FSI trades remaining Florida LLC equity for exclusive agricultural product rights

Corporate Action
โดย GlobeNewswire·Read original
Summary · why it matters

Flexible Solutions International has traded its remaining 19.9% equity in the Florida LLC for perpetual, exclusive rights to manufacture and sell four agricultural products and their intellectual property in a territory covering all of Central America, South America, and the Caribbean. The acquirer that purchased 30.1% of the LLC in August 2024 for $2 million and five annual payments of $800,000 was unable to fund the annual payments, prompting the transaction. CEO Dan O’Brien stated that the company has been making these products for the region for a decade and expects to recover lost sales and historic revenue, with significant progress anticipated in the second half of 2026.

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