BlueFire Equipment, Corp. (BLFR), Acquires Miracle Life Farm, LLC., a 6 Year Family Owned Farm in Homestead FL with Approximately $3,400,000 in Assets and Revenue as of June 30, 2022
Rhea-AI Summary
BlueFire Equipment, Corp. (BLFR) has acquired Miracle Life Farm, LLC., a family-owned farm in Homestead, FL, specializing in exotic fruit production. The farm operates on 13 acres, producing fruits like Thai Guava and Sugar Apple, which are sold under USDA compliance to major supermarkets such as Presidente and Windixie. The acquisition involves BLFR obtaining 81% of Miracle Life's Preferred Class B shares, allowing the farm to expand its operations and access capital markets. As of June 30, 2022, Miracle Life reported assets of $3.13 million and $307,423 in revenue, with over $980,000 generated by year-end 2021.
Positive
- Acquisition of Miracle Life Farm enhances BLFR's portfolio in agriculture.
- Access to capital markets for expansion and synergistic acquisitions.
- Strong revenue growth potential with over $980,000 revenue in 2021.
Negative
- None.
News Market Reaction – BLFR
In the trading session that priced this news, BLFR gained 11.54%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Homestead, FL., Sept. 15, 2022 (GLOBE NEWSWIRE) -- BlueFire Equipment, Corp. (OTC: BLFR) (“BLFR” or “the Company”), a company specializing in emerging industries acquisitions with an emphasis in the business of agriculture, acquires Miracle Life Farm, LLC., a family owned farm in Homestead FL.
Miracle Life Farm, LLC. currently operates on 13 acres of land growing exotic fruit including Thai Guava, Sugar Apple, and Mamay. The exotic fruits have been wholesaled under USDA throughout the nation including chain supermarkets such as Presidente and Windixie. Successfully operating for over 6 years the owners of Miracle Life are ready to expand to larger lots and distribution channels utilizing their experience and network. Through a friendly transaction, the owners merged into BLFR for
As of June 30, 2022 Miracle Life held
About BlueFire Technology, Corp. (BLFR)
BLFR is specialized in emerging industries acquisitions with an emphasis in the business of agriculture. BLFR is primary focused on its first acquisition, Miracle Life Farm, LLC., a family owned farm in Homestead, FL focused on growing exotic fruit including and not limited to Thai Guava, Sugar Apple, Banana, and Mamey under the USDA while utilizing their benefits to sell throughout the States.
For more information visit: https://miraclelifefarm.com
SAFE HARBOR ACT: Forward-looking statements are included within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding the Company’s expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations or listing on an exchange — including words such as “anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “could,” “should,” “will” and other similar expressions — are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond the Company’s control and may cause actual results, performance or achievements to differ materially from anticipated results, performance or achievements. The Company is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements, whether as a result of new information, future events or otherwise. No information in this press release should be construed in any manner whatsoever as an indication of the future performance of the Company’s revenues, financial condition or stock price.
Company Contact:
Nickolas S. Tabraue
18280 SW 228th Street
Miami, FL. 33170
info@BLFR.info
786.375.7281
