May 14, 2013
Special Crops Division Delivers Strong Quarter for EBITDA and Cash Flow As Pacific Coast Canola Prepares for Full Production
Legumex Walker Inc. (TSX: LWP) (the "Company") today reported its financial results for the three months ended March 31, 2013. All figures are in Canadian dollars unless otherwise stated.
May 1, 2013
Company to report results after market close on May 14, 2013
Legumex Walker Inc. (TSX: LWP) (the "Company") today announced that it will host a conference call on Wednesday, May 15, 2013 at 8:30 a.m. ET to discuss its first quarter financial results. The Company expects to report its financial results after market close on May 14, 2013.
April 26, 2013
Legumex Walker Inc. ("LWI" or the "Company") (LWP: TSX) today announced that its board of directors (the "Board") has adopted a by-law which will amend the Company's general by-law and which will introduce an advance notice requirement in connection with shareholders intending to nominate directors in certain circumstances (the "By-Law").
March 20, 2013
2012 Marked by Significant Investment and Fundamental Transformation to Diverse Special Crops and Canola Oil Company With Significantly Expanded Earnings Potential
Legumex Walker Inc. (TSX: LWP) (the "Company") today reported its financial results for the three months and twelve months ended December 31, 2012. All figures are in Canadian dollars unless otherwise stated.
March 7, 2013
Company to report results after market close on March 20, 2013
Legumex Walker Inc. (TSX: LWP) (the "Company") today announced that it will host a conference call on Thursday, March 21, 2013 at 8:30 a.m. ET to discuss its fourth quarter and year-end financial results. The Company expects to report its financial results after market close on March 20, 2013.
January 8, 2013
PCC Now Focused on Ramping Up Production to Full Capacity
Legumex Walker Inc. (TSX: LWP) (the "Company") today announced the Pacific Coast Canola (PCC) oilseed processing facility in Warden, Washington commenced production and completed its first sale and shipment of canola oil and meal during the final week of December 2012.
December 27, 2012
Company Preparing to Begin Commercial Production
Legumex Walker Inc. (TSX: LWP) (the "Company") today announced that the operating team at the Pacific Coast Canola (PCC) processing facility has successfully completed the commissioning of the crushing equipment and is commencing the start-up of the plant for commercial production.
November 13, 2012
Third quarter marked by a key acquisition, a strengthening balance sheet, and the evolution of our corporate structure in preparation for the canola processing facility coming online in 2013
Legumex Walker Inc. (TSX: LWP) (the "Company") today reported its financial results for the three months and nine months ended September 30, 2012.
November 5, 2012
Company to report results before market open on November 14, 2012
Legumex Walker Inc. (TSX: LWP) (the "Company") today announced that it will host a conference call on Wednesday, November 14, 2012 at 8:30 a.m. ET to discuss its third quarter financial results. The Company expects to report its financial results prior to market open the same day.
October 25, 2012
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Legumex Walker Inc. (TSX:LWP) ("Legumex Walker") today announced it has closed its previously announced bought deal offering made through a syndicate of underwriters led by Cormark Securities Inc., and including CIBC World Markets Inc., Laurentian Bank Securities Inc., Raymond James Ltd. and HSBC Securities (Canada) Inc. (the "Underwriters"). Under the Offering, the Company issued 1,942,000 of its common shares (the "Shares") to the Underwriters at a purchase price of $7.75 per Share (the "Offering Price") for gross proceeds of $15,050,500.
October 3, 2012
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Legumex Walker, Inc. (TSX:LWP) ("Legumex Walker") is pleased to announce that it has amended the terms of its previously announced bought deal financing to increase the size of the offering from approximately $13.5 million to approximately $15.1 million. Under the amended terms of the offering, a syndicate of underwriters led by Cormark Securities Inc. and including CIBC World Markets Inc., Laurentian Bank Securities Inc., Raymond James Ltd. and HSBC Securities Inc. (collectively, the "Underwriters") have agreed to purchase, on a bought deal basis, 1,942,000 common shares (the "Shares") of Legumex Walker at a purchase price of $7.75 per Share (the "Offering Price"), for aggregate gross proceeds in the amount of $15,050,500 (the "Offering").
