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That page that he referenced isn't even public on the OW website...so not sure if there is any significance...certainly not a reason to buy shares when it's not public...that is just pure speculation and gambling imo.
You too!
Verifying your own posts with your own tweets...now that is rich!
I stand corrected.
I am in Canada.
A few more as well.....we'll see what develops here.....
Have a happy new year ...hope 2021 is better for all of us!
Explain to me what the difference is between selling short and going long versus the settlement date....
Buying low selling high..or selling high and buying back low.......both trades need to settle..it's T + 2 days regardless of going long or short.
In both Canada and the USA.
Believe what you want.....
I worked at a brokerage.... I know the rules.
When is last day to sell stock for tax loss?
For both Canada and the US, the last day for tax-loss selling in 2020 is December 31; however, investors should remember that the trade date must be no later than December 27, for processing time. Investors still hoping to take advantage of this strategy will have to make their trades no later than the 29th in order to settle and to be used as a tax loss for 2020.
THat is incorrect..yesterday was the cutoff for tax loss selling.
Well...that might be going too far..lol
Yes....
Not our first trip to the corner store...lol
Well..2nd half of the day wasn't all that bad!
They need to get their filings up to date and get the stop sign removed...that needs to happen now.
Same to you!!
And the stock gets shorted.....manipulated artificially....
Sickening...and the regulators do nothing.
That was an artificial pump...gave everything back today.....on the US side.....complete market manipulation and it goes on each and every day and nothing is done about it...Just a bunch of lame lip service from the regulators.
I am holding the stock.
I don't get excited when a pr is released about a LOI or MOU...most of the time they go nowhere.
Real news drives the market.
The evidence is there...the stock hasn't moved...other than an artificial pump.
I will wait for real news to get excited.
Eat Beyond Portfolio Company Eat Just is World's First to Have its Lab-Grown Meat Served in a Restaurant
Tuesday, December 29, 2020, 9:00 AM ET
VANCOUVER, BC, Dec. 29, 2020 /CNW/ - Eat Beyond Global Holdings Inc. (CSE: EATS) (OTCPK: EATBF) (FSE: 988) ("Eat Beyond" or the "Company"), an investment issuer focused on the global plant-based and alternative food sector, is announcing that its portfolio company, San Francisco-based Eat Just Inc. ("Eat Just"), is the world's first company to have its lab-grown meat served in a restaurant.
Eat Just is a food tech company that produces meat and egg substitutes, and recently became the first company approved to sell its lab-grown chicken product, GOOD Meat Cultured Chicken, in Singapore. Singapore is the first government to allow the sale of cultured meat.
The chicken will be served at restaurant 1880 in Singapore as a part of a trio of sample dishes that will sell for approximately $23.
"Eat Just is paving the way for the cellular agriculture industry, which has the potential to completely transform our food systems today to make them more sustainable and humane," said Patrick Morris, CEO of Eat Beyond. "Singapore is a market that we have been watching closely and it is truly leading the way by driving forward with the adoption of this technology. With the country's small geographic footprint, it should come as no surprise that the country is seeking alternatives to traditional agriculture."
Singapore's government is aiming to have 30% of its food demand met by local agricultural production in the next decade, and its strategy to do so incorporates technology such as cellular agriculture.
"The end product, cultured meat, is still fairly expensive as production costs are high, but once the cost of production can be decreased, I believe that we will see this industry grow rapidly in the near future, it is only a matter of time," added Morris.
Eat Beyond is committed to working closely and taking a hands-on approach to driving the growth of its portfolio companies, including Eat Just.
Eat Beyond's portfolio also includes two additional cellular agriculture companies. TurtleTree Labs, which is recreating the full composition, functionality, and taste of milk by developing the technology to produce the unique components of milk sustainably; and SingCell, which offers a proprietary platform to enable global alternative meat companies to develop scalable processes for clean meat manufacturing.
