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Sadot Group Inc. Announces New Subsidiary, Sadot Canada, Initiates First Commodity Trades
FORT WORTH, TX / ACCESSWIRE / September 12, 2024 — Sadot Group Inc. (NASDAQ:SDOT) has announced that its new Canadian subsidiary, Sadot Canada Inc., has initiated its first trades. These transactions involve products originating from Canada and Brazil and selling to India, Algeria, Morocco, and Canada. This development is seen as a significant milestone for the company’s global operations.
According to CEO Michael Roper, these initial trades are part of Sadot's growth strategy, diversifying the commodities the company trades, including sesame seeds, red and green lentils, chickpeas, and yellow and green peas. The collaboration between Sadot Brazil and Sadot Canada is expected to generate new trade flows.
Sadot's platform aims to offer innovative solutions by leveraging its global reach and local expertise. It aims to meet the global demand for food by providing a wider range of commodities from multiple key origins and extensive distribution capabilities. Sadot Canada, based in Toronto and managed by David Hanna, was established in June 2024 to build origination capabilities and logistics for exporting commodities.
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