Enlightify Inc. cancels $49 million acquisition of Lonestar Dream Inc., emphasizing focus on fertilizer segments.

From Yahoo Finance: 2025-06-25 19:23:00

Enlightify Inc. (ENFY) has canceled its $49 million acquisition of Lonestar Dream Inc. due to a Mutual Rescission Agreement with Mr. Zhibiao Pan. ENFY had already paid $9.95 million, which Mr. Pan must return within 180 days, waiving any future claims.

ENFY aims to maintain capital flexibility and reduce non-core exposure amid market volatility. The company will continue with its existing segments, focusing on its fertilizer segments in China to stabilize farming supply chains in the region. ENFY remains one of the best fertilizer stocks to buy.

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Read more: Enlightify Inc. (ENFY) Cancels Acquisition of Lonestar Dream Inc.