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Benzinga
Benzinga
Business
Akanksha Bakshi

JanOne Subsidiary Gets $1.6M Recycling Contract In Virginia, North Carolina

  • JanOne Inc (NASDAQ:JAN) subsidiary ARCA Recycling, Inc. has received a contract to provide appliance recycling services to customers of a major electric utility in Virginia and North Carolina.
  • The total value of the contract awarded is estimated to be ~$1.6 million.
  • The program will run through 2023 and encourages the early retirement of low-efficiency refrigerators and freezers.
  • Appliances collected will be recycled at ARCA Recycling's regional recycling center in the Northeastern U.S.
  • Price Action: JAN shares are trading lower by 5.39% at $3.86 on the last check Thursday.
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