- good natured (GDNP) has signed a three-year contract with a large U.S. food producer
- The company will supply multiple packaging designs using Bio-PET-based material and recycled content
- The contract, valued at US$13M for the first year, represents the company’s largest organic commercial agreement to date
- good natured Products offers a broad assortment of plant-based products made from rapidly renewable resources instead of fossil fuels
- good natured (GDNP) is up by 5.13 per cent trading at $0.41 per share
good natured (GDNP) has signed a three-year contract with a large U.S. food producer.
The company will supply multiple packaging designs using Bio-PET-based material and recycled content from its in-house manufacturing facilities.
It anticipates revenue of approximately US$13M in the first year amidst expected fluctuations in volume due to the client’s product seasonality and rollout timing.
good natured views the contract as a testament to the breadth of its plant-based offering and the scalability of its operations in spite of inflationary pressures.
“We’re extremely excited to announce the signing of the largest organic commercial agreement to date at the company and have been actively engaged with shipping significant volumes of product to this client since the initial announcement was made,” stated Paul Antoniadis, good natured’s CEO.
good natured Products offers a broad assortment of plant-based products made from rapidly renewable resources instead of fossil fuels.
good natured (GDNP) is up by 5.13 per cent trading at $0.41 per share as of 10:07 am EST.