Attis Industries’ Acquired Corn Ethanol Plant Expected to Generate Approximately $150 Million in Revenue
ATTIS INDUSTRIES INC COMMON (ATIS)
US:NASDAQ Investor Relations:
ir.attisind.com
Company Research
Source: GlobeNewswire
Appraised Asset Value of $57 Million; Strategic Plan Over the Next Two Years to Build Premier Green Tech CampusMILTON, GA, June 04, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Attis Industries Inc. (NASDAQ: ATIS) (the "Company" or "Attis"), a diversified innovation and technology holding company, is pleased to announce that its recently acquired corn ethanol plant in Fulton, NY is expected to generate over $150 million in revenue under its current operating conditions. This corn ethanol plant is just the base platform for the Company’s strategic plan to develop a state-of-the-art green tech campus in Fulton, NY. On June 3rd, Attis announced it had finalized the $20 million purchase of Sunoco LP’s nameplate 100 million gallon per year corn ethanol plant and grain malting operation in Fulton, NY. The acquisition provides the Company with an operational asset that produces revenue immediately and will be the centerpiece of its proposed green tech campus. In addition to the
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