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SCHMITT INDUSTRIES CLOSES SALE AGREEMENT FOR NICOLAI STREET PROPERTY

PORTLAND, Ore., July 18, 2022 /PRNewswire/ -- Schmitt Industries, Inc. (NASDAQ:SMIT) (the "Company" or "Schmitt") announces that it has closed the Real Estate Purchase and Sale Agreement (the "Sale Agreement") with Tofte Farms, LLC ("Tofte") to purchase