Casterra Delivers First Shipment of Castor Seeds to Africa
Portfolio Pulse from Benzinga Newsdesk
Casterra Ag Ltd., a subsidiary of Evogene Ltd. (NASDAQ:EVGN), has shipped its first batch of high-yield, high-oil castor seeds from Brazil and Zambia to Africa. The shipment, valued at $1 million, is part of an $11.3 million purchase order from a leading oil and gas company.
September 27, 2023 | 11:07 am
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POSITIVE IMPACT
Evogene's subsidiary, Casterra, has begun fulfilling a significant purchase order, which could positively impact Evogene's revenues.
The news directly pertains to Evogene as Casterra is its subsidiary. The fulfillment of a large purchase order could lead to increased revenues for Evogene, potentially positively impacting its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
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