October 2, 2012
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
- Legumex Walker, Inc. (TSX:LWP) ("Legumex Walker") is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Cormark Securities Inc., and including CIBC World Markets Inc., Laurentian Bank Securities Inc., Raymond James Ltd. and HSBC Securities Inc. (the "Underwriters"), which have agreed to purchase, on a bought deal basis, 1,742,000 common shares (the "Shares") of Legumex Walker at a purchase price of $7.75 per Share (the "Offering Price"), for aggregate gross proceeds in the amount of $13,500,500 (the "Offering").
October 1, 2012
Acquisition of Canada's Largest Sunflower Processer/Marketer Significantly Strengthens Position in Bakery Ingredient Market
Legumex Walker Inc. (TSX: LWP), today announced that it has completed the acquisition of Keystone Grain Ltd. ("Keystone"), a leading Manitoba-based processor and marketer of sunflowers, flax, specialty crops and organic commodities for $1.28 million in cash and 587,437 in its common shares. In addition, the Keystone vendors received 660,000 warrants at $9.50 per share, which expire two years from the date of closing of the transaction. The acquisition included $4.0 million in working capital at Keystone and the assumption of $4.8 million in Keystone long-term debt, as adjusted for debt assumed by the vendors.
September 24, 2012
Winnipeg, MB (September 24, 2012) - Legumex Walker Inc. (TSX: LWP), today provided an update on its previously announced acquisition of Keystone Grain Ltd. ("Keystone"),a leading Manitoba-based processor and marketer of sunflowers, flax, specialty crops and organic commodities.
August 28, 2012
Legumex Walker Inc. (TSX: LWP) today announced that Anthony Kulbacki has been promoted to Chief Operating Officer of its Special Crops Division and David Carefoot has been appointed Chief Financial Officer, filling the vacancy left by Mr. Kulbacki's promotion.
August 27, 2012
Acquisition of Canada's Largest Sunflower Processer/Marketer Significantly Strengthens Position in Bakery Ingredient Market
Legumex Walker Inc. (TSX: LWP) today announced it has entered into a letter of intent with Keystone Grain Ltd. ("Keystone"), a leading Manitoba-based processor and marketer of sunflowers, flax, specialty crops and organic commodities, under which Legumex Walker will purchase all of the outstanding shares of Keystone. Pending the completion of the acquisition, the two companies have agreed to coordinate the sourcing of feedstock and selling of products. Keystone is Canada's largest processor and marketer of sunflowers and sunflower products.
August 21, 2012
PCC Will Benefit from Access to CHS' Extensive Relationships with the World's Largest Food Processors
Legumex Walker Inc. (TSX: LWP), today announced that its 85%-owned subsidiary, Pacific Coast Canola (PCC), has expanded its previously existing agreement with CHS Inc., for the procurement of canola oilseed and off-take of canola meal to include the sales of canola oil products produced at the PCC canola processing facility in Warden, Washington. The facility, which is the first commercial-scale canola processing operation west of the Rocky Mountains and the largest expeller pressed canola processing facility in North America, is scheduled to commence start-up operations in the first quarter of 2013.
August 14, 2012
Market Conditions for Special Crops Improving as Company Prepares to Commence Canola Processing Operations Early Next Year
Legumex Walker Inc. (TSX: LWP) (the "Company") today reported its financial results for the three months and six months ended June 30, 2012.
August 2, 2012
Company to report results before market open on August 14, 2012
Legumex Walker Inc. (TSX: LWP) (the "Company") today announced that it will host a conference call on Tuesday, August 14, 2012 at 8:30 a.m. ET to discuss its second quarter financial results. The Company expects to report its financial results prior to market open the same day.
A live audio webcast of the conference call will be available http://www.legumexwalker.com/investors-presentations.php. Please connect at least 15 minutes prior to the conference call to ensure adequate time for any software download that may be required to join the webcast.
