As of May 26, 2019, the Company consolidated the sale of it\’s GreenLine green bean food service products to the Eat Smart brand. The shift away from the GreenLine brand will result in a non-cash impairment charge of $2.0 million during the fiscal quarter ending May 26, 2019. The Company does not expect this action to result in any cash expenditures.

(d) Exhibit.

The following exhibits are furnished as part of this report:

LANDEC CORP \CA\ Exhibit
EX-99.1 2 a20190702exhibit991.htm EXHIBIT 99.1 Exhibit Jul 1,…
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About LANDEC CORPORATION (NASDAQ:LNDC)

Landec Corporation designs, develops, manufactures and sells a range of health and wellness products for food and biomaterials markets. The Company licenses technology applications to partners. The Company operates through three segments: Packaged Fresh Vegetables, Food Export and Biomaterials. The Packaged Fresh Vegetables segment markets and packs specialty packaged whole and fresh-cut fruit and vegetables, the majority of which incorporate the BreatheWay specialty packaging for the retail grocery, club store and food services industry. The Food Export segment is engaged in the purchase and sale of whole commodity fruit and vegetable products primarily to Asia. The Biomaterials segment sells products utilizing hyaluronan, a polysaccharide that is distributed in the extracellular matrix of connective tissues in both animals and humans, and non-hyaluronan (HA) products for medical use primarily in the ophthalmic, orthopedic and other markets.