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Why Marrone Bio Innovations Stock Rose 12% Today

Howard Smith, The Motley Fool
·2 min read
Why Marrone Bio Innovations Stock Rose 12% Today
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The agricultural provider of sustainable bioprotection and plant health solutions said today it filed a $90 million shelf registration statement to potentially sell various securities over a three-year period. The proceeds would be used to give Marrone Bio more flexibility to finance future business opportunities, the company said in a statement. The company's biological solutions are used in the fast-growing sustainable agriculture segment to protect plants from diseases, insects, and weeds, promote plant health, and enhance water and nutrient efficiency.