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Market Movements: Top Gainers Across Diverse Industries
Financial Modeling Prep· 2026-01-08 00:00
Group 1: Company Highlights - Above Food Ingredients Inc. Warrants (OTC:ABVEW) leads the market with an 81.74% increase, reaching $0.69, focusing on disruptive agriculture and international operations in sustainable food [1][7] - SMX (NASDAQ:SMX) follows with a 74.64% rise to $33.67, known for its brand protection and authentication technology, benefiting from innovative anti-counterfeit solutions and a strong financial outlook for 2026 [2][7] - Bristol-Myers Squibb Company Ce (CELG-RI) saw a 71.53% increase to $0.11, driven by advancements in small molecules and biologics, emphasizing drug manufacturing and healthcare treatments [3] - EUDA Health Holdings Limited (EUDAW) experienced a 67.29% rise to $0.12, focusing on virtual consults for non-emergency medical issues, gaining traction in the digital health sector [4] - Momentus Inc. (NASDAQ:MNTS) saw a 61.75% increase to $15.9, specializing in space transportation and in-orbit servicing, supported by industry developments and a recent $5 million private placement [5][7] Group 2: Industry Trends - The market is witnessing dynamic movements with sectors like sustainable food and space exploration capturing investor interest, highlighting the importance of unique industry positions and strategic developments [6]
Update Regarding Singapore Subsidiary
Newsfile· 2025-12-04 23:51
Group 1 - Planet Based Foods Global Inc. has decided not to proceed with the establishment of its wholly owned subsidiary, PBFG Trade Pte. Ltd. in Singapore, as announced in a previous news release on October 22, 2025 [1] Group 2 - Planet Based Foods Global Inc. focuses on sustainable ingredients, plant-based solutions, and advancements in agricultural technology, aiming to create a cleaner, healthier, and more resilient global food system [2]
Corbion (OTCPK:CSNV.Y) 2025 Earnings Call Presentation
2025-11-20 09:00
BRIGHT 2030 Strategy & Financial Targets - The company aims for organic sales growth of 3-6% per annum from 2026-2028[6, 100, 123, 145] - The company targets an adjusted EBITDA margin of approximately 18% in 2028[6, 100, 123, 145] - The company projects a cumulative free cash flow of approximately €270 million over three years (2026-2028)[6, 100, 123, 145] - The company is targeting a double-digit percentage growth in EPS (Earnings Per Share) per annum from 2026-2028[123, 143, 145] - The company aims for a ROCE (Return on Capital Employed) of approximately 13% by 2028[123] Business Segment Performance & Growth - Food sales reached €769 million in 2024[41, 42, 126] - Nutrition sales reached €157 million in 2024[59, 60, 126] - Biomedical Polymers sales reached €55 million in 2024, with a target of €125 million by 2030[89, 94] - The company's natural food preservation market share is 25%[44] - The company projects to grow the Food business to €1 billion by 2030, representing approximately 4% CAGR[53, 54] - The company projects over €100 million additional Nutrition sales in the coming 5 years, reaching €275 million by 2030, representing approximately 10% CAGR[82] Sustainability & Operations - The company sources 98% of its raw materials from renewable sources[27, 33] - The company aims for a 42% reduction in Scope 1 & 2 emissions and a 25% reduction in Scope 3 emissions by 2030[29]
Edible Garden Posts 9% Revenue Growth as Non-Perishable CPG Units Surge 49.3% Year-Over-Year
Globenewswire· 2025-11-14 12:30
Core Insights - Edible Garden AG Incorporated reported a 9% revenue growth in Q3 2025, reaching $2.8 million, driven by a strategic shift towards a consumer packaged goods (CPG) model and expansion into shelf-stable product categories [2][7][4] - The company experienced significant growth in non-perishable unit sales, which increased approximately 49.3% year-over-year, and international vitamin and supplements revenue rose by 90.2% [6][4] - The strategic transformation is expected to enhance the company's market penetration and growth, particularly in the fourth quarter, which is historically the strongest period for Edible Garden [2][4] Financial Performance - Revenue for Q3 2025 was $2.8 million, up from $2.6 million in Q3 2024, primarily due to strong performance in shelf-stable products [7][4] - Gross profit decreased to approximately $0.3 million from $0.7 million in the prior-year quarter, attributed to higher costs and inflationary pressures [8] - Selling, general, and administrative expenses rose to $3.8 million from $2.2 million, mainly due to increased depreciation and legal expenses [9] Product and Market Expansion - The company expanded its distribution network, including partnerships with Kroger and The Fresh Market, and increased its international presence through partners like PriceSmart and Amazon [4][2] - The product portfolio now includes brands such as Kick. Sports Nutrition, Pickle Party™, Pulp®, and Vitamin Whey®, which are expected to drive continued momentum and margin improvement [4][6] - Hydroponic Basil sales increased by 28.6%, Potted Herbs by 22.6%, and Wheatgrass by 59.2% year-over-year, indicating strong demand for fresh produce [6][4] Strategic Initiatives - The acquisition of NaturalShrimp's assets is anticipated to enhance vertical integration and sustainable aquaculture capabilities, aligning with the company's mission [4] - The company is focused on health-oriented product development and aims to build a stronger platform for scale, positioning itself as a next-generation sustainable food company [4] - Edible Garden's strategic exit from floral and lettuce categories is now complete, reflecting the strength of its repositioned portfolio [7]