About Eat Beyond Global Holdings
Eat Beyond Global Holdings Inc. ("Eat Beyond") (CSE: EATS) (OTCPK: EATBF) (FSE: 988) is an investment issuer that makes it easy to invest in the future of food. Eat Beyond identifies and makes equity investments in global companies that are developing and commercializing innovative food tech as well as plant-based and alternative food products. Led by a team of food industry experts, Eat Beyond is the first issuer of its kind in Canada, providing retail investors with the unique opportunity to participate in the growth of a broad cross-section of opportunities in the alternative food sector, and access companies that are leading the charge toward a smarter, more secure food supply. Learn more: https://eatbeyondglobal.com/
Find Eat Beyond on Social Media on LinkedIn, Instagram, Twitter and Facebook
View original content to download multimedia:http://www.prnewswire.com/news-releases/eat-beyond-portfolio-company-eat-just-is-worlds-first-to-have-its-lab-grown-meat-served-in-a-restaurant-301198780.html
SOURCE Eat Beyond Global Holdings Inc.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2020/29/c4483.html
/CONTACT:
For media inquiries, please contact: Brittany@Exvera.com; For investment inquiries, please contact: Info@Eatbeyondglobal.com; For further information, please contact Cindy Chiu at Info@Eatbeyondglobal.com or (236) 521-6499
/Web site: https://eatbeyondglobal.com/
Copyright CNW Group 2020
(END) Dow Jones Newswires
December 29, 2020 09:00 ET (14:00 GMT)
See All News & Commentary
Mou's and Loi's are worthless...
So the announcement is fluff..
And the market agrees.
Cool!
Yes..lol
But read this...fluff...
Monday, December 28, 2020, 8:00 AM ET
PORT ST. LUCIE, Fla., Dec. 28, 2020 /PRNewswire/ -- A group oriented to become a leader in CBD based products markets, today announced they have signed a Letter of Intent (the "LOI") devoted to join forces to control one of the first steps in becoming an integrated hemp company. Signatories to the letter of intent include CIGN, LLC, and 4Cable TV International, Inc. (OTC: CATV). 4Cable will take over to operate as the agricultural grower of hemp. This is the first step in the chain for CBD based products to be manufactured by 4Cable TV International, Inc., through its future subsidiaries, which are expected to join the group in any foreseeable future, and function as a global company in the CBD business. The letter signals the intention of the signatories to use their best efforts to work together in establishing an appealing group of business units that will accomplish the expectation of a fast-growing market.
Loi's aren't worth the paper they're written on..I'll get excited when this announcement is a fact.
I agree that with Mr. Feldenkrais involved there is a stronger chance this LOI might turn into something.
My experience with Loi's in the past has shown they are useless.
Canadian Markets closed today as it is a stat holiday here.
Canadian Markets closed today as it is a stat holiday here.
Canadian Markets closed today as it is a stat holiday here.
Canadian Markets closed today as it is a stat holiday here.
My thoughts are irrelevant except for one thing..the share price...that is a fact.
I don't subscribe to the explanation you have provided.
As per usual whatever is going on is unknown to the very people that support the company..the shareholders...US....Me and You.
And you're ok with that?
You all seem so happy to cut Gary a blank cheque.
He has delivered on nothing and promised the world.
The share price reflects that.
Something is not right.
So your word is gospel?
I asked you to provide proof Turner is a serial scammer as you call him.
Nothing.....
Just make stuff up and throw as much of it at the wall and hope something sticks.
Is that how it works?
And how has that factored into the stock price...
It hasn't.
You don't have to be an Einstein to see something is very wrong.
Considering the fact that the shares were supposed to uplist a while ago...and haven't and no one knows when they will...perhaps in fact the company has been turned down....
Why the delay....
I can hardly wait for the explanation.
What does that have to do with the severely depressed price of the stock and the inability of the company to deliver on anything....
Unbelievable.
Good Natured Products Inc. Announces the Closing of its Acquisition of Integrated Packaging Films
December 22, 2020 — (Vancouver, BC) good natured Products Inc. (the “Company” or “good natured®”) (TSX-V: GDNP), today announced that it has closed the strategic acquisition of, through a wholly owned subsidiary, IPF Holdings Inc. dba Integrated Packaging Films (“IPF”), for $16.7 million (the “Acquisition”). All dollar figures in this release are in Canadian dollars unless noted otherwise.
The terms of the Acquisition were first announced on December 1, 2020, and the purchase price was paid through a combination of the previously announced $12.5 million in cash, the issuance of $833,467 in common shares of the Company (“Common Shares”) at a deemed price of $0.47 per Common Share, and the issuance of a $3.3 million vendor take-back note, subject to customary working capital and closing adjustments.
“We’re very pleased to announce the completion of this Acquisition and welcome everyone at IPF to the good natured® family,” said Paul Antoniadis, CEO of good natured®. “This transaction marks another significant milestone in the Company’s growth trajectory and contributes approximately $17.0 million in annual sales. This Acquisition diversifies and strengthens our industrial business group with the addition of nearly 100 customers, as well as entry into the medical and electronic industrial rollstock segment.”
