BlueFire Equipment, Corp. (BLFR), Commences Company Name & Ticker Change Process for its New Direction in the $12.5 Billion Agriculture Market
Rhea-AI Summary
BlueFire Equipment, Corp. (OTC: BLFR) is changing its name to Farmies, Inc. and its ticker symbol to MIES following the acquisition of Miracle Life Farm, LLC. This strategic move is aimed at aligning with the booming agriculture market, projected to be worth $12.5 billion in 2022, growing at a 11.1% CAGR. The company plans to enhance operations by partnering with local farmers for profit-sharing ventures and expanding its fruit offerings, including utilizing Thai Guava leaves for tea production. CEO Nickolas S. Tabraue emphasizes this new direction for growth and community support.
Positive
- Acquisition of Miracle Life Farm, LLC enhances market position.
- New name and ticker symbolize strategic focus on agriculture.
- Projected agriculture market growth of 11.1% CAGR presents opportunities.
- Plans to utilize Thai Guava leaves for tea boosts product offerings.
- Profit-sharing joint ventures with local farmers to expand operations.
- Potential for increased revenue through export and brokered sales.
Negative
- None.
News Market Reaction – BLFR
In the trading session that priced this news, BLFR gained 14.72%, 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. 21, 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, submits company name and ticker change for its new direction in the agriculture market after acquiring Miracle Life Farm, LLC. announced on September 15, 2022.
The Company is in process to change the Company’s name to Farmies, Inc. and its ticker symbol to MIES. The change was made to best suit the Company’s new direction in the Agriculture market currently valued to be
Nickolas S. Tabraue, BLFR’s CEO, interim CFO & Director comments with, “Farmies, Inc. is the perfect name to brand us, its short, simple and covers our vision. Currently, we are operating on a 13 acre lot, primarily harvesting then wholesaling Thai Guava. But we plan on utilizing the wasted Thai Gauva leaves to market to our current and future retailers as a tea product, due to its medicinal effects. This will fully maximize our current lot and crops when harvested.” Tabraue continues with, “To accelerate our growth we are in talks with local farmers to partner via a profit sharing joint venture to utilize their lots to grow additional exotic fruit, with the option to purchase their lot in the future. Through these joint ventures we will further expand our produce offering and inventory all with the option to own the lot to further increase our assets while increasing both revenue and profit.” Tabraue adds, “To increase our outreach, we are in structuring stages on exporting our harvest along with purchasing/brokering local farmer’s harvest to neighboring countries through our strong network. This will allow us to not only increase revenue, but help our community of farmers who don’t have the network to resale.” Tabraue ends with, “Now that you know our plans, you have an idea of our vision and why Famies, Inc. suits us best. I look forward to sharing our progress on each achievement along the way.”
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 Mamay 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
