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Your comment about particle boards an shipping costs got me thinking and I found this. Old, from 2011 but shows what ikea values. Also read about how a lot of customers don't buy ikea due to the shipping costs. There could be something here.
Article:
Ikea expects to cut its transport costs by EUR 140 million ($193 million) a year when it switches to recyclable, paper shipping pallets in 2012. Businessweek reported that the new single-use, corrugated cardboard pallets - at 5.5 pounds - will be 90% lighter than their wood counterparts and capable of supporting the same weight load.
Slimmer profile and reduced weight are the main advantages of the new pallets that allow more goods to be included in each shipment. This is expected to reduce transport costs by 10 percent. However, Ikea will spend roughly EUR 90 million ($120 million) a year on paper and new forklifts.
Ikea says it currently uses about 10 million pallets to ship goods around the globe. The new paper pallets will be assembled on site by Ikea’s suppliers.
Wood pallets are generally rented from logistics companies, and are more durable when exposed to weather conditions, but Ikea says its shipments are rarely left outside.
“We hope this will be a start in making transportation systems smarter and freight as compact as possible,” Jeanette Skjelmose, sustainability chief at Ikea’s supply-chain unit, told Bloomberg.
The story notes that Ikea isn’t the only major company moving away from traditional pallets. KLM Cargo is switching from aluminum pallets to pallets made of a light-weight composite that will allow the airline to carry more freight with less fuel.
Totally agree Juancy. They were almost exactly double Q2 which was in-line with forecasts (when including they also have 100k of product they weren't able to add to q2 sales). Overall it was the first quarter where they truly came close to what was expected and it only looks like a brighter future from here. Cash flow won't be an issue with the 6 mil financing and increasing revenues, plus they said it would only cost 2 mil to double the current plant capacity which means that a good amount of the 6 mil can be used for operating breathing room.
I would imagine we see the stock price tick up today
Second Quarter Results
-700k Sales vs 400k in Q1 (almost double!)
-Q3 sales expected to be double that of Q2
-Facility processes completed for in-house (no more expensive out-sourcing)
-2015 order forecasts that exceed projected plant capacity
GLTA!
Worth noting that all shares and warrants does return about $13.5 mil which is better, but yes it is still a lot of equity. It's necessary though with how close they are to producing Crailar in large quantities. If I remember correctly the last stage of equipment they need from this offering will boost capacity from 280k lbs capacity to closer to a million. It's possible that some major customers require that Crailar build out that much capacity before they introduce products. Ikea is big, GP is too. We're in the final stretch
Lots of buyers at this level...
Way oversold. Laughable really. So many good things going on, last time we were at this price it made sense- but today? Actual product on the market, many more to be announced, IKEA??, full in house processing facility.
These prices WILL NOT last...one the sheep have sold all their shares and taken their losses the rest of us will pick up and keep moving forward.
Good news is coming. Oh yeah and they are raising around $5 mil. That's a good thing.
It was a great call! I think you can tell by the quiet trading afterward. Certainly no drop in price and without any bad news this may be the bottom. The future looks bright for Crailar!
Crailar news! More capital:
VICTORIA, BC and PORTLAND, OR, March 14, 2014 /CNW/ - CRAiLAR Technologies Inc. (TSXV: CL) (OTCQB: CRLRF) ("CL" or the "Company") announce that it has received expressions of interest, on a non-brokered deal basis, to raise an aggregate of up to US$3,100,000 by way of a private placement offering of units (each a "Unit") at a subscription price of US$1.25 per Unit (the "Private Placement"). This offering, if approved by regulatory authorities, satisfies the terms of the December 2013 CAD $2.0 million investment by Hydra Ventures B.V., the corporate venture arm of the adidas Group (FRA:ADS), that the Company raise at least CAD $3.0 million.
Each Unit is comprised of one common share (each, a "Share") and one-half of one transferable common share purchase warrant (each, a "Warrant") of the Company, and each whole Warrant will entitle the holder thereof to purchase one additional common share (each, a "Warrant Share") of the Company at an exercise price of US$1.75 per Warrant Share for a period of two years from closing.
Finder's fees may be payable by the Company in connection with the completion of the Private Placement in accordance with TSX Venture Exchange ("Exchange") policies. The net proceeds of the Private Placement will be used to fund the Company's capital program and for general corporate purposes.
Concurrent with the Private Placement, the Company also intends to settle a total of up to US$1,000,000 in arm's-length indebtedness with certain creditors (the "Units for Debt Settlement") by issuing Units identical to those being acquired under the Private Placement..
Closing of each of the Private Placement and the Units for Debt Settlement is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including that of the Exchange.
All securities issued in connection with closing of each of the Private Placement and Units for Debt Settlement will be subject to a statutory hold period of four months plus a day from the date of issuance of the securities in accordance with applicable securities legislation.
