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Cardinal Ethanol ( (CRDE) ) has issued an update.
Cardinal Ethanol is actively engaged in community projects, such as upgrading local fairgrounds, and is progressing with its Carbon Capture and Sequestration initiative despite some delays. The company’s Colwich, Kansas ethanol facility is now fully operational, thanks to the efforts of a strong management team and skilled employees. Cardinal Ethanol is also proposing to deregister as a public company and has informed members about changes in K-1 tax form availability and a recent distribution payout. Financially, the company has faced a decrease in net income, ethanol gallons sold, and product prices compared to the previous year, attributed to factors like installation of a high protein feed system and market conditions.
See more insights into CRDE stock on TipRanks’ Stock Analysis page.
