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Business
Anushka Dutta

BIZARRE: Is ricebran technologies a worthwhile stock to invest in | Mind Blowing Facts

Specialty ingredient company RiceBran Technologies (RIBT) in Scottsdale, Ariz., produces, processes, and markets value-added and natural nutrient-dense products derived from rice and other small grains. The company engages in transforming raw rice bran into stabilized rice bran (SRB) and high-value derivative products.

Recently, RIBT announced plans to double the capacity of its pearling mill at its MGI Grain Inc. facility in East Grand Forks, Minn., with the goal of meeting the growing demand for North American-sourced grain-based ingredients. The company reported spending less than $500,000 on the upgrades, which are expected to be completed later this summer season.

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