RiceBran Technologies announced the initiation of a significant capacity expansion of the Company's MGI Grain Incorporated ("MGI") facility in East Grand Forks, Minnesota. The expansion is expected to double the capacity of the pearling mill, enabling RiceBran to meet growing demand for North American-sourced, grain-based ingredients and with a minimal capital investment and a limited increase in labor. The project will replace one of the mill's main grain de-hullers with a new de-huller/pearler; more than doubling the plant's production capacity.

In addition to the new huller, MGI will support increased throughput and quality with the addition of a color sorter, as well as enhancements to the mill's grain receiving, cleaning and conveyance systems. The project, which is being executed by a trusted contractor and RiceBran's own internal engineering team, is deployed in a manner that minimizes disruption to the mill's daily operations. The investments, which totaled less than half-a-million dollars, are expected to be completed in mid-summer 2022.