California-based Landec Corp. has completed its rebranding and relocation back to Minnesota.
The company renamed itself Lifecore Biomedical and on Tuesday began trading on the public market under the ticker symbol LFCR. Its stock closed up 5% from Landec's Monday closing price.
Lifecore makes sodium hyaluronate, which has a variety of medical applications including skin care, joint pain and eye health.
Lifecore was previously based in Chaska and publicly traded until it was sold in 2008 to a private equity group. Even while owned by out-of-state interests, Lifecore maintained operations in Chaska, where it is now headquartered again, since 1991.
As a division of Landec, Lifecore reported revenue of $23.7 million, an increase of 8%, for its 2023 fiscal first quarter, which ended Aug. 28.
The company has about 400 employees. It estimates sales for the full year will be between $122 million and $126 million.
![Gas was $2.39 at the BP gas station ay 46th Street at Lyndale in South Minneapolis. ] GLEN STUBBE * gstubbe@startribune.com Friday September 4, 2015 Pre-Labor Day gas prices in the U.S. are the lowest in 11 years, and under $2 per gallon in many states, though Minnesota's average is nearly 40 cents higher. Just one station, in Brainerd, was selling at $1.99. Checking on whether that is a promotion. Costco and Sams Clubs, usually the low price leaders, were 15 cents more. With some motorists' tho](https://arc.stimg.co/startribunemedia/4U372WPXFGGQGQHPL2CTC4SFUY.jpg?&w=436&ar=3:2&fit=crop)
