Enlightify Inc. (ENFY) Cancels Acquisition of Lonestar Dream Inc.

Enlightify Inc. (NYSE:ENFY) is one of the 7 Best Fertilizer Stocks to Buy According to Hedge Funds.

Enlightify Inc. (ENFY) Cancels Acquisition of Lonestar Dream Inc.

A farmer carrying a bag of fertilized over his shoulder signifying the fertilizers the company produces.

On June 18, 2025, Enlightify terminated its $49 million acquisition of Lonestar Dream Inc. The termination was carried out through a Mutual Rescission Agreement with Mr. Zhibiao Pan. Under the cancelled agreement, ENFY had already paid $9.95 million, which Mr. Pan is required to return within 180 days, along with waiving any future claims.

Under this new development, Enlightify Inc. (NYSE:ENFY) aims to retain its capital flexibility and reduce non-core exposure, especially amid the ongoing volatility in the broader agricultural input market.

The company moves ahead with its existing four segments, with its fertilizer segments in China playing a key role in providing input stability for farming supply chains in the region. The company operates in the U.S. and China, well-focused on the production of fertilizers and other agricultural products. Enlightify Inc. (NYSE:ENFY) is one of the best fertilizer stocks to buy right now.

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Disclosure: None.