Planet Based Foods Global Inc. Announces Board Changes and the Establishment of a Subsidiary in Singapore
Newsfile· 2025-10-22 23:05
Corporate Developments - Planet Based Foods Global Inc. (PBFG) announces significant corporate developments as part of its growth strategy [1] - Kerem Akbas has been appointed as Chief Executive Officer, President, and Chair of the Board, succeeding Claire Skillen [2] - Akbas will not receive direct compensation until the company achieves positive cash flow, with compensation tied to profitability [3] - Andrew McLeod has been appointed as interim Corporate Secretary, succeeding Dawn Wattie [5] - Brittany Ray-Wilks has concluded her tenure as Chief Operating Officer as part of the organizational realignment [7] Leadership Background - Kerem Akbas is a Turkish-Canadian entrepreneur and tech investor with a strong background in finance and business development [4] - Akbas runs a family office focusing on strategic investments in technology and has a proven track record in building and managing businesses [4] - Andrew McLeod, the new interim Corporate Secretary, is the founder of PEAK Legal Counsel and has advised companies on corporate governance for over a decade [6] Subsidiary Establishment - PBFG has established a wholly owned subsidiary, PBFG Trade Pte. Ltd., in Singapore to support its international operations and partnerships [8] Company Overview - Planet Based Foods Global Inc. focuses on sustainable ingredients, plant-based solutions, and advancements in agricultural technology [9] - The company aims to empower food manufacturers and consumers to participate in a cleaner and more resilient global food system [9]
Planet Based Foods Global Inc. Secures Royalty Agreement for New Horticulture Revenue Stream
Newsfile· 2025-10-07 17:08
Core Insights - Planet Based Foods Global Inc. has entered into a royalty agreement for horticultural inputs produced in Van, Türkiye, marking a strategic move to diversify its revenue base [1][2] - The company will manage operations under this agreement and expects to receive a recurring revenue stream through monthly distributions, supporting both near-term revenue generation and long-term growth initiatives [2][3] - The establishment of recurring revenues is viewed as a significant milestone for the company, aligning with its mission to deliver shareholder value and sustainable solutions [3] Company Overview - Planet Based Foods Global Inc. focuses on sustainable ingredients, plant-based solutions, and advancements in agricultural technology, aiming to create a cleaner and healthier global food system [4] - The company emphasizes environmental stewardship, product excellence, and scalable impact, empowering food manufacturers and consumers to align with evolving consumer values [4]
Planet Based Foods Global Inc. Receives Shareholder Support, Advances Strategic Focus with Enerama Partnership
Newsfile· 2025-09-24 12:58
Core Insights - Planet Based Foods Global Inc. (PBFG) has received strong support from its majority shareholder, Coenda Investments, regarding its new leadership direction and strategic focus [2][3] - The company has announced an exclusive distribution partnership with Enerama Çevre Teknolojileri A.Ş. for North and South America, which is expected to drive growth and long-term value creation [2][3] - PBFG's refined strategy focuses on scaling Agri-Tech distribution and advancing food security solutions, aiming to create sustainable revenue streams and address global food demand [4] Company Overview - PBFG is a women-led public company dedicated to enhancing global food security through sustainable innovation, reflecting a commitment to responsible growth and shareholder value [5] - The company is reimagining the future of food with a diverse portfolio of sustainable ingredients and advancements in agricultural technology, emphasizing environmental stewardship and product excellence [6] Strategic Focus - The partnership with Enerama is intended to leverage clean technology solutions for climate-controlled agriculture, establishing commercial channels with recurring revenue potential [3][4] - PBFG aims to develop scalable food systems that meet rising global demand, creating diversified revenue opportunities across commercial and institutional supply chains [4]
Planet Based Foods Global Inc. Announces Exclusive Distribution Agreement with Enerama, Sets Annual General Meeting, and Appoints Brittany Ray-Wilks as COO
Newsfile· 2025-09-18 01:02
