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Water Ways’ Canadian subsidiary increased its 2024 order backlog to over $3.2M

Agriculture, Market News
TSXV:WWT
01 February 2024 04:15 (EST)

Source: Water Ways Technologies Inc.

Water Ways Technologies’ (TSXV:WWT) Canadian subsidiary has significantly increased Its 2024 order backlog to over C$3.2 million.

Following the news, Water Ways’ stock was up 16.67 per cent by Wednesday’s close and moved almost 15 per cent higher in early Thursday trading.

Based in Mt. Brydges Ontario, the subsidiary, Heartnut Grove WWT Inc., is working with orders for agricultural, irrigation supplies, and irrigation projects. They are on hand and are to be delivered in Q1 and Q2 2024.

In a news release, Water Ways Chairman and Chief Executive Officer Ohad Haber said, “Our business in North America is improving. We have targeted new clients and new projects which will substantiate our business objective to focus on the North American market.”

Water Ways is a global provider of Israeli-based agriculture technology company that provides water irrigation solutions to agricultural producers.

Water Ways Technologies Inc. opened trading at $0.040 per share.

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