Mission Produce, Inc. announces an Equity Buyback for $20 million worth of its shares.
September 10, 2023
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Mission Produce, Inc. (NasdaqGS:AVO) announces a share repurchase program. Under the program, the company will repurchase up to $20 million worth of its outstanding common stock. The repurchase program will run for 36 month.
Mission Produce, Inc. is engaged in the farming, packaging, marketing, and distribution of avocados to food retailers, distributors and produce wholesalers. It operates through three segments: Marketing and Distribution, International Farming, and Blueberries. Its Marketing and Distribution segment sources fruit from growers and then distributes the fruit through its global distribution network. Its International Farming segment owns and operates orchards from which all fruit produced is sold to its Marketing and Distribution segment. Its farming activities range from cultivating early-stage plantings to harvesting from mature trees. Its Blueberries segment is a farming operation that cultivates blueberry plants in Peru. It provides value-added services including ripening, bagging, custom packaging, logistical management, and quality assurance. The Company also provides its customers with merchandising and promotional support, insights on market trends and hands-on training.
MISSION PRODUCE, INC. 
