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Where Food Comes From, Inc. (WFCF)
Where Food Comes From, Inc. (d.b.a. IMI Global, Inc.) is a trusted resource for third party verification of food production practices. The company supports greater than 10,000 farmers, ranchers, processors, retailers, distributors, and restaurants with a broad assortment of value-added services by way of its IMI Global, International Certification Services, Validus Verification Services, and Sterling Solutions units. Where Food Comes From has its headquarters in Castle Rock, Colorado.
Moreover, the company's Where Food Comes From® retail and restaurant labeling program uses the verification of product attributes to connect consumers to the sources of the food they purchase via product labeling and web-based information sharing and education. Utilizing QR code technology, consumers can promptly access information as regards the producers behind their food.
Where Food Comes From has a solutions portfolio, which encompasses beef, pork, poultry, lamb, dairy, eggs, and organic. The company's solutions portfolio includes offerings ranging from source and age, non-hormone and humane handling to organic, non-GMO and gluten free.
The company's Sterling Solutions is a foremost provider of third-party verification services in the western U.S. Sterling Solutions serves large dairies, calf ranches, and cattle operations. It has more than ten years of on-farm auditing experience. It operates as a wholly-owned subsidiary of Where Food Comes From.
Where Food Comes From's Validus Verification Services is a leader in independent certification of socially responsible production practices covering pork, poultry, and dairy products. Validus Verification Services is a wholly-owned subsidiary of the company.
Recently, Where Food Comes From announced it acquired for cash and stock a 60 percent interest in privately held SureHarvest, Inc. SureHarvest is a top provider of agri-food sustainability solutions. The transaction was valued at roughly $2.8 million. This includes $1.1 million in cash and 850,852 shares of Where Food Comes From common stock.
Also, the company has right of first refusal on the remaining 40 percent interest in SureHarvest. SureHarvest provides a broad spectrum of sustainability and farming MIS solutions, certification and compliance management, and a host of professional services.
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