Challenges in the Fashion Industry - The fast fashion business model, built on shorter lead times, cheaper garments, and higher volumes, poses a significant challenge to sustainability [3] - A disconnect exists between production and consumption, leading to overproduction and a throwaway culture, exemplified by textile waste landfills [10][11] - Recycling textiles back into textiles is a complex process, hindering the industry's ability to effectively manage textile waste [12] - Newly produced garments are sometimes cheap enough to be donated instead of worn, and the quality is often too poor for them to be reused [9] Sustainable Solutions and Initiatives - Reusing existing garments and keeping them at their highest quality for as long as possible before downcycling is crucial [13] - Redesign, or upcycling, can turn textile waste into valuable products, as demonstrated by Eleanor Nilson's bathrobes made from unwanted towels [14][15] - Supporting emerging fashion designers focused on circular solutions, such as upcycling wool waste, repurposing knitted tablecloths, and creating new fabrics from secondhand materials, is essential for driving systemic change [17][18][19] - Collaboration with microfactories and larger companies to implement circular ideas, such as bringing back previous collections and making new garments out of old ones, can scale sustainable practices [16] Opportunities for Sweden - Sweden has the potential to lead the transformation towards a more sustainable fashion industry due to its history of design and quality, world-class designers and fashion schools, expertise in textile sorting, and environmentally conscious population [21][22] - New EU regulations making it illegal to throw textiles in household waste or destroy them create transparency and necessitate responsible management of textile waste [21] The Importance of Connection and Investment - Garments should represent connection, understanding, and involvement, making them more than just disposable items [23][24] - Investing in unique, tailored garments and understanding their origins fosters a sense of value and encourages longevity [23]

Group 1: ProGo® Product Overview - ProGo® is distinguished by its unique ability to activate GLP-1 and GIP receptors, supported by clinical studies demonstrating weight loss [1] - ProGo® Bioactive Peptides optimize glucose and fat metabolism, enhancing energy levels and promoting a longer active lifestyle [2] Group 2: Company Background - Hofseth BioCare ASA is a Norwegian company focused on sustainability and optimal utilization of natural resources, upcycling byproducts from the salmon industry into health-improving ingredients [3] - The company offers products such as ProGo®, OmeGo® (whole salmon oil), and CalGo® / NT-II(TM) (salmon bone powder) aimed at improving human and pet health [3] Group 3: Scientific Evidence and Partnerships - Hofseth BioCare emphasizes scientific evidence, leading to academic partnerships and the identification of unique health benefits, including improved iron metabolism and fat reduction in overweight adults with ProGo® [4] - OmeGo® has demonstrated immune health benefits, while CalGo® supports bone and joint health, contributing to healthy aging [