Calavo Growers Inc
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Consumer Staples : Food Products | Small Cap GrowthCompany profile

Calavo Growers, Inc. operates in the avocado industry. The Company provides value-added fresh food. The Company distributes its products both domestically and internationally and internationally. It operates in three business segments: Fresh products, Calavo Foods and Renaissance Food Group, LLC (RFG). The Company is engaged in marketing and distributing avocados, prepared avocados and other perishable foods, which allows it to deliver an array of fresh and prepared food products to food distributors, produce wholesalers, supermarkets, convenience stores and restaurants on a worldwide basis. The Company procures avocados principally from California and Mexico. Through its various operating facilities, the Company sorts, packs, and/or ripens avocados, tomatoes and/or Hawaiian grown papayas; processes and packages fresh cut fruit and vegetables, salads, wraps, sandwiches, fresh snacking products and a range of behind-the-glass deli items, and produces and packages guacamole and salsa.

Price
Delayed
$80.75
Day's Change
2.05 (2.60%)
Bid
--
Ask
--
B/A Size
--
Day's High
81.16
Day's Low
78.08
Volume
(Light)

Today's volume of 66,468 shares is on pace to be much lighter than CVGW's 10-day average volume of 219,299 shares.

66,468

UPDATE: Pot stocks surge after another state OKs recreational use; sector heads for 7th-straight gain

12:00 pm ET November 7, 2018 (MarketWatch)
Print

Shares of cannabis companies rallied in premarket trade Wednesday, putting the sector on track for a seventh-straight gain, after Michigan voters legalized the recreational use (http://www.marketwatch.com/story/arkansas-missouri-back-minimum-wage-hikes-as-michigan-embraces-recreational-use-of-marijuana-2018-11-07) of marijuana and other states legalized medical use, although South Dakota voted down recreational use. The ETFMG Alternative Harvest ETF (MJ) surged 2.2% ahead of the open, after running up 17% the past six sessions, all gains, leading up to the midterm elections (http://www.marketwatch.com/story/pot-stocks-rally-toward-sixth-straight-gain-ahead-of-midterm-elections-2018-11-06). Among some active shares of marijuana companies, Aurora Cannabis Inc. hiked up 3.8%, Canopy Growth Corp. (WEED.T) rose 3.8%, Cronos Group Inc. (CRON.T) climbed 5.5%, Tilray Inc. jumped 8.2% and New Age Beverages Corp. (NBEV) gained 4.5%. The ETFMG ETF has soared 29% over the past three months through Tuesday, while the Dow Jones Industrial Average has inched up less than 0.1%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

November 07, 2018 12:00 ET (17:00 GMT)

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