iFabric Corp (IFABF)

[yielddude]

Description: iFabric Corp. (TSX: IFA, OTC: IFABF) develops and implements a wide range of innovative textile solutions including antibacterials, water repellants, UV protections, and moisture wicking technologies. iFabric recently put out a market update, noting increased sales to Under Armour for its PROTX2 antiviral treatment and product launch with a Canadian big-box retailer.

- iFabric is seeking an advanced EPA claim after independent third party tests showed that the PROTX2 formulation could kill 99.9% of COVID within 10 minutes. While the Company is currently distributing solutions to major brand, this advanced claim would significantly accelerate sales.
- Under Armour masks originally sold out in under an hour and the line has now expanded to six colours, which a special edition version (Project Rock, Dwayne Johnson's line with UA). UA has added gaitors for winter as well.
- IFA is launching with a big-box retailer this month: private label gaitor program using PROTX2 & DryTX is about to launch in Nov with a mask program following in January.
- PPE line: FRONTLINE has commenced production with sales expected to begin in December.
- iFabric has a suite of other solutions for textiles and its pipeline continues to grow significantly.