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Kalera files to sell 15.75M units  17:34
10/07/22
10/07
17:34
10/07/22
17:34
KAL

Kalera

$1.14 /

-0.12 (-9.52%)

 
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KAL Kalera
$1.14 /

-0.12 (-9.52%)

KAL Kalera
$1.14 /

-0.12 (-9.52%)

08/23/22 Roth Capital
Kalera price target lowered to $5 from $6 at Roth Capital
07/07/22 Roth Capital
Kalera initiated with a Buy at Roth Capital
Over a week ago
Hot Stocks
Kalera says product line extensions will maximize Kalera's revenue potential » 16:27
09/22/22
09/22
16:27
09/22/22
16:27
KAL

Kalera

$1.35 /

+0.13 (+10.66%)

Kalera Public outlined…

Kalera Public outlined its new strategy and path to profitability for analysts and investors during a virtual event held today. Aric Nissen, the company's Chief Marketing Officer, added that the Kalera brand is an important and increasingly valuable asset as it wins shelf space, wins market share and earns a price premium. Kalera's retail store footprint has grown to over 1,300 locations this month, and over 1,400 locations next month...Austin Martin, President North America, said Kalera's immediate focus is to bring existing farms to cash flow positive through topline and bottom-line growth by the end of 2023. The company also plans to shift more of its product mix from the foodservice channel to retail and expand its product mix to higher-margin loose leaf lettuces, herbs and microgreens rather than all full head lettuces. The product line extensions will maximize Kalera's revenue potential and farm capacity utilization, according to Chief Financial Officer Fernando Cornejo. Current operating farms' revenue potential of approximately $49M will grow to approximately $72M, including new farms that are expected to begin operations in the fourth quarter.

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KAL Kalera
$1.35 /

+0.13 (+10.66%)

KAL Kalera
$1.35 /

+0.13 (+10.66%)

08/23/22 Roth Capital
Kalera price target lowered to $5 from $6 at Roth Capital
07/07/22 Roth Capital
Kalera initiated with a Buy at Roth Capital
Over a month ago
Hot Stocks
Kalera announces expanded retail distribution » 07:37
08/29/22
08/29
07:37
08/29/22
07:37
KAL

Kalera

$1.82 /

-0.17 (-8.54%)

Kalera Public Limited…

Kalera Public Limited Company announced its retail store count has grown by 25% this year, with 1,370 retail stores to date and additional retailers expected in the coming months. Kalera is on track to surpass 40 percent growth by year end. In addition, last week Kalera announced that a large national premium grocery retailer added Kalera's ultra-clean, non-GMO, leafy greens to its Texas market which will be serviced through their Houston Facility". The Company plans to expand in select markets and communities that do not have accessibility to local and fresh produce to capture an increased share of the broader U.S. lettuce and microgreens categories. Growth will be supported by several key macro and micro drivers including the growing mainstream acceptance of Kalera's products; heightened consumer awareness of the role fresh, clean food and nutrition play in long-term health and wellness; growing awareness of the beneficial impact that vertical farming has on the environment; and increasing concern about food safety and security on a global scale. Kalera is supporting growth with disciplined capital deployment to create long-term value for shareholders. Kalera also announced that its Denver farm, the company's fourth large-scale facility is fully operational, four months ahead of schedule.

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KAL Kalera
$1.82 /

-0.17 (-8.54%)

KAL Kalera
$1.82 /

-0.17 (-8.54%)

08/23/22 Roth Capital
Kalera price target lowered to $5 from $6 at Roth Capital
07/07/22 Roth Capital
Kalera initiated with a Buy at Roth Capital
Recommendations
Kalera price target lowered to $5 from $6 at Roth Capital » 10:12
08/23/22
08/23
10:12
08/23/22
10:12
KAL

Kalera

$2.42 /

+0.07 (+2.98%)

Roth Capital analyst…

Roth Capital analyst Brian White lowered the firm's price target on Kalera to $5 from $6 and keeps a Buy rating on the shares post the Q2 results. The analyst believes new CEO Jim Leighton has identified the appropriate product mix and developed the needed distribution partnerships for Kalera to "turn the corner" in 2023.

