Ceres Global Sells Canterra Seeds Stake

Ceres Global (TSE:CRP) has released an update.

Ceres Global Ag Corp. has sold its 17% stake in Canterra Seeds to United Farmers of Alberta, aiming to sharpen its focus on core business areas and enhance efficiencies. The deal, which involved over 1.2 million shares and a cash consideration of approximately C$2.5 million, promises to strengthen Western Canadian agriculture by driving research and innovation in key crop varieties.

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