Reported about 10 hours ago
Cobram Estate Olives from Australia has successfully raised A$175 million ($115.6 million) through a share placement to fund its U.S. expansion, aiming to develop 1,600 hectares of olive groves by 2027. The company, which plans to further raise A$10 million through a share purchase plan, sees significant potential in the U.S. market, which now constitutes over a quarter of its olive oil sales. Cobram Estate's revenue surged by 22.1% in the past year, with U.S. sales more than doubling to A$42.3 million.
Source: YAHOO