05:15 PM EST, 01/16/2025 (MT Newswires) -- Sucro ( SUGRF ) after close of trade Thursday said a subsidiary agreed to buy a property adjoining Sucro's ( SUGRF ) cane sugar refinery development near Chicago from a related party for US$1.04 million.

The company said the purchase price includes the assumption of a mortgage, as well as cash.

The vendor of the property is MB Central-Bond LLC, a company in which Matthew Dyer, Sucro's ( SUGRF ) Vice President of U.S. Sales, is the controlling shareholder.

Sucro ( SUGRF ) shares closed up $0.19 to $11.69 on the TSX Venture Exchange.