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Good Natured Products signs multi-year contract with large U.S. food producer

Jul. 12, 2022 6:59 AM ETgood natured Products Inc. (GDNPF), GDNP:CABy: Deepa Sarvaiya, SA News Editor
  • Good Natured Products (OTCQX:GDNPF) signs a multi-year commercial contract with the large U.S. food producer to supply the customer with multiple packaging designs using Bio-PET-based material and recycled content.
  • The material will be produced at the company's in-house manufacturing facilities in Ontario and Illinois.
  • The company continues to anticipate revenue of ~$13M in the first year based on the terms of the agreement.
  • Volumes in the first year are expected to fluctuate on a quarterly basis to match product seasonality, as well as the rollout timing of new products to the producer's retail customers.

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