Bed Bath & Beyond, Inc. Makes Additional $3 Million Convertible Debt Investment in GrainChain
Bed Bath & Beyond, Inc. (BBBY)
Last bed bath & beyond, inc. earnings: 4/15 04:15 pm
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Source: Business Wire
Growth at GrainChain and Bed Bath & Beyond’s Improving Efficiency Motivate Expanded Partnership MURRAY, Utah--(BUSINESS WIRE)--Bed Bath & Beyond, Inc. (NYSE:BBBY) today announced that it has made an additional $3 million investment in convertible notes in GrainChain, a leading agricultural technology and fintech company.“We continue to be extremely pleased with both the results and forward-thinking leadership at GrainChain. They have demonstrated consistent progress and growth,” said Marcus Lemonis, Executive Chairman of Bed Bath & Beyond, Inc. “While many people refer to the company as GrainChain, when I think about them, I think about Supply Chain. The possibilities are endless, and we want to prove that.”In addition to the investment, Bed Bath & Beyond, Inc. has separately engaged GrainChain to analyze its entire supply chain in order to improve efficiency, margin, and inventory turns. This engagement spans international and domestic sourcing, fulfillment of customer orders, and
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