Welcome to our dedicated page for Nocera news (Ticker: NCRA), a resource for investors and traders seeking the latest updates and insights on Nocera stock.
Nocera, Inc. reports developments tied to its acquisition-focused strategy, digital asset treasury initiatives, and aquaculture operations. Company news has covered plans to allocate treasury capital to Bitcoin and other digital assets, private financing through convertible notes, strategic investments, and efforts to broaden its business beyond RAS large-scale fish tank systems for land-based fish farms.
Updates also include Nasdaq listing compliance, delayed periodic reporting matters, investor presentations, and corporate statements about sustainable seafood equipment, facility operations, consulting, technology transfer, and aquaculture project management.
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Nocera, Inc. (NASDAQ:NCRA) announced the purchase of 229 acres in Montgomery, Alabama, for $875,000 to build its first large-scale fish farm utilizing Recirculatory Aquaculture Systems (RASs). The acquisition was funded with $225,000 in cash and a $650,000 loan. Construction is expected to start in Q3 2023, with plans for replicating the model across the U.S. CEO Jeff Cheng emphasized the potential for substantial revenue generation and a commitment to sustainable practices. This facility is poised to lead Nocera's expansion in the aquaculture sector, aligning with its goal of becoming a prominent player in sustainable food production.