Paul added: “I would like to express my appreciation to all team members and parties involved in contributing to the IPF closing. The Acquisition of IPF, in conjunction with the recent acquisition of Shepherd Thermoforming and Packaging in May 2020, represents our team’s ability to deliver on our acquisition strategy that underpins our organic growth business model.”
Founded in 1997 by the Mechar family, IPF is located in Ayr, Ontario and is a manufacturer of high quality, rigid plastic sheets used to create a variety of products, including thermoformed packaging. IPF’s customers serve a diverse set of end markets, including electronics, retail, industrial, food and medical packaging. IPF currently serves nearly 100 customers from a dedicated 32,000 square foot leased facility on 2.9 acres of land. Customers are primarily located in the northeast and midwest United States and Eastern Canada.
Key Highlights of the Acquisition:
IPF generated trailing twelve-month (“TTM”) revenue ending September 2020 of approximately $17.0 million
Adds just under 100 business-to-business customers, growing the Company’s business to business segment to a total of approximately 500 customers
IPF’s geographic sales mix is approximately 65% US and 35% Canadian
Adds between $10 and $12 million (unaudited) of total assets to the Company’s balance sheet
TTM EBITDA of approximately $3.7 million[1]
Highly strategic and synergistic acquisition that is expected to be immediately accretive to shareholders on an adjusted EBITDA basis
Expected to provide synergies of approximately $1.0 to $2.0 million in EBITDA in 2021
Enables further vertical integration at the Company’s thermoforming facility where finished packaging gross margins are expected to increase by 30% to 35% by incorporating roll stock extruded at the IPF facility
All pre-existing indebtedness of IPF will be paid out as a deduction of purchase price proceeds
$1.25 million in target net working capital required at closing
good natured® will begin recognizing revenue from IPF commencing December 1, 2020
Key Strategic Highlights:
Adds the medical and electronic market segments to current industrial business group
Establishes a full integrated custom packaging supply chain to service eastern Canada and the northeastern United States
Complements and builds on the Company’s existing outsourced supply chain partnerships
Grows customer count to approximately 500 recurring business-to-business customers, further opening up cross-selling opportunities
Strengthens industrial business group innovation and new product development pipeline
IPF’s facility includes 22 million pounds of production capacity on an annual basis, which is being upgraded to a total annual production capacity of 25 million pounds with an anticipated completion date of Q1 2021. The IPF facility is currently operating at approximately 75% capacity
Financing Details:
The Company secured the following financing, which has enabled it to complete the Acquisition and will fund related integration costs:
$7.6 million reducing term loan with the Royal Bank of Canada with 6-year amortization at market rates
US$2.5 million draw down of the BDC Capital Corp. (“BDC”) acquisition line under the terms and conditions of the Company’s existing BDC credit facility, as originally announced in June 2019
$3.3 million 3-year vendor take-back note at annual interest of 3.75%, the principal of which is repayable as to 1/3 on the second anniversary of closing, with the balance paid on the third anniversary of the closing of the Acquisition
$833,467 in Common Shares priced at $0.47 per Common Share issued to one of the sellers of IPF for an aggregate of 1,773,334 Common Shares, which are subject to a 12-month contractual hold period which exceeds the requirement of a four-month hold period under securities laws
$4.0 million in gross proceeds from a bought deal private placement financing of Common Shares at a price of $0.47 per Common Share, which closed on December 17, 2020, as was announced on such date
In addition, the Royal Bank of Canada has made available to IPF a $3.0 million revolving operating line of credit, plus a $400,000 revolving capital term loan, and a $400,000 revolving lease line. These credit facilities will be dedicated to the IPF operations and secured by its assets. The line of credit will be used to fund ongoing growth of IPF through the procurement of raw materials, inventory, and operating requirements.
The Company’s material financing agreements with BDC and the Royal Bank of Canada are available on SEDAR.
Debt for Shares:
Following the closing of the Offering, the Company plans to issue 62,500 Common Shares at a deemed price of $0.80 per Common Share to settle $50,000 of corporate debt owed to an arm’s length creditor of a subsidiary of the Company (the “Share Settlement”). The Share Settlement remains subject to TSX-V approval and is expected to occur upon receipt of such approval. The Shares to be issued pursuant to the Share Settlement will be subject to a four-month hold period.
