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Interesting: Where Food Comes From declares $0.15 special dividend https://seekingalpha.com/news/3711762-where-food-comes-from-declares-0_15-special-dividend
I guess it’s not needed for any planned acquisitions.
WFCF moved to the Nasdaq from the OTC:
https://otce.finra.org/otce/dailyList?viewType=Deletions
WFCF one for 4 reverse split. **PPS closed at $2.95
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
Are you referring to the VVS Director? I believe he is going to work for a competitor. I’ll direct message you.
Staff Changes?
I'm happy to see a rebound in the stock price and are approaching pre-pandemic prices. WFCF commodity clients have greatly interested me as I see a possibility for growth in their business with their rolodex of potash, animal products, etc. When reaching out to staff contacts I met prior to investing both were no longer with the company. Does anyone know if the company restructured their staff? One of these individuals was a key employee.
I am very bullish about the companies prospects.
$WFCF...
IMI Global and Where Food Comes From Announce Full Activities Schedule for Cattle Industry Convention
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7:00 AM ET 1/14/19 | GlobeNewswire
IMI Global and Where Food Comes From Announce Full Activities Schedule for Cattle Industry Convention & NCBA Trade Show in New Orleans January 30 -- February 1, 2019
CASTLE ROCK, Colo., Jan. 14, 2019 (GLOBE NEWSWIRE) -- IMI Global and Where Food Comes From, Inc. (WFCF) (OTCQB: WFCF), the most trusted resource for independent, third-party verification of food production practices in North America, today announced a full schedule of Company events at the upcoming Cattle Industry Convention & NCBA Trade Show in New Orleans, LA, on January 30 through February 1, 2019.
The Cattle Industry Convention & NCBA (National Cattlemen's Beef Association) Trade Show is agriculture's premier event where the industry comes together to get down to business for the cattle industry. The 2019 event will be one of the largest on record, with more than 9,000 cattlemen and women gathering for two and a half days of education, networking, and business.
The IMI Global division of Where Food Comes From is the largest provider of verifications and traceability solutions for the cattle industry with more than 10,000 ranch, feed yard and processor customers nationwide. IMI Global and WFCF personnel will be speaking and holding educational panels and presentations throughout the event covering a wide range of topics impacting players at all levels of the cattle industry. Some of these events will include and be co-sponsored by Company partners such as Tyson and Creekstone Farms. In addition, IMI Global and WFCF will be hosting coffee, lunch and happy hour events over the course of the event. To view a detailed schedule of events, go to http://imiglobal.com/index.html.
"We have an outstanding lineup of speakers and presentations covering the latest programs and technologies impacting the beef supply chain," said John Saunders, CEO of Where Food Comes From, Inc. "We encourage attendees to stop by the IMI Global / Where Food Comes From booth to interact with our team members and to sit in on some of the many educational events we have planned."
Following is a list of presenters:
44 Farms
ABS Global Infocus Program
Allflex
Alltech
American International Charolais
Colton Atkins, CSU Ph.D candidate on Traceability
Country Natural Beef
Creekstone Farms
Diamond V
Gelbvieh Association Balancer(R) Edge Program
IMI Global
International Genetic Solutions (IGS) Feeder Profit Calculator
MFA Powercalf
MS Biotec -- Feed Verified
Producer/Feedlot Panel
Red Angus
Tyson
Zinpro
About Where Food Comes From, Inc.
Where Food Comes From, Inc. is America's trusted resource for third party verification of food production practices. Through proprietary technology and patented business processes, the Company supports more than 15,000 farmers, ranchers, vineyards, wineries, processors, retailers, distributors, trade associations, consumer brands and restaurants with a wide variety of value-added services. Through its IMI Global, International Certification Services, Validus Verification Services, SureHarvest, A Bee Organic and Sterling Solutions units, Where Food Comes From solutions are used to verify food claims, optimize production practices and enable food supply chains with analytics and data driven insights. In addition, the Company's Where Food Comes From(R) retail and restaurant labeling program uses web-based customer education tools to connect consumers to the sources of the food they purchase, increasing meaningful consumer engagement for our clients.
CAUTIONARY STATEMENT
This news release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, based on current expectations, estimates and projections that are subject to risk. Forward-looking statements are inherently uncertain, and actual events could differ materially from the Company's predictions. Important factors that could cause actual events to vary from predictions include those discussed in our SEC filings. Specifically, statements in this news release about industry leadership and demand for, and impact and efficacy of, the Company's products and services on the marketplace, are forward-looking statements that are subject to a variety of factors, including availability of capital, personnel and other resources; competition; governmental regulation of the agricultural industry; the market for beef and other commodities; and other factors. Readers should not place undue reliance on these forward-looking statements. The Company assumes no obligation to update forward-looking statements to reflect new information or developments. For a more extensive discussion of the Company's business, please refer to the Company's SEC filings at www.sec.gov.
