JanOne Sells ARCA Recycling to Focus on Growing BioPharm Businesses

(24/7 MARKET NEWS) – JanOne (NASDAQ: JAN) stated, this morning, that it entered into a Stock Purchase Agreement with VM7, a Delaware corporation, under which VM7 agreed to acquire all of the outstanding equity interests of its ARCA Recycling businesses.

JanOne is trading at $1.39, up $0.86 (+13.14%), on 880 thousand premarket shares.

Its 52-week trading range is $1.10 to $5.00. Its next key resistance level is its 2023 high of $1.82.

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