Scope Carbon Announces Letter of Intent to Acquire Farm Flight, Inc.

April 27, 2023

Scope Carbon Corp. entered into a non-binding letter of intent to acquire Tempe-based Farm Flight, Inc. in an all-share transaction valued at approximately USD $14.5 million. The deal is intended to combine Scope's AI-driven carbon/image analysis capabilities with Farm Flight's image-based crop data and analytics to expand Scope's services into the U.S. agricultural sector and accelerate revenue growth.

Buyers
Scope Carbon Corp.
Targets
Farm Flight, Inc.
Industry
Agriculture
Location
Arizona, United States
Transaction Type
Buyout

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