BlueFire Equipment, Corp. (OTCMKTS:BLFR) that specializes in emerging industries acquisitions, and focuses on the business of agriculture, has announced on September 15, 2022, about acquiring Miracle Life Farm, LLC, a family owned farm in Homestead FL.
Trading Data
On Thursday, BLFR stock jumped 11.54% to $0.0725 with more than 1.15 million shares, compared to its average volume of 77.82K shares. The stock moved within a range of $0.0501 – 0.0990 after opening trade at $0.0799.
BlueFire Equipment, Corp. (BLFR), Acquires Miracle Life Farm, LLC., a 6 Year Family Owned Farm in Homestead FL with Approximately $3,400,000 in Assets and Revenue as of June 30, 2022
Till June 30, 2022, Miracle Life holds $3,133,827.95 in assets and $307,423.21 in revenue with December 31, 2021’s yearend generating over $980,000 in revenue. The company continues to progress its expansion and restructure plans – an update is expected soon regarding the same.
As of now, Miracle Life Farm, LLC, operates on 13 acres of land and grows exotic fruit including Thai Guava, Sugar Apple, and Mamay. These fruits are sold wholesale under USDA throughout the nation including chain supermarkets such as Presidente and Windixie.
After running a successful operation for 6 years, the owners of Miracle Life are ready to expand to bigger lots and distribution channels utilizing their experience and network. The owners have merged into BlueFire Equipment via a friendly transaction, for 81% of its Preferred Class B shares for its control while the founders remained with 19%.
Being public, Miracle Life can utilize the capital markets alongside all the USDA benefits to greatly expand its operations and acquire synergistic companies to boost its growth that ultimately leads to overall shareholder value.
Technical Data
BLFR stock is trading above the 20-Day and 50-Day Moving averages of $0.04 and $0.0241 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.0152.