The Shares and Warrants comprising the Units have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Units in any jurisdiction in which such offer, solicitation or sale would be unlawful. Any public offering of the Units to be made in the United States must be made by means of a prospectus containing detailed information about the Company and management, as well as financial statements. The Shares and Warrants to be issued by the Company will be "restricted securities" as defined under Rule 144(a)(3) of the U.S. Securities Act and will contain the appropriate restrictive legends as required under the U.S. Securities Act, National Instrument 45-102 and as required by the Exchange.
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
Agreed. I've been buying small chunks for the past few months...only wish I had more to invest! Let's gooooo!
Exciting time for Crailar indeed. Hopefully they announce the Q4 update tomorrow!
Amen! Big things coming. Can't wait to see what happens in 2014!
Looking forward to all the new people who will hopefully be joining us soon! I think there will be a bit more chatter in 2014 ??
Crailar inked a supply agreement with IKEA and netted 5 mil in financing from ikea and Adidas. What a day! This stock is going to sky rocket!
Crailar closes on acquisition of European processing facility
VICTORIA, BC and PORTLAND, OR, Nov. 7, 2013 /PRNewswire/ - CRAiLAR Technologies Inc. ("CL" or the "Company") (TSXV: CL) (OTCBB: CRLRF), which produces and markets CRAiLAR® Flax fiber The Friendliest Fiber On The Planet™, announced today it has finalized the purchase of a European based fiber processing company with more than 40 years of experience in the industry. The acquisition, announced in early-September, allows the Company complete operational control of the processing of its proprietary CRAiLAR Flax fiber.The facility is fully operational and will have the capacity to produce in excess of 250,000 pounds of CRAiLAR Flax fiber per week, with room to expand to one million pounds per week. The facility is located in one of most prolific flax growing and producing regions in the world.
This acquisition accelerates the timeline to own and operate a wet processing facility by six to nine months and mitigates risks and potential problems associated with commissioning a new plant. Given this strategic shift for the company, the following should be noted:
This acquisition is strategically significant for the Company, as it accelerates the timeline to cash flow break even and positive gross margin.
The facility is operated by very experienced personnel with considerable knowledge of fiber and while in due diligence, produced the highest quality CRAiLAR Flax fiber to date.
The Company will postpone the completion of a fully integrated facility in South Carolina until it exceeds the capacity of its European facility or a strategic partner desires a dedicated facility and supports the $14 million build-out in South Carolina.
CRAiLAR is acquiring the facility with no capital by retiring approximately U.S.$1.2 million of the vendor's debt over a three-year period. Additionally, CRAiLAR entered into a ten-year lease and option to purchase agreement on the building housing the facility with a renewal option for an additional ten years.
"With the acquisition of our European facility, we now have operational control of the CRAiLAR production process and we believe, a more immediate path to positive gross margin with minimal capital outlay," stated Ken Barker, Chief Executive Officer.
Great video from launch.org
http://vimeo.com/76336478
Up to 4th place in total votes! We were 9th on Monday.
Depends on how long we go without any real business updates..been pretty quiet lately. Hopefully some bit of great news is coming.
Plus, an announcement that they are running 400k lbs/wk starting in May should calm some fears, and it sounds like that is coming.
I bet we see the price spike back up to around $2 shortly. This stock is way cheap at sub 1.50...it hasn't been here since BEFORE they ever announced the first deal with Hanes in 2011.
Which stock exchange do you speculate they are applying to?
Surprised we're still hanging around low $2...oh well I'm a buyer!
Bolstered my position today...ready to see some action! CRLRF! $$$
Production!
PRESS RELEASE
January 16, 2013
For Immediate Release
CRAILAR TECHNOLOGIES RUNNING PRODUCTION GRADE FIBER AT PAMPLICO
Victoria, B.C. and Portland, Ore. (January 16, 2013) CRAiLAR Technologies Inc. ("CL" or the "Company") (TSXV: CL) (OTCBB: CRLRF) confirmed this week that it has commenced running production grade fiber at its new Pamplico, S.C. manufacturing facility. This followed minor delays at the facility to ensure safety and compliance within the water and fire protection systems in the building, along with customization to communications software that ensures the safe operation of the production line. These adjustments have now been completed.
"We have waited a long time to be in direct control of our production line from the standpoints of fiber quality, integrity, and volume," stated Ken Barker, CEO of CRAiLAR Technologies. "This is an important milestone for us as a company, and the industry as a whole as we execute CRAiLAR Flax Fiber introductions at multiple sectors of retail and industry in 2013."
About CRAiLAR Technologies Inc.