July 12, 2012
Construction Remains on Schedule / Strong Demand for Canola Oil Driving Record Seedings
Legumex Walker Inc. (TSX: LWP), today provided an update on preparations for start-up of the Pacific Coast Canola (PCC) crushing facility. Construction of the facility, the first commercial-scale canola crushing operation west of the Rocky Mountains, remains on schedule, with the facility expected to commence commercial operations in the first quarter of 2013.
"The commencement of canola processing at the PCC facility early next year will be a transformational milestone for our Company," said Joel Horn, president and chief executive officer, Legumex Walker Inc., which has an 85% ownership interest in PCC. "The addition of the canola crushing operations will significantly increase the scale of our business, effectively doubling our existing capacity. Moreover, the addition of canola oil and meal to our product offerings is expected to meaningfully expand our margins."
Wednesday June 20, at 10:00 A.M. (ET)
June 15, 2012 Legumex Walker Inc. (TSX: LWP) (the "Company") today announced that it will host it's Annual General Meeting on Wednesday, June 20, 2012 at 10:00 a.m. ET via a live audio webcast.
The webcast will be available at http://legumexwalker.com/investors-presentations.php. Please connect at least 15 minutes prior to the meeting to ensure adequate time for any software download that may be required to join the webcast. To access the archived please visit http://www.legumexwalker.com/
May 14, 2012
Quarter Marked by Consistent Gross Margins, Strategic Acquisitions, and Continued Progress on Capacity Optimization
Legumex Walker Inc. (TSX: LWP) (the "Company") today reported its financial results for the first quarter 2012. All figures are in Canadian dollars unless otherwise stated.
May 14, 2012
Legumex Walker Inc. (TSX: LWP) (the "Company") today announced that Bruce A. Scherr, has been appointed as independent Chairman of the Board of Directors, effective immediately. Dr. Scherr, who has served as Director of the Company since its initial public offering in June 2011, succeeds David Walker, founder of Legumex Walker's predecessor company, Walker Seeds Limited, who is retiring from the special crops processing industry following a 30-plus year career.
May 2, 2012
Company expects to report results before market open on May 14, 2012
Legumex Walker Inc. (TSX: LWP) (the "Company") today announced that it will host a conference call on Monday, May 14, 2012 at 8:30 a.m. ET to discuss its first-quarter financial results. The company expects to report its financial results prior to market open the day of the call.
May 1, 2012
Transaction reflects progress in achieving strategic objectives
Legumex Walker Inc. (TSX: LWP) (the "Company") today announced that it has sold its 20 percent stake in Blue Hills Processors (2003) Ltd. ("BHPL") to BHPL's majority owner for total gross proceeds of $1.8 million. The sale represents a significant milestone in the Company's initiative to optimize its wholly?owned processing capacity following the combination of the Roy Legumex Group of Companies and Walker Seeds Ltd. to form Legumex Walker in July, 2011.
March 29, 2012
Company Achieves Strong Progress on Strategic Initiatives
Legumex Walker Inc. (TSX: LWP) (the "Company") today reported its financial results for 2011. As the Company was established on July 14, 2011, its financial results for the year reflect operations for the Special Crops Division beginning July 14, 2011 and ending December 31, 2011 (171 days).
March 23, 2012
Company expects to report results before market open March 29, 2012
Legumex Walker Inc. (TSX: LWP) (the "Company") today announced that it will host a conference call on Thursday, March 29, 2012 at 8:30 a.m. ET to discuss its fourth-quarter & year-end financial results. The company expects to report its financial results prior to market open the day of the call.
March 6, 2012
New Hire Ken Scheuer Brings Two Decades of Canola Processing Experience
Pacific Coast Canola, a subsidiary of Legumex Walker Inc. (TSX: LWP), announced today that it has appointed Ken Scheuer to the position of Plant Manager of the Company's canola crushing plant, which is currently under construction in Warden, Washington. Mr. Scheuer will assume his duties with the Company effective March 19, 2012.
