Nocera agrees to buy 229 acres in Alabama for fish farm; expects up to $10M revenue boost

NOCERA, INC.

Purchase price $865K plus $10K deposit; closing expected by Oct 31, 2022, subject to financing.
Land in Montgomery, AL includes house, manufactured home, and building site with utilities.
Company plans to build Recirculating Aquaculture Systems (RAS) for sustainable fish farming.
Press release states acquisition could increase revenues by up to $10M with $7M gross profit potential.
CEO Jeff Cheng says this is Nocera's first US fish farm entry, citing skilled labor access.

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