/NOT FOR DISTRIBUTION IN THE USA/
Continues selling byproduct as fertilizer
ingredient with 192-tonne reorder
KAMLOOPS, BC, July 6, 2023
/CNW/ - Progressive Planet (TSXV: PLAN) (OTCQB:
ASHXF) ("Progressive Planet", "PLAN", or the
"Company"), a leader in developing CleanTech solutions for the
planet, receives confirmed reorder from one of North America's top three big box retailers to
continue providing high-quality Wundercat® cat litter, one of
its signature animal products, across British Columbia.
On February 21, 2023, Progressive
Planet announced it entered a distribution partnership with the big
box retailer and, at current reorder rates, the Company now
projects the distribution partnership for British Columbia to add more than $1.2 million in new revenue annually.
"In our growing base business, we ship more than 2 million
packaged products annually to retail stores across North America," says Progressive Planet CEO
Steve Harpur.
Added Harpur: "Natural animal products, like Wundercat®, are a
vital part of our growth strategy – providing cashflow to fuel
growth and opening doors into the largest retail chains as market
access for launching new products like natural fertilizer and
cement products."
The Company has also received an additional 192-tonne order of
the mineral byproduct generated during the production of
Wundercat®, strategically marketed and sold as a natural fertilizer
ingredient. The latest confirmed order is the third, and largest,
commitment from the same major North American fertilizer
manufacturer in the last 4 months totalling 328 tonnes.
Progressive Planet provides regular information for investors on
its website: progressiveplanet.com/investors/. This includes
press releases and other information about financial performance,
patents filed, and information on corporate governance.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accept responsibility for the adequacy or
accuracy of this release.
About Progressive
Planet:
We are a CleanTech and manufacturing company based
in Kamloops, British
Columbia, in the heart of some of Canada's richest
volcanic fields, which are the prime ingredient of our innovations.
Our expertise lies in merging CleanTech with ancient volcanic ash
and recycled minerals to create planet-friendly products that fight
climate change and protect our planet's health.
Our products are in 10,000+ retail stores across North
America. Our innovations, created at our C-Quester™ Centre of
Sustainable Innovation, bring positive disruption to the cement,
agricultural and animal-care sectors by creating products that help
reduce carbon footprints and restore ecosystems.
Forward-Looking
Statements:
Certain statements in this release are forward-looking
statements, which reflect the expectations of management regarding
the matters described herein. Forward-looking statements consist of
statements that are not purely historical, including any statements
regarding beliefs, plans, expectations, or intentions regarding the
future. Such statements are subject to risks and uncertainties that
may cause actual results, performance, or developments to differ
materially from those contained in the statements. No assurance can
be given that any of the events anticipated by the forward-looking
statements will occur or, if they do occur, what benefits the
Company will obtain from them. These forward-looking statements
reflect management's current views and are based on certain
expectations, estimates and assumptions which may prove to be
incorrect. A number of risks and uncertainties could cause our
actual results to differ materially from those expressed or implied
by the forward-looking statements, including factors beyond the
Company's control. These forward-looking statements are made as of
the date of this news release.
Disclaimer:
This news release, required by Canadian laws, does not
constitute an offer of securities and is not for distribution or
dissemination outside Canada.
SOURCE Progressive Planet Solutions