Corporate Developments - Planet Based Foods Global Inc. (PBFG) has entered into a binding framework agreement with Enerama Çevre Teknolojileri A.Ş., granting PBFG exclusive rights in North and South America to distribute Enerama's Dragon Climate Control and Pyramid Garden Vertical Farming technologies [2] - The agreement also allows PBFG to market Enerama products globally and establishes a dealer network across the Americas, with sales targets structured to align distribution performance with equity participation, potentially allowing PBFG to earn up to 80% ownership in Enerama through milestone achievements [3] Annual General Meeting - The Annual General Meeting (AGM) for financial years ended December 31, 2023, and December 31, 2024, will be held on November 24, 2025, as per a Supreme Court order [4] - The record date for determining shareholders entitled to vote at the AGM is October 15, 2025, with further details to be distributed to shareholders [4] Leadership Appointment - Brittany Ray-Wilks has been appointed as Chief Operating Officer of PBFG, bringing extensive experience from her previous roles in industrial services, construction, engineering, and manufacturing sectors [5][6] - Recognized for her ability to scale operations and foster stakeholder relationships, Brittany is expected to play a pivotal role in advancing PBFG's operational and strategic initiatives [7] Company Overview - Planet Based Foods Global Inc. focuses on sustainable ingredients, plant-based solutions, and advancements in agricultural technology, aiming to empower food manufacturers and consumers towards a more sustainable food system [8]
Beyond Oil Announces Exclusive Distribution Agreements in Four European Countries with Pilpel Hungary Kft.
Globenewswire· 2025-09-04 12:00
Core Insights - Pilpel Hungary Kft. has become the exclusive distributor of Beyond Oil's products in Hungary, Austria, the Czech Republic, and Slovakia, with an initial order of 10,800 kg [1][3]. Distribution Agreements - The exclusive distribution rights are effective from September 4, 2025, for an initial term of five years, with automatic renewal options based on minimum purchase requirements [2]. - Pilpel is required to purchase a minimum of 75,600 kg in 2026, with increasing volume commitments throughout the agreement to maintain exclusivity [3]. - An annual royalty of 5% on total sales of Beyond Oil products to end users in the Territories will be paid by Pilpel to Beyond Oil [3]. Leadership and Operations - Pilpel has appointed a dedicated leadership team to manage the partnership, leveraging its established sales organization and logistics network to introduce Beyond Oil products [4]. - Pilpel currently supplies over 1,000 foodservice accounts in Hungary and is expanding operations across Central Europe [4]. Strategic Alignment - The partnership reflects Beyond Oil's strategy to align with exclusive partners capable of delivering sustainable long-term growth in Europe [5]. - Beyond Oil's CEO emphasized the validation of their technology and value proposition through this partnership with a leading European culinary company [6]. Company Background - Pilpel Hungary Kft. is a prominent culinary and food distribution company in Europe, offering a wide range of high-quality products [9]. - Beyond Oil Ltd. focuses on food-tech innovations aimed at reducing health risks associated with frying oil, with regulatory clearances from the FDA and Health Canada [10].
Planet Based Foods Global Inc. Announces Execution of Definitive Agreements for Related Party Debt Settlement
Newsfile· 2025-08-20 21:28
Core Viewpoint - Planet Based Foods Global Inc. has executed definitive debt settlement agreements to extinguish $800,000 of debt through the issuance of subordinate voting shares, thereby strengthening its financial position and focusing on growth initiatives [1][3]. Debt Settlement Agreements - The debt will be settled by issuing shares at a deemed price of $0.0525 per share, which is a 25% discount to the closing price on August 19, 2025 [2]. - A total of 15,238,094 shares will be issued, with 9,523,809 shares going to Coenda for $500,000 of debt and 5,714,285 shares to Baron for $300,000 of debt [2]. Financial Impact - The debt settlement is expected to improve the company's balance sheet significantly by eliminating $800,000 of debt without cash outflow, allowing the company to allocate resources towards growth and operational stability [3]. Related Party Transactions - The creditors involved are related parties, as their principal shareholders are directors of the company, making the debt settlement agreements "related party transactions" under applicable regulations [4]. - The Audit Committee recommended approval of the agreements, citing serious financial difficulty and reasonable terms [5]. Shareholding Changes - Post-settlement, Coenda's ownership will increase from approximately 49.15% to 54.86%, maintaining its status as a control person, while Baron will hold about 16.66% of the shares [6]. Company Overview - Planet Based Foods Global Inc. focuses on sustainable ingredients and plant-based solutions, aiming to contribute to a cleaner and more resilient global food system [7].