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Terra Flowers DBA Sole Farms reports 5.08% passive stake in FTD Companies

Terra Flowers DBA Sole Farms reports 5.08% passive stake in FTD Companies

This information is derived solely from the Schedule 13G of Terra Flowers, LLC, Herbert Jordan and Mauricio Jaramillo filed April 29, 2019. According to the Schedule 13G, Mr. Jaramillo holds shared voting and dispositive power with Terra Flowers, LLC and Mr. Jordan with respect to 1,099,280 shares and sole voting and dispositive power with respect to 339,738 shares. The address for each of Terra Flowers, LLC, Mr. Jaramillo and Mr. Jordan is 800 NW 62 Avenue, Suite 510, Miami, Florida 33126.

source: Thefly.com

WOW WOW WOW! This is really big floral news. I was hoping for someone in the business to pick up FTD and run with it. Sole Farms has just added new life to this struggling old, wonderful brand.

Mr Jordan and Mr Jaramillo know the flower business and have a larger influence than many are aware via their various floral enterprises.

Whether you like FTD or not, I think many retailers should breath a sigh of relief after reading this news.

Here is a link to who owns FTD per their SEC filing.

You heard it first here on Flowersandcents.com! Thank you for reading.

Williee Armellini
Editor: Flowersandcents.com
williee@flowersandcents.comh

2 Comments

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    following the action at .82

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    This news has my phone ringing as many want to know what this means. Truth is I have no idea other than to speculate. Sole would not have invested this amount of money if FTD was going into bankruptcy.
    FTD going out of business would not have been good for the industry in my opinion so this olive branch might be the stick they needed to move forward.

    williee

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