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Billy Goat (CSE: GOAT) and FunGuys beverage certification

Psychedelics
CSE:GOAT
09 September 2022 13:30 (EDT)
Goat Industries

Goat Industries

Billy Goat Brands (GOAT) subsidiary FunGuys Beverages has achieved Phase II certification of TerraCycle’s LOOP testing protocols.

This milestone supports FunGuys’ market position as a socially responsible distributor of organic mushroom-infused cold brew coffee beverages.

FunGuys’ associations with LOOP means it can use reusable packaging for its line of Kold-branded beverages. LOOP’s stringent design guidelines will enable Kold products to move from single-use packaging to a multiuse ecosystem while providing FunGuys access to a scalable sales channel through LOOP’s integrated network of retail partners. Recently, LOOP was invited to present its views on sustainable business practices at the World Economic Forum and has support from major North American and European grocers, retailers and packaged good brands.

FunGuys’ maturing relationship with LOOP shows Billy Goat’s commitment to advancing next-generation CPG recycling ecosystems, technologies and associated intellectual properties through active investments. Billy Goat nearly doubled its ownership stake in Evanesce, a sustainable packaging company that produces compostable straws and other packaging items.

FunGuys is a leading distributor of organic chaga and lion’s mane mushroom-infused cold brew coffee beverages. Its Kold line of beverages offers consumers an alternative and sustainable product as a supplement or substitute for their daily coffee ritual.

TerraCycle is an innovative recycling company that has become a global leader in recycling hard-to-recycle materials that created the circular Loop program to combat single-use waste.

Billy Goat Brands (GOAT) is an investment issuer focused on investing in high-potential companies operating across a variety of sectors.

Billy Goat Brands (GOAT) is down today, trading at C$0.05 at 1:14pm ET.


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