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KAL Kalera
$2.42 /

+0.07 (+2.98%)

KAL Kalera
$2.42 /

+0.07 (+2.98%)

07/07/22 Roth Capital
Kalera initiated with a Buy at Roth Capital
Hot Stocks
Kalera announces revised date for Q2 financial results » 08:10
08/12/22
08/12
08:10
08/12/22
08:10
KAL

Kalera

$2.93 /

+0.19 (+6.93%)

Kalera Public Limited…

Kalera Public Limited Company announced its second quarter 2022 earnings release and conference call has been rescheduled to allow additional time to complete its Quarterly Report on Form 10-Q. Kalera will now release financial results for the second quarter ended June 30, 2022 on Friday, August 19, before the market opens. This change is due to the timing of the company's business combination with Agrico Acquisition Corporation on June 28 and subsequent listing on Nasdaq on June 29. A conference call and audio webcast will be held on Friday, August 19 at 9:00 a.m. Eastern Time to discuss the results and answer questions.

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KAL Kalera
$2.93 /

+0.19 (+6.93%)

KAL Kalera
$2.93 /

+0.19 (+6.93%)

07/07/22 Roth Capital
Kalera initiated with a Buy at Roth Capital
Over a quarter ago
Initiation
Kalera initiated with a Buy at Roth Capital » 05:28
07/07/22
07/07
05:28
07/07/22
05:28
KAL

Kalera

$4.34 /

+1.54 (+55.00%)

Roth Capital analyst…

Roth Capital analyst Brian White initiated coverage of Kalera with a Buy rating and $6 price target. The company has "put the pieces together to be an important player in the industry" and while capital market conditions are not ideal, the long-term opportunity in vertical farming will ultimately draw sufficient investor interest to Kalera, White tells investors in a research note. The company will require another $50M in financing to get its Columbus and Hawaii facilities to break-even cash flow, but it can delay these facilities until additional funding is available, says the analyst.

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KAL Kalera
$4.34 /

+1.54 (+55.00%)

Hot Stocks
Agrico Acquisition Corp trading resumes  13:07
06/30/22
06/30
13:07
06/30/22
13:07
KAL

Kalera

$6.50 /

-2.4 (-26.97%)

 
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KAL Kalera
$6.50 /

-2.4 (-26.97%)

Hot Stocks
Agrico Acquisition Corp trading halted, volatility trading pause  13:02
06/30/22
06/30
13:02
06/30/22
13:02
KAL

Kalera

$6.50 /

-2.4 (-26.97%)

 
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KAL Kalera
$6.50 /

-2.4 (-26.97%)

Hot Stocks
Kalera, Agrico Acquisition complete business combination » 10:37
06/29/22
06/29
10:37
06/29/22
10:37
KAL

Kalera

$9.75 /

-0.5 (-4.88%)

, RICO

Agrico Acquisition

$14.56 /

+ (+0.00%)

Kalera and Agrico…

Kalera and Agrico Acquisition (RICO) announced the completion of their previously announced business combination. The combined company will retain the Kalera name and will commence trading ordinary shares on the Nasdaq under the new ticker symbols "KAL" on Wednesday, June 29. The business combination was approved at a special meeting of the shareholders of Kalera on June 28. Pursuant to the Sponsor Support Agreement entered into on January 30, upon the consummation of the business combination approximately 1.8M shares of Agrico Class B common stock were first converted into Agrico Class A common stock on a one-for-one basis, then into Kalera shares on a one-for-one basis. The remaining 50% of the Agrico Class B common stock was forfeited to Agrico. In connection with the closing of the transaction, Agrico received elections to redeem approximately 14.3M of its outstanding ordinary shares. As a consequence, Kalera S.A. shareholders now own an aggregate of approximately 19.1M Kalera shares and Agrico shareholders own an aggregate of approximately 2.2M Kalera shares, representing approximately 90% and 10% of the issued and outstanding common stock of the combined company respectively. Kalera says it "uses technology to ensure that more people around the world have access to the freshest, most nutritious, and cleanest products available."

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RICO Agrico Acquisition
$14.56 /

+ (+0.00%)

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