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Wide Open Agriculture Ltd. ( (AU:WOA) ) has issued an update.
Wide Open Agriculture Ltd. has announced a strategic business review focusing on its proprietary lupin protein IP, aiming to leverage opportunities in the South East Asian market. The company plans to consolidate operations in Australia, evaluate options for its German facility, and transition to a capital-light production model. With regulatory approval to supply lupin protein isolate to China and a growing sales pipeline, the company is poised to expand its market presence. Cost-cutting measures and strategic funding initiatives, including an $80,000 grant, are expected to support these objectives.
More about Wide Open Agriculture Ltd.
Wide Open Agriculture Ltd. is an alternative protein technology and ingredient business focused on producing lupin protein isolates and associated products. The company has transitioned from a diversified, regenerative food and agriculture company to concentrate on its proprietary lupin IP, targeting the high-growth alternative protein market, particularly in South East Asia.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €3.83M
See more data about WOA stock on TipRanks’ Stock Analysis page.