FSI ANNOUNCES THE SALE OF THE COMPANY’S MENDOTA PLANT

Core Insights - Flexible Solutions International, Inc. has sold its Mendota Plant while retaining a long-term lease for its ENP division, which will be reflected in Q4 financials [1][2] Company Overview - Flexible Solutions International, Inc. is based in Taber, Alberta, and specializes in biodegradable polymers for various applications including oil extraction, detergents, water treatment, and crop nutrients [1][2] - The company also manufactures environmentally safe technologies for water and energy conservation and is expanding into the food and nutrition supplement markets [1] Recent Developments - The sale of the Mendota plant aims to consolidate the ENP division and create space for the expansion of the food-grade division in Peru, IL, while also reducing debt and allowing management to focus on growth [2] - The NanoChem Solutions Inc. subsidiary produces biodegradable, water-soluble products using thermal polyaspartate (TPA) biopolymers, which have applications in scale inhibition, detergents, water treatment, and crop enhancement [2] - In 2022, the company received FDA food grade approval for its Peru, IL plant, marking its entry into the food and nutrition markets [2]