CRAiLAR® Technologies Inc., previously Naturally Advanced Technologies Inc., offers cost-effective and environmentally sustainable natural fiber in the form of flax, hemp and other best fibers for use in textile, industrial, energy, medical and composite material applications. Produced using a fraction of water and chemical inputs compared with other natural fibers, CRAiLAR Flax is the newest natural fiber introduction to the market in decades. The Company supplies its CRAiLAR Flax to HanesBrands, Georgia-Pacific, Brilliant Global Knitwear, Tuscarora Yarns, and Target Corp. for commercial use, and to Levi Strauss & Co., Cintas, Carhartt, Ashland, PVH Corp. and Lenzing for evaluation and development. The Company was founded in 1998 as a provider of environmentally friendly, socially responsible clothing. For more information, visit www.crailar.com.
ADVISORY: This press release contains forward looking statements which may include statements concerning completion of any proposed acquisitions, capital programs, debt, funds flow from operations, and the anticipated use of the net proceeds of the Private Placement. Although CL believes that the expectations reflected in these forward looking statements are reasonable, undue reliance should not be placed on them because CL can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Any proposed acquisition may not be completed if required approvals or some other condition to closing is not satisfied. Accordingly, there is a risk that any proposed acquisition or offering will not be completed within the anticipated time or at all. The intended use of the net proceeds of the Private Placement by CL might change if the board of directors of CL determines that it would be in the best interests of CL to deploy the proceeds for some other purpose.
The forward looking statements contained in this press release are made as of the date hereof and CL undertakes no obligations to update publicly or revise any forward looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.
###
Trades heatin' up a bit...could start to get interesting!
Cheers!
Me too. I hope to keep most shares 10+ years if I can.
What do you guys think? Will CRLRF ever pay dividends?
3 weeks!
PRESS RELEASE
November 28, 2012
For Immediate Release
CRAILAR TECHNOLOGIES TO BEGIN PRODUCTION DECEMBER 17
Milestone Takes Company From Construction to Operations,
Focus on Partner Order Delivery, Innovation Ahead
Victoria, B.C. and Portland, Ore. (November 28, 2012) CRAiLAR Technologies Inc. ("CL" or the "Company") (TSXV: CL) (OTCBB: CRLRF) confirmed on Wednesday that it will commission the Company's first full-scale manufacturing facility for CRAiLAR Flax Fiber on December 17, 2012. Announced on its investor call in October, the timeline remains in place to begin production of its sustainable, performance-driven flax fiber at the new Pamplico, South Carolina facility. Currently, it is supplying the product to HanesBrands, Target, Georgia-Pacific and others.
"We are pleased to be on schedule with the timeline we put forth in October, and thrilled to turn the power on and move into production before the end of the year," said Ken Barker, CEO of Crailar Technologies. "This milestone will put us on course for significant developments for CRAiLAR Flax Fiber and its global brand partners in 2013."
Production Output Projections The Company plans to tier its output at the facility beginning with an anticipated 150,000 lbs. per week in January, increasing to 300,000 pounds per week in February, and then to level off in the short-term at 450,000 pounds per week thereafter. By the end of 2013, it anticipates the commissioning of expanded production capacity at the facility of 600,000 lbs. per week, and to achieve a total production capacity of more than one million pounds of CRAiLAR Flax Fiber per week by year-end 2013.
Partner Brand Updates During the Company's October investor update call, Barker outlined new development activities with iconic global leaders in sportswear and home furnishings, two previously untapped categories for Crailar Technologies, that it expects to migrate to commercialization in 2013. A transcript of that call is available to download at crailar.com/investors.
About CRAiLAR Technologies Inc.
CRAiLAR® Technologies Inc., previously Naturally Advanced Technologies Inc., offers cost-effective and environmentally sustainable natural fiber in the form of flax, hemp and other best fibers for use in textile, industrial, energy, medical and composite material applications. Produced using a fraction of water and chemical inputs compared with other natural fibers, CRAiLAR Flax is the newest natural fiber introduction to the market in decades. The Company supplies its CRAiLAR Flax to HanesBrands, Georgia-Pacific, Brilliant Global Knitwear, Tuscarora Yarns, and Target Corp. for commercial use, and to Levi Strauss & Co., Cintas, Carhartt, Ashland, PVH Corp. and Lenzing for evaluation and development. The Company was founded in 1998 as a provider of environmentally friendly, socially responsible clothing. For more information, visit www.crailar.com.
ADVISORY: This press release contains forward looking statements which may include statements concerning completion of any proposed acquisitions, capital programs, debt, funds flow from operations, and the anticipated use of the net proceeds of the Private Placement. Although CL believes that the expectations reflected in these forward looking statements are reasonable, undue reliance should not be placed on them because CL can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Any proposed acquisition may not be completed if required approvals or some other condition to closing is not satisfied. Accordingly, there is a risk that any proposed acquisition or offering will not be completed within the anticipated time or at all. The intended use of the net proceeds of the Private Placement by CL might change if the board of directors of CL determines that it would be in the best interests of CL to deploy the proceeds for some other purpose.