Grant of Stock Options:
The Company concurrently announces, pursuant to the Company’s Omnibus Equity Incentive Compensation Plan, that it has granted stock options (the “Options”) to certain employees and consultants of IPF in connection with such persons entering into employment agreements upon the closing of the Acquisition, which are exercisable for up to an aggregate of 200,000 Common Shares of the Company. The Options are exercisable at $0.92 per Common Share.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933 (the “US Securities Act”) or any states securities laws and may not be offered or sold within the United states or to US Persons (as defined in Regulation S under the US Securities Act) unless registered under the US Securities Act and applicable state securities laws or an exemption from such registration is available.
The Acquisition was an arm’s length transaction. The share purchase agreement in connection with the Acquisition has been previously filed on the Company’s profile at www.sedar.com.
The good natured® corporate profile can be found at: investor.goodnaturedproducts.com
About good natured Products Inc.
good natured® is producing and distributing one of North America’s widest assortments of better everyday products® made with the highest possible percentage of renewable, plant-based materials and no BPAs, phthalates or other chemicals of concern potentially harmful to human health and the environment.
With a growing assortment of over 385 products and services, good natured® creates eco-friendly home and business products, food packaging, restaurant/take-out containers, medical and industrial supplies designed to do good for the planet, good for human health and good for business by driving incremental sales, minimizing waste and reducing environmental impact, all bundled up in a fresh and approachable brand.
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.
Non-GAAP financial measures
We have included in this press release certain non-GAAP measures that are used to evaluate the performance of IPF, including adjusted EBITDA. As non-GAAP measures generally do not have a standardized meaning, they may not be comparable to similar measures presented by other issuers. Adjusted EBITDA does not have a generally accepted industry definition.
Cautionary Statement Regarding Forward-Looking Information
This press release contains “forward-looking statements” within the meaning of applicable securities laws. Forward-looking statements can be identified by words such as: ”anticipate,” “intend,” “plan,” “budget,” “believe,” “project,” “estimate,” “expect,” “scheduled,” “forecast,” “strategy,” “future,” “likely,” “may,” “to be,” “could,”, “would,” “should,” “will” and similar references to future periods or the negative or comparable terminology, as well as terms usually used in the future and the conditional. Examples of forward-looking statements include, among others, the projected impact of completion of the Acquisition on the Company’s business, financial conditions and results, and the use of funds for integration costs.
By their nature, forward-looking statements involve known and unknown risks, uncertainties, changes in circumstances and other factors that are difficult to predict and many of which are outside of the Company’s control 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 statements.
Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on the Company’s current beliefs, expectations and assumptions regarding the future of its business, future plans and strategies, projections, anticipated events and trends, general market conditions, the economy and other future conditions. The Company’s actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause actual results and financial conditions to differ materially from those indicated in the forward-looking statements include, among others, risks relating to general economic, market and business conditions.
The Company considers its assumptions to be reasonable based on currently available information, but cautions the reader that Its assumptions regarding future events, many of which are beyond the control of the Company, may ultimately prove to be incorrect since they are subject to risks and uncertainties that affect the Company and its businesses. 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 above 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, the Company does not undertake to update this information at any particular time.
Forward-looking statements contained in this news release are based on the Company’s current estimates, expectations and projections regarding, among other things, sales volume and pricing which it believes are reasonable as of the current date. The reader should not place undue importance on forward-looking statements and should not rely upon these statements as of any other date. All forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.
The only evidence to me is the share price..everything else is just hot air.
NO..nothing is fabricated...OW made several offers to DGF to take control of the company...this was all outlined in previous posts. OW asked for an accurate understanding of DGF's financials vis-a-vis the loan and conversion so they could determine what to offer to DGF....
DGF was unwilling to open their books so this offer was withdrawn.
There is nothing nefarious here.
Nobody really has any idea how much money DGF has made converting their shares when they converted as we don't know at what rate they were sold into the market at.
That is what OW wanted to understand so they could make an appropriate offer.
THis has nothing to do with the current bankruptcy action.
There was never any hope that DGF would open their books to be scrutinized anyhow.
NO I don't and I don't know where you've been but where I live Covid has been an issue since March.
The fact the company has been able to achieve everything it has under stressful conditions is a testament to the management team...and so excuse me if I get a little p'd off when people start whining. Under normal circumstances I'd agree 100%
They should be relevant.
That news about no R S was from the previous CEO....
Don't assume anything is now off the table or on the table...
Todays open and market action so far shows clearly that what we want and expect isn't always in line with the market and how it moves and what decisions the company does or doesn't make.