According to filings with the U.S. Securities and Exchange Commission, Premium Peanut is raising $16,250,000.00 in new funding. Sources indicate that as part of senior management Chief Financial Officer, Marshall Spivey played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Premium Peanut
Premium Peanut is a grower-owned peanut shelling company that supplies peanuts to manufacturers around the globe. Headquartered in Douglas, Georgia, Premium Peanut operates the single largest peanut shelling facility in the world, sourcing peanuts from Georgia and South Carolina farmers. The company is currently in the process of building a new specialty shelling facility in Santee, South Carolina, which should be operational in late 2023. Today the company produces raw shelled peanuts for the edible market, peanut seed, and peanut oil. Premium Peanuts mission is to produce the highest quality products for its customers, while maximizing the value of each peanut through operational innovations and excellence. It is committed to doing this by investing in research and technology, partnering with research institutions, technical colleges, and others in its efforts to enhance the operation. The company maintains the highest food safety ratings and has consistently demonstrated positive results and returns for the shareholders. Since its inception in 2014, Premium Peanut has been able to create more value for its grower-owners by delivering over $54 million in dividends back to them. Premium Peanut is also dedicated to being an engaged corporate partner in the rural communities in which our facilities are located.

To learn more about Premium Peanut, visit http://www.premiumpnut.com/

Contact:
Marshall Spivey, Chief Financial Officer
912-331-7020

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