The forward looking statements contained in this press release are made as of the date hereof and CL undertakes no obligations to update publicly or revise any forward looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release
What's next? Quiet couple of weeks since the name change...what news are you expecting to see in the coming weeks?
Name change!
PRESS RELEASE
October 31, 2012
For Immediate Release
NATURALLY ADVANCED TECHNOLOGIES INC. COMPLETES NAME CHANGE TO CRAILER TECHNOLOGIES INC.
Victoria, B.C., and Portland, Ore. (Oct. 31, 2012) Naturally Advanced Technologies Inc. (NAT) (TSXV: NAT) (OTCBB: NADVF)) is pleased to announce that, effective October 31, the company's name will change from Naturally Advanced Technologies Inc. to Crailar Technologies Inc.
Accordingly, and at the opening of trading on the TSX Venture Exchange on October 31, the trading symbol for the company will change from NAT to CL. The new CUSIP number will be 224248104 and the new ISIN number will be CA2242481042. It is also anticipated that the trading symbol for the company on the OTCBB will change, and the company will update its shareholders as soon as it receives its new trading symbol from FINRA evidencing the same. The share capital of the company remains unchanged.
"We have a unique opportunity to create a single technology, single brand entity platform which is a marketer's dream," said Ken Barker, CEO of Crailar Technologies. "We're happy to have quickly completed this shareholder-approved strategy to change the company name to Crailar Technologies Inc. This change gives us a redline in branding through all corporate, technology and product applications."
Concurrent with the change of name, the company will also be adopting new articles in the form approved by its shareholders at its recent annual general and special meeting, which was held on August 8, . Among other things, the new articles facilitate the use of uncertificated shares and electronic record-keeping systems currently in use worldwide and which are increasingly being adopted in Canada. In addition, and as the company intends to apply to list its common shares on a senior exchange in the U.S., it was necessary to amend its articles to increase the quorum requirement for meetings of shareholders to one-third of the outstanding shares of the company.
About Naturally Advanced Technologies Inc.
Naturally Advanced Technologies Inc., through its wholly owned subsidiary, CRAiLAR® Fiber Technologies Inc., has developed proprietary technologies for production of bast fibers, cellulose pulp, and their resulting by-products in collaboration with Canada's National Research Council. Its renewable and environmentally sustainable biomass resources from flax, hemp and other bast fibers offer cost-effective and environmentally sustainable processing and production, along with increased performance characteristics for use in textile, industrial, energy, medical and composite material applications. The Company was founded in 1998 as a provider of environmentally friendly, socially responsible clothing. For more information, visit www.naturallyadvanced.com.
ADVISORY: This press release contains forward looking statements which may include statements concerning completion of any proposed acquisitions, capital programs, debt, funds flow from operations, and the anticipated use of the net proceeds of the Private Placement. Although NAT believes that the expectations reflected in these forward looking statements are reasonable, undue reliance should not be placed on them because NAT can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Any proposed acquisition may not be completed if required approvals or some other condition to closing is not satisfied. Accordingly, there is a risk that any proposed acquisition or offering will not be completed within the anticipated time or at all. The intended use of the net proceeds of the Private Placement by NAT might change if the board of directors of NAT determines that it would be in the best interests of NAT to deploy the proceeds for some other purpose.
The forward looking statements contained in this press release are made as of the date hereof and NAT undertakes no obligations to update publicly or revise any forward looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.
# # #
Media Contact:
Ryan Leverenz
Naturally Advanced Technologies
(415) 999-1418
ryan.leverenz(at)crailar(dot)com
Investor Contact:
Rick Anguilla
Guidance Counsel
(503) 820-3565
ir(at)crailar.com
News coming? Lots of buys here over the past few days raising the ask...I know I am waiting for the next big PR. We're on the cusp of manufacturing. To the moon for this company when they start producing revenue!
Agreed. Funny watching all the true penny stock boards explode with posts yet solid, long-term huge potential companies like NAT go unnoticed. It will happen though, probably soon!
Can't wait to hear what's going on with NADVF during the Corporate Update call this afternoon! $NADVF
Production expected to begin Q3... wonder if people are starting to speculate on this potential!
Yup. This stock is about to take off. First full scale manufacturing facility nearing completion...and a handful of deals with huge companies chomping at the bit to improve their social standing using sustainable products. Whats not to love?
Get out while you still can 000s on the way for this scam
Lots of volume in a few mins something must be going on here