Company Contact:
Jennifer Moore
Marketing Coordinator
jmoore@wherefoodcomesfrom.com
WFCF: now exclusive certification body in the U.S.
Wednesday, 02. January 2019
Raw Materials + Commodities
Castle Rock / CO. (wfcf) Where Food Comes From Inc. (WFCF), the most trusted resource for independent, third-party verification of food production practices in North America, announced it has been named Program Administrator for the new U.S. Hemp Authority™ Certified verification standard. Under the agreement, WFCF’s Validus Verification Services unit was named as exclusive certification body for hemp growers and processors seeking to comply with the standard and earn the right to display the U.S. Hemp Authority™ Certified seal in their product labelling, advertising and marketing.
Participating hemp growers and processors will be educated in FDA best practices designed to reassure consumers and law enforcement that hemp-based products displaying the certification seal are both safe and legal. Specifically, the certification process evaluates quality management systems, master manufacturing records, ISO quality standards, current good manufacturing practices and employee training for best practices.
The U.S. Hemp Authority™ Certified program was developed with the support of the US Hemp Roundtable in anticipation of passage of the 2018 Farm Bill, which was recently overwhelmingly approved by the U.S. House and Senate and is expected to be signed into law this month. The bill legalized hemp farming in the US following years of prohibition due to misconceptions about the product. Although a member of the cannabis family, hemp does not have the psychotropic effects of THC, which is found in marijuana, which is also a member of the cannabis family. For more information on the U.S. Hemp Authority™ Certified, go to http://www.ushempauthority.org/
Hemp has thousands of applications and is used in the production of products ranging from textiles and construction materials to biofuels and plastics. A key driver in passage of the legislation was the medicinal quality of cannabidiol, or CBD, which is finding broad market acceptance in the treatment of pain, anxiety and other medical issues. The most notable medicinal benefit to date involves treatment of Epileptic seizures, which in clinical trials were greatly reduced in severity with CBD-based drug therapy that has since been approved by the FDA.
Hemp is a highly sustainable, eco-friendly crop that requires less water to grow, is naturally pest resistant and is effective in restoring polluted soil and reducing erosion. Hemp was an USD 820 million industry in 2017, with more than two-thirds of that total comprised of food, supplements, personal care and CBD oil. With passage of the 2018 Farm bill, the total market for hemp-based products is expected by some analysts to grow to nearly USD 2.0 billion by 2022.
«Our selection to administer this program puts Where Food Comes From at the forefront of a major new health and wellness movement in the US today,» said John Saunders, CEO of Where Food Comes From. «The growing popularity of food, beverage and medicinal products containing CBD oil creates a challenge for consumers who are concerned about the origin, quality and quantity of CBD in the products they consume. The creation of the U.S. Hemp Authority™ Certified program demonstrates the hemp industry’s commitment to establishing and enforcing quality standards for growers and processors who believe consumers deserve high levels of transparency.»
Michael Mona III, Chief Operating Officer and Co-Founder of CV Sciences, a founding member of the US Hemp Roundtable, said, «We are pleased to welcome Where Food Comes From as Program Administrator for the new U.S. Hemp Authority™ Certified program. Consumer interest and demand for industrial hemp products is growing exponentially and we believe those consumers are entitled to full transparency with respect to product quality, safety and consistency. Where Food Comes From is a nationally recognized, trusted provider of independent third party verification to some of the largest food companies in America and is ideally suited to manage this important new program.»
About Where Food Comes From Inc.
Where Food Comes From Inc. is America’s trusted resource for third party verification of food production practices. The Company supports more than 15,000 farmers, ranchers, vineyards, wineries, processors, retailers, distributors, trade associations, consumer brands and restaurants with a wide variety of value-added services through its IMI Global, International Certification Services, Validus Verification Services, SureHarvest, A Bee Organic and Sterling Solutions units. In addition, the Company’s Where Food Comes From® retail and restaurant labelling program utilizes the verification of product attributes to connect consumers to the sources of the food they purchase through product labeling and web-based information sharing and education.
IBM tracking lettuce for Walmart with block chain software.
Much greater resources than WFCF
Major opportunity for shareholders if they get into the cannabis testing and quality control market. Could add equipment and lab techs or merge with EVIO.
Nice article on Seeking Alpha on this company...
https://seekingalpha.com/article/4205406-food-comes-high-growth-stock-really-great-potential
You may be right but "IF" the stock had run up $1.00-1.50 based on hype of expanded China beef and soybean business it has given it back. Do the recent acquisitions also mask some expense issues? Time will tell.
I don't agree. I have thought about this for awhile. There is plenty of business out there for this co. To grow. They were doing just fine prior to any mention of China. Look at the float,it is so small that most institutions could not buy if they wanted to. They buy in large chunks. Tough to do here without being over the 10% rule.this is going to get better.look at today, someone wanted in. This is a great place to be.
