On Thursday, Shares of Amyris Inc (NASDAQ:AMRS), added 5.86% and closed at $0.815 in the last trading session. The last trading range of the stock ranges between $0.79 and $1.03. Amyris, Inc. (AMRS), the industrial bioscience company, recently declared that it has executed a Memorandum of Understanding for a transformative planned partnershipwith a partner that is a leader in food ingredients and nutraceuticals. Upon required approval and execution of definitive agreements with this new partner, Amyris anticipates to receive cash representing a short-term partnershipinvestment of $10 million, an equity investment of up to $20 million at $1.40 per share, $100 million in annual revenue starting in 2017 connected to the production and cost improvement of fermentation molecules, and participation in the partner’s industrial fermentation facilities in Asia.
This relationship follows a series of noteworthypartnerships Amyris has declared in recent months, counting a partnership with a separate company in the nutraceuticals space that was declared on September 30, 2016.
“We’re very happy with the opportunity to partner with one of the leading nutraceutical and food ingredient suppliers in the world. Our current annual revenue run rate of over $100 million combined with the $100 million of annual revenue we expect from this partnership starting in 2017, should assist us deliver stronger than expected growth in 2017 and beyond,” said John Melo, Amyris President & CEO.
Vereit Inc (NYSE:VER), dropped -0.83% and closed at $9.52 in the last trading session. The last trading range of the stock ranges between $9.51 and $9.84. The company’s Market capitalization is $9.14 Billion with the total Outstanding Shares of 965.19 million. VEREIT is a leading, full-service real estate operating company with investment administration capability. VEREIT owns and actively manages a diversified portfolio of retail, restaurant, office and industrial real estate assets with a total asset book value of $17.4 billion counting 4,291 properties totaling about 98.2 million square feet. In Addition To, VEREIT manages $7.0 billion of gross real estate investments on behalf of the Cole Capital® non-listed REITs. VEREIT is a publicly traded Maryland corporation listed on the New York Stock Exchange.
Plains GP Holdings LP (NYSE:PAGP), lost -0.15% and closed at $13.45 in the last trading session. The last trading range of the stock ranges between $13.12 and $13.54. During the 52-week trading session the minimum price at which share price traded, registered at $4.72 and reached to max level of $19.11. An audio replay in MP3 format will be available within two hours after the end of the call. A transcript will also be available after the call at the above referenced website.
Plains All American Pipeline, L.P. is a publicly traded master limited partnership that owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids (“NGL”), natural gas and refined products. PAA owns an extensive network of pipeline transportation, terminalling, storage and gathering assets in key crude oil and NGL producing basins and transportation corridors and at major market hubs in the United States and Canada. On average, PAA handles over 4.6 million barrels per day of crude oil and NGL in its Transportation segment. PAA is headquartered in Houston, Texas.