Benzinga | Oct 7, 2021 07:07AM EDT

Walmart Canada To Purchase Beef Sourced From Certified Sustainable Farms, Ranches

* Walmart Inc (NYSE:WMT) announced that Walmart Canada will purchase the largest known quantity of beef from certified sustainable Canadian farms and ranches.

* The company expects beef purchased through the commitment will support the environmental, social, and economic sustainability of Canadian farmers and ranchers.

* The operations of the ranchers are certified through a third-party audited system, under sustainability standards set by the Canadian Roundtable for Sustainable Beef (CRSB).

* Walmart Canada plans to purchase around 1.5 million pounds of beef from CRSB Certified sustainable farms and ranches over the 2022 calendar year.

* Price Action: WMT shares closed higher by 0.73% at $137.62 on Wednesday.