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Calyxt Announces High Oleic Soybean Seed Sales Agreement with Perdue AgriBusiness


Calyxt Announces High Oleic Soybean Seed Sales Agreement with Perdue AgriBusiness
ROSEVILLE, MN / ACCESSWIRE / February 23, 2021 /
Calyxt, Inc
. (NASDAQ:CLXT), a plant-based technology company, announced today that it has signed a non-exclusive seed distribution agreement with Perdue AgriBusiness, an independent operating company of Perdue Farms. Per the terms of the agreement, Perdue AgriBusiness will buy seed starting in the 2021 planting season.
Under the seed distribution agreement, Perdue AgriBusiness will contract with growers for grain production and processing under an identity preservation process. Perdue will contract directly with farmers for the 2021 high-oleic soybean growing season, which was previously done by Calyxt from 2017 to 2020. ....

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