Lendway Announces Acquisition of Bloomia [Yahoo! Finance]
Lendway, Inc. (LDWY)
Company Research
Source: Yahoo! Finance
MINNEAPOLIS, MN / ACCESSWIRE / February 26, 2024 / Lendway, Inc. (Nasdaq:LDWY) ( www.lendway.com ), today announced the closing of its acquisition of a majority ownership interest in Bloomia B.V. ( www.bloomia.com ), one of the largest producers of fresh cut tulips in the United States. With this transaction, Lendway broadens its mandate to be a specialty ag and finance company and accelerates its pathway to long-term growth. Originally founded in the Netherlands with an innovative spirit, Bloomia has grown to become a leader in the fresh cut tulip industry, nurturing over 75 million stems annually. Bloomia operates from three strategically positioned locations in the United States, Netherlands, and South Africa and a strategic partnership in Chile and has established thriving relationships with numerous prominent U.S. retailers. Lendway's subsidiary, Tulp 24.1, LLC acquired 100% of the ownership interests of Bloomia for approximately $47.5 million cash. Lendway now holds an 81.4
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News
- Lendway, Inc. Names Elizabeth McShane as Chief Financial Officer [Yahoo! Finance]Yahoo! Finance
- Lendway, Inc. Names Elizabeth McShane as Chief Financial OfficerAccesswire
- Lendway, Inc. Announces Fourth Quarter And Full Year 2023 Financial Results [Yahoo! Finance]Yahoo! Finance
- Lendway, Inc. Announces Fourth Quarter And Full Year 2023 Financial ResultsAccesswire
- Lendway Announces Acquisition of BloomiaAccesswire
LDWY
Sec Filings
- 5/6/24 - Form 8-K
- 4/29/24 - Form 10-K/A
- 4/2/24 - Form 4
- LDWY's page on the SEC website