Mission Produce Inc T.AVO

Primary Symbol: AVO

Consumer Defensive Packaged Foods

Mission Produce, Inc. is engaged in the farming, packaging, marketing, and distribution of avocados to food retailers, distributors and produce wholesalers. It operates through three segments: Marketing and Distribution, International Farming, and Blueberries. Its Marketing and Distribution segment sources fruit from growers and then distributes the fruit through its global distribution network. Its International Farming segment owns and operates orchards from which all fruit produced is sold to its Marketing and Distribution segment. Its farming activities range from cultivating early-stage plantings to harvesting from mature trees. Its Blueberries segment is a farming operation that cultivates blueberry plants in Peru. It provides value-added services including ripening, bagging, custom packaging, logistical management, and quality assurance. The Company also provides its customers with merchandising and promotional support, insights on market trends and hands-on training.

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Mission Produce Inc

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Comment by abolduc3106on Jul 18, 2015 10:18am

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Post# 23937141

RE:RE:RE:Why did the buybacks stop

First off, the buyback hasn't stopped. If it had, Avigilon would have had to issue a PR to that effect.

Second, blackouts and other such rules that might prevent a buyback from continuing daily if the company was managing the process themselves typically don't apply when a company sets up an automatic repurchase plan like the one Avigilon has with Canaccord.

And yes, buyback rules allow for a buyback greater than the daily limit once per calendar week.

Canaccord is basically executing the buyback according to TSX rules and the agreement they made with Avigilon. Without knowledge of the details of the agreement, it's impossible to say why they might be buying back at some times and not at others.

You can find more info about TSX NCIB rules here::

https://tmx.complinet.com/en/display/display.html?rbid=2072&element_id=566&print=1

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