Nocera to buy 229 acres of agricultural land for US in Montgomery, Alabama

Sep. 12, 2022 8:40 AM ETNocera, Inc. (NCRA)By: Manshi Mamtora, CFA Nocera (NASDAQ:NCRA) to acquire 229 acres of agricultural land for US land based...

September 14, 2022
4:16 AM

Sep. 12, 2022 8:40 AM ETNocera, Inc. (NCRA)By: Manshi Mamtora, CFA Nocera (NASDAQ:NCRA) to acquire 229 acres of agricultural land for US land based fish farms in Montgomery, Alabama. The purchase agreement was executed on September 8, 2022, and the acquisition is anticipated to close by October 31, 2022. The purchase price for the parcel is $865,000. The company in the process of obtaining up to 85% financing from local banking institutions. Jeff Cheng, Nocera's CEO, commented, "This land acquisition in Alabama would be our first entry into fish farming business in the United States.

Manshi Mamtora