shares of kalera plc rose friday after it said it is implementing a costcutting plan with the goal of breaking even on cash flow by the end of the year at 1133 am est shares were up 53 at 730 the fresh produce company said these measures include the temporary halt of production at its orlando fla and atlanta farms and the closure of its international businesses through these measures the company expects to get annual savings of about 74 in 2023 when compared with the prior year regarding its atlanta and orlando farms kalera said it aims to make adjustments to increase looseleaf production capacity which is set to result in an annual run rate expense reduction of about 49 million until these facilities are reopened in the meantime the company said the denver and houston farms will be near capacity and see their path to profitability accelerate the company is also relocating its corporate offices from orlando to denver reducing general and administrative costs by about 800000 annually the closure of its international businesses including in germany kuwait and singapore will cut annual general and administrative expenses by about 50 every year according to the company the sale of vindara inc is also anticipated to reduce expenses and operating losses by about 65 in 2023