- good natured Products (GDNP) has closed the purchase of the land and buildings located at the company’s Ayr, Ontario manufacturing location for $9.4 million in cash
- The Ayr purchase includes an existing industrial building of approximately 30,000 square feet in size and 2.9 acres of land that has potential for future expansion
- The Ayr purchase was funded by money from a combination of sources, including the $6.5 million non-revolving loan facility from HSBC Bank Canada with a five-year term
- The second source was the $2.9 million from the available $3.9 million second tranche of the credit facility with Business Development Bank of Canada (BDC)
- good natured Products Inc is engaged in the design, production, and distribution of high-performance bioplastics for use in packaging and durable product applications
- Good Natured Products Inc. opened trading at $0.34 per share
good natured Products (GDNP) has closed the purchase of the land and buildings located at the company’s Ayr, Ontario manufacturing location for $9.4 million in cash.
The Ayr purchase was funded by money from a combination of sources.
On one hand, was the $6.5 million non-revolving loan facility from HSBC Bank Canada with a five-year term.
On the other hand was the $2.9 million from the available $3.9 million second tranche of the credit facility with Business Development Bank of Canada (BDC) that was previously announced on August 24, 2022.
The purchase closed as scheduled on September 30, 2022, subject to satisfaction of customary closing conditions
The Ayr purchase includes an existing industrial building of approximately 30,000 square feet in size and 2.9 acres of land that has potential for future expansion.
good natured Products Inc is engaged in the design, production, and distribution of high-performance bioplastics for use in packaging and durable product applications.
good natured Products Inc. is pursuing its goal of becoming North America’s leading earth-friendly product company by offering the broadest assortment of plant-based products made from rapidly renewable resources instead of fossil fuels.
good natured Products Inc. opened trading at $0.34 per share.
