Tranche Update on Where Food Comes From, Inc.'s Equity Buyback Plan announced on March 5, 2020.
February 15, 2024 at 01:19 pm EST
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From October 1, 2023 to December 31, 2023, the company has repurchased 76,109 shares, representing 1.37% for $1.04 million. With this, the company has completed the repurchase of 834,031 shares, representing 14.1% for $9.74 million under the buyback announced on March 5, 2020.
Where Food Comes From, Inc. provides a trusted resource for third-party verification of food production practices in North America. The Company supports approximately 17,500 farmers, ranchers, vineyards, wineries, processors, retailers, distributors, trade associations, consumer brands, chefs and restaurants with a variety of value-added services. The Companyâs segments include Verification and Certification and Professional Services. The Verification and Certification Segment offer a range of products and services to maintain identification, traceability, and verification systems. It conducts both on-site and desk audits to verify that claims being made about livestock, food, other high-value specialty crops and agricultural products are accurate. The Professional services include a range of professional consulting, data analysis, reporting and technology solutions that support its verification business and generate incremental revenue specific to the food and agricultural industry.