VANCOUVER, BC, Aug. 17, 2021 /CNW/ - good natured Products Inc.
(the "Company" or "good natured®") (TSXV:
GDNP), a North American leader in earth-friendly plant-based
products, today announced the launch of its plant-based Bin Bags,
Zipper Bags, and retail-packed Compostable Tableware. This launch
highlights the Company's ongoing diversification into a broad range
of plant-based materials including fiber and flexible film, which
is underpinned by its increasingly robust technical and supply
chain capabilities in the sustainable materials market.
good natured® focuses its consumer product
development on creating frequently used, everyday household items
that make it easy and affordable for people to switch to
plant-based and make a positive environmental impact. The Company
continues to build its range of earth-friendly consumer products
and carve out its share of the US $150
billion fast moving consumer goods ("FMCG") market, 25% of
which is now made up of sustainable goods.* As always, good
natured® has developed these latest products to look
and perform just like traditional petroleum-based options with the
added benefit of being made from annually renewable resources and
without BPAs, phthalates and other chemicals of concern.
Designed to replace petroleum-based trash liners and offered in
the most popular size in North
America, good natured® Plant-based Tall
Bin Bags are made of USDA Certified Bio-based LDPE that is
manufactured with annually renewable sugarcane. In the US market
alone, household trash liners represent a $1.7+ billion annual
opportunity with 50% of the US population using 25 or more bags per
month.**
Similarly, good natured® Plant-based Zipper
Bags, in the most popular freezer and sandwich formats, are made of
Bio-LDPE offering the same strength and durability of traditional
brand-name zipper bags and contain no chemicals of concern that are
potentially harmful to humans and the planet. With almost 75% of
the US population using 3-5 zipper bags per week,** these are
exactly the type of fast-moving products that retailers embrace to
drive frequent repeat visits to their stores and higher spend per
customer.
Complementing these items to offer a more complete assortment
for retailers, good natured® also launched a
collection of Compostable Tableware, which includes all the most
popular household party and picnic items, including plates, bowls,
hot cups and cutlery. Made from tree-free fiber, heat-resistant PLA
and SFI paperboard, this assortment fulfills the need for holiday
and seasonal partyware, which is rebounding quickly as COVID
restrictions are lifting. Of note, the premium, heavy duty cutlery
is certified compostable, 97% plant-based and can even withstand
multiple runs through the dishwasher, making what's often a
disposable item into something reusable and even more eco-friendly.
Demand for environmentally friendly tableware is particularly high
amongst millennials as upwards of 61% are willing to pay more for a
more sustainable alternative**.
"We are laser focused on our promise to make it easy and
affordable for our retailers and their customers to switch to
plant-based products," noted Paul Antoniadis, Chair and CEO of
good natured®. "By growing our assortment and
offering of affordable plant-based options, we're providing a
strong incentive and opportunity for our retail partners to make a
collective positive environmental impact that also makes sense for
their business. We believe this is a big part of what makes good
natured® unique in the marketplace and is reflected
with our strong revenue growth that our team has been able to
achieve to date."
The good natured® corporate profile can be
found at: investor.goodnaturedproducts.com
About good natured Products Inc.
good
natured® is passionately pursuing its goal of
becoming North America's leading
earth-friendly product company by offering the broadest assortment
of eco-friendly options made from plants instead of petroleum.
We're all about making it easy and affordable for business owners
and consumers to switch to better everyday products®
made from renewable materials and free from chemicals of
concern.
Part of the sustainable consumer goods market, good
natured® offers over 400 products and services
through wholesale and retail channels, including our own e-commerce
stores. From plant-based home organization products to compostable
food containers, bioplastic industrial supplies and medical
packaging, we're focused on delivering a great customer experience
to make more plant-based products readily accessible to more people
as the path to deliver meaningful environmental and social
impact.
For more information: goodnaturedproducts.com
*Source: Nielsen 2020
https://www.statista.com/statistics/956968/us-sales-value-of-sustainable-products/
|
**Source: Statista
2021
|
On behalf of the Company:
Paul Antoniadis – Executive Chair & CEO
Contact: 1-604-566-8466
Investor Contact:
Spencer Churchill
Investor Relations
1-877-286-0617 ext. 113
invest@goodnaturedproducts.com
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibilities for the adequacy or
accuracy of this release.
Cautionary Statement Regarding Forward-Looking
Information
Information regarding preliminary revenue and gross margin
results contained in this press release may constitute
forward-looking information within the meaning of securities laws.
By their nature, forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause our
actual results, performance or achievements, or other future
events, to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statement.
The financial outlook provided in this press release is
provided to provide early guidance on the second quarter financial
performance of the Company and readers are cautioned that this
information may not be appropriate for any other purpose. In
preparing the financial outlook, the Company completed an initial
review of operations for the quarter ended June 30, 2021, however actual results may differ
materially from the financial outlook provided in this press
release as the financial outlook has not been audited or reviewed.
When relying on the Company's forward-looking statements and
information to make decisions, investors and others should
carefully consider the foregoing factors and other uncertainties
and potential events. The Company has assumed that the material
factors referred to herein will not cause such forward-looking
statements and information to differ materially from actual results
or events. However, there can be no assurance that such assumptions
will reflect the actual outcome of such items or factors.
Other than as required under securities laws, we do not
undertake to update this information at any particular
time.
Forward-looking information contained in this news release is
based on our current estimates, expectations, and projections,
which we believe are reasonable as of the current date. The reader
should not place undue importance on forward-looking information
and should not rely upon this information as of any other date. All
forward-looking information contained in this news release is
expressly qualified in its entirety by this cautionary
statement.
SOURCE Good Natured Products