VANCOUVER, BC, Sept. 16, 2021 /CNW/ - good natured Products Inc.
(the "Company" or "good natured®") (TSXV:
GDNP), a North American leader in earth-friendly plant-based
products continues to grow its market traction with
fast-growing food producers who are taking a fresh approach to
supplying plant-based, nutritional foods to communities across
North America. A growing
population, changing climate conditions and consumers' desire to
support local suppliers is creating opportunity for innovative food
producers to introduce new crops and next-gen sustainable
agriculture practices that are easier on the planet than some
traditional growing methods.
One customer, Heron Farms in South
Carolina, is turning sea level rise into sustainable
agriculture, one delicious Sea Bean at a time. Heron Farms is
North America's premiere indoor
saltwater vertical farm that grows salt tolerant crops such as sea
beans, sea pickles and sea asparagus using predictive
software and cutting-edge automated data collection and analysis
methods. At the forefront of sustainable farming practices, Heron
Farms distributes to retail, restaurants, and food service
industries throughout 14 US states.
"We're on a mission to solve two of the 21st
century's largest environmental problems, rising sea water levels
and excess carbon dioxide. We strategically chose plant-based
packaging from good natured® as the best option
to extend our brand values beyond the product we produce all the
way through to the packaging itself," explained Sam Norton, Founder and CEO of Heron Farms.
Meanwhile, ColdAcre in Whitehorse, Yukon is taking sustainable growing practices
to the next level by providing year-round fresh food and growing
solutions for far northern climates. ColdAcre provides wholesale
and commercial fresh grown food in plant-based, certified
compostable packaging from good natured®, which
is distributed through small independent grocers through to large
chains, such as Save-On-Foods in the Yukon. ColdAcre is the
only year-round food producer of greens in the Yukon and sells their farming system across
Canada and the Arctic. Their
systems source local jobs, reduce supply chain dependency and bring
high-quality fresh produce to communities making them more
self-sufficient and sustainable.
"We made it a mandate when we started ColdAcre that we wouldn't
contribute to the single-use plastics problem that's top of mind
for many Canadians. We've been very pleased to be able to work with
our like-minded partner good natured® as we
prepare to triple our production in the coming months and offer our
products in plant-based, compostable packaging," said Tarek
Bos-Jabber, CEO of ColdAcre.
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
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