London Agricultural Commodities, Inc. acquired Port Colborne facility in Ontario from Ceres Global Ag Corp. (TSX:CRP) for $4 million on February 17, 2023. All former Ceres employees at the terminal will transition to LAC. Ceres plans to use the proceeds from the sale to execute against its broader strategy to increase core product farmer-direct origination from key growing regions while optimizing capital structure by paying down term debt.

London Agricultural Commodities, Inc. completed the acquisition of Port Colborne facility in Ontario from Ceres Global Ag Corp. (TSX:CRP) on February 17, 2023.