February 29, 2012
Investment marks first processing facility outside of North America
Legumex Walker Inc. (TSX: LWP) announced today that it has commenced bean processing operations at its facility in Tianjin, China. The processing operation - with a capacity of 10,000 MT per year - was established at an existing Legumex Walker logistics and distribution location and is the Company's first processing facility outside of North America. The operation is doing business under the name of Legumex Walker (Tianjin) International Trading Ltd.
February 15, 2012
Acquisition of one of the U.S.'s largest bean processors more than doubles dry bean capacity
Purchase of sunflower processing assets adds dehulling capability
Legumex Walker Inc. (TSX: LWP) today announced two acquisitions. The first acquisition is Minnesota-based St. Hilaire Seed Company, one of the largest dry bean processors in the United States. The Company paid USD$12,000,000 in cash and stock for 100 percent of the business of St. Hilaire, including approximately USD$3.5 million in net working capital, and refinanced approximately USD$2.5 million in St. Hilaire long-term debt. The 2011 Adjusted EBITDA of St. Hilaire Seeds was approximately USD$3.7 million.
February 1, 2012
Vice Presidents for Sales & Marketing, Sourcing Join Management Team
Pacific Coast Canola, a subsidiary of Legumex Walker Inc. (TSX: LWP), announced today the appointment of two members of its senior management team. R. Bruce McTavish has been named vice president of sales and marketing and Stephen L. Starr has joined the company as vice president of seed procurement. McTavish will join the company on February 1st and Starr assumed his duties with the company at the end of 2011.
January 26, 2012
Facility to support working capital and strategic growth initiatives
Legumex Walker Inc. (TSX: LWP) announced that it has entered into agreements for a new combined $107 million secured credit facility with HSBC Bank Canada and Farm Credit Canada. The new credit facility will support working capital and potential future acquisitions consistent with the Company's stated growth strategy.
December 21, 2011
Construction on Schedule, Company Looks to Make First Hires
Pacific Coast Canola, a subsidiary of Legumex Walker Inc. (TSX: LWP), announced today that it has begun hiring for its canola crushing plant currently under construction in Warden, WA.
November 14, 2011
Quarter Highlighted by Significant Progress on Integration of Merged Companies
Legumex Walker Inc. (TSX: LWP) (the "Company") today reported its financial results for the quarter ended September 30, 2011. As the Company completed the acquisitions of the Roy Legumex Group of Companies and Walker Seeds Ltd. on July 14, 2011, its financial results for the third quarter of 2011 reflect 79 days of operations for the Special Crops Division beginning July 14, 2011 and ending September 30, 2011.
To view the third quarter 2011 Financial Statements and MD&A, click here.
November 10, 2011
Company expects to report results on Monday, November 14, after market close
Legumex Walker Inc. (TSX: LWP) (the "Company") today announced that it will host a conference call on Tuesday, November 15, 2011 at 1:00 p.m. ET to discuss its third-quarter financial results. The company expects to report its financial results on Monday, November 14, 2011 after market close.
September 21, 2011
Facility could create annual demand for as much as $200 million in new canola production
Pacific Coast Canola, a subsidiary of Legumex Walker Inc. (TSX: LWP), today held a groundbreaking ceremony in Warden to mark the start of construction of a new canola oilseed processing plant. At the ceremony, Pacific Coast Canola officials estimated that the new plant could create annual demand for as much as $200 million dollars in new canola seed purchases...
August 12, 2011
Legumex Walker Inc. (TSX: LWP) (the "Company") filed today its financial statements for the second quarter of 2011. The financial statements are for the period of April 20, 2011 (the date of its formation) to June 30, 2011....
July 18, 2011
Washington State to be site of new Pacific Coast Canola facility
Legumex Walker Inc. (TSX: LWP) announced today that it has given notice to proceed for construction of its 10th production facility, a canola oilseed processing plant. The new facility, the company's first in the United States, will be located in Warden, WA and will produce expeller-pressed canola oil and high-quality canola meal...