RICEBRAN TECHNOLOGIES (NASDAQ:RIBT) Files An 8-K Other Events

On July 3, 2019, RiceBran Technologies (the “Company”) filed a complaint in the United States District Court for the Eastern District of Arkansas against Golden Ridge Rice Mills, LLC (“Golden Ridge”), Wayne Wilkinson and Wendy Wilkinson, among others (collectively, the “Sellers”), in connection with the acquisition of Golden Ridge by the Company on November 28, 2018. RBT is seeking damages from the Sellers relating to payments owed by Sellers to the Company as a result of Golden Ridge’s net working capital deficit calculated as of the closing date of the acquisition and seeking recovery against the escrow account established in connection with the acquisition. The Company is also seeking unspecified damages for other claims including Sellers’ breach of contract matters.

About RICEBRAN TECHNOLOGIES (NASDAQ:RIBT)

RiceBran Technologies is a human food ingredient, functional food ingredient, packaged functional food and animal nutrition company. The Company is focused on processing and marketing of nutrient dense products derived from raw rice, an underutilized by-product of the rice milling industry. The Company has two operating segments. The USA segment manufactures and distributes stabilized rice bran (SRB) (for human food ingredient and animal nutrition customers) and derivative products. The Brazil segment extracts crude rice bran oil (RBO) and defatted rice bran (DRB) from rice bran, which are then further processed into fully refined rice bran oil for sale internationally and in Brazil, compounded animal nutrition products for horses, cows, swine, sheep and poultry and a range of human food and animal nutrition products. The Brazil segment consists of the operations of Nutra S.A. LLC subsidiary, whose only operating subsidiary is Industria Riograndens De Oleos Vegetais Ltda. (Irgovel).