Tranche Update on Mission Produce, Inc.'s Equity Buyback Plan announced on September 11, 2023.
December 21, 2023 at 04:23 pm EST
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From September 6, 2023 to October 31, 2023, the company has repurchased 67,178 shares, representing 0.09% for $0.62 million. With this, the company has completed the repurchase of 67,178 shares, representing 0.09% for $0.62 million under the buyback announced on September 11, 2023.
Mission Produce, Inc. is engaged in the farming, packaging, marketing, and distribution of avocados to food retailers, distributors and produce wholesalers. It operates through three segments: Marketing and Distribution, International Farming, and Blueberries. Its Marketing and Distribution segment sources fruit from growers and then distributes the fruit through its global distribution network. Its International Farming segment owns and operates orchards from which all fruit produced is sold to its Marketing and Distribution segment. Its farming activities range from cultivating early-stage plantings to harvesting from mature trees. Its Blueberries segment is a farming operation that cultivates blueberry plants in Peru. It provides value-added services including ripening, bagging, custom packaging, logistical management, and quality assurance. The Company also provides its customers with merchandising and promotional support, insights on market trends and hands-on training.