MINNEAPOLIS, Nov. 13, 2019 – Ceres Global Ag Corp. (TSX: CRP) (“Ceres” or the “Corporation”) today announced its financial and operating results for the quarter ended September 30, 2019. All amounts are in U.S. currency unless otherwise noted.
“Q1 2020 marked a strong start to the 2020 fiscal year as we met both financial and growth-based targets for the quarter, demonstrating continued progress from the turnaround strategy we have been pursuing for the past several years,” said Robert Day, President and Chief Executive Officer of Ceres. “In addition to strong financial performance from our core business, the team made solid progress integrating the acquisition of Delmar Commodities and in collaborating with Steel Reef to ensure a smooth start to the Gateway Energy Terminal joint venture.”
“While market conditions have been challenging, due in part to rain and snow through most of harvest and continued uncertainty around international trade tariffs, efforts made around talent development and process improvement over the past several years have prepared us for this type of environment,” Mr. Day continued. “This is allowing us to consistently deliver on our customers’ needs and be true to our vision to be the most trusted and valued partner with quality-conscious customers.”