Landec announces intention to become Lifecore Biomedical 16:27 LNDC, LFCR Landec Corporation (LNDC) formally announced the Company's path forward as a CDMO-focused life sciences company, complete with a planned corporate rebranding, new ticker symbol, and the naming of its go-forward executive leadership team and Board of Directors. Craig Barbarosh, Chairman of the Board of Landec, stated, "With Project SWIFT rapidly coming to a close, we are thrilled to announce several corporate actions in support of our focused strategy to accelerate growth at Lifecore. Lifecore has produced compound revenue growth of 15% and EBITDA growth of 25% since fiscal 2015. We have supported the Lifecore business since we took ownership of the company, investing in new capacity and capabilities. As we look ahead, we expect Lifecore to continue to build upon its strong development pipeline, further expand its breadth of services and become the leading CDMO focused on complex projects. We are extremely excited about the path ahead for this exceptional business." Transition to 'Lifecore Biomedical' and Related Corporate Actions: Corporate rebranding from Landec Corporation to Lifecore Biomedical. Ticker symbol transition to 'LFCR' - Concurrent with the corporate rebranding, the Company expects to begin trading under its new ticker 'LFCR' on The Nasdaq Stock Market. Names new CEO and anticipated changes to the Board of Directors
This is really funny. LNDC I swear was an avocado shipping company that I had a large investment in 20 years ago! They developed these crates and packaging that kept the avocados looking fresh... from that to Lifecore med???????????