CHINA tariffs and trade war seem to have killed their growth?
Hope I have not made an error in judgement buying into this. Since I bought into it, nothing but lower highs & lower lows with no help in sight.
The little I have read about EVIO, they seem to be more into pot testing. I have never followed that sector. Don't know much about it & not invested in it. I am on the sideline on this one.
I do not know anything about EVIO. So before I can comment on that I am going to go look at it & will get back to you on it. Thx for the tip.
WFCF could easily acquire EVIO and become leader in all ag testing and accelerate growth as more states approve and need EVIO testing.
They provide a really important service that only grow in demand.I am Hoping it won't.
Maybe China tariff on U.S. Beef will reverse recent strength for company?
I can't believe there is no interest in this stock.Extremely important service they provide. Growth prospects unlimited &this latest earnings released demonstrates that. Am I the only one buying it?
Will they take advantage of this legislation in their babkyard??
https://leg.colorado.gov/bills/sb18-029
HUGE 500,000 stock block overhang-limits upside as this will no doubt be refiled when stock moves back up:
On January 5, 2018, John Saunders and Leann Saunders (the “Saunders”) notified Where Food Comes From, Inc. (the “Company”) that they have elected to terminate their pre-arranged stock trading plan (the “Plan”) to sell up to 500,000 shares common stock
Relationship with EVIO would be a win-win for both sets of shareholders. Enormous synergies, economies of scale and cross selling opportunities.
Revenue up 12% year over year to $11.6 million from $10.4 million
Net income of $433,200 vs. $533,900 in prior year; profitability impacted by $305,500 in M&A costs in fourth quarter of 2016
Adjusted EBITDA increased 13% to $1.4 million from $1.2 million
Cash generated from operations increased 14% to $1.0 million from $0.9 million
$3.2 million in cash, cash equivalents and short-term investments; 3.6:1 current ratio; no long-term debt
Q4 acquisition of SureHarvest adds approximately $1.7 million in annualized revenue, expands and diversifies commodity reach with high value specialty crops, positions Company for continued growth
Anyone notice that we are knocking on the door of $ 2.70??
Slowly but surely.......
I agree. WFCF at $2 is a great entry point into a long term developing growth story.
I have also owned WFCF for about 3 years. Up about 4x from initial purchases. Right now it is about the cheapest it has been for a while in terms of PE. It has always been 'expensive' relative to PE, but it probably always will because of the moat they have built and the growth they are having and are set up for. The best compilation, that I know of, of over 800 posts about the market, the trend, the business are found at MicroCapClub. Anyone interested in this company should consider checking out the research already compiled there.
This is my favorite company and CEO. I will probably be holding for several years. I recently added around $2.
I like and own WFCF. The thesis is simple, there is an increasing demand for transparency in food to understand what is in it and where it comes from. Also, WFCF has a nice moat. This article helps to understand the value of a moat. http://microcapclub.com/2015/11/the-vision-to-see-economic-moats/
Where Food Comes From: A Venture Capitalist's Dream. http://seekingalpha.com/article/3589356-where-food-comes-from-a-venture-capitalists-dream
And another.....Where Food Comes From: A Strategic, Overvalued Play To Capture Big Gains In A Growing Industry $WFCF
http://www.seekingalpha.com/article/3376955
I actually disagree with the risks stated in all the articles I've read on this ticker. There is more competition than is often cited.
Agreed the chart is no good but fundamentally still sound. I just saw this presentation. http://wherefoodcomesfrom.com/wp-content/uploads/2015/05/IR-PPT_May-2015.pdf Still tons of trnds benefiting this stock. We just need to string together some profitable quarters.
There was a great frontline special on PBS about contaminated chicken especially at Foster Farms. It's a must see and will put WFCF at the forefront to help guarantee our food supply is safe. I didn't realize it was so bad. Gotta be careful where you buy your food!
Nice earnings reported today.
Time to buy some more WFCF. Think it will be supported at this level and pop up again.
Where's the beef..come from? Now only WFCF can tell you. With this last acquisition, they now have a monopoly on verifying beef. In a year or two or three, when McDonalds, or Target, or any food seller wants to have their beef source verified or labeled, there is only one place to go. John's plan is to continue to buy up other source verifiers for pork, and all foods for a discount to the trend which has been gaining momentum. Sure, it is a small company now, but it won't be in time. It has been my largest holding for two years plus and if progress and growth continue as it has, it will continue to be for a long time. Sign a McDonalds , or the like, and this company is instantly worth ten times what it is now. This stock is the one I worry about the least.
Someone wanted to sell their stock. Nothing's changed with the underlying business.
The transcript is available in the 8K at: http://www.sec.gov/Archives/edgar/data/1360565/000138713114001777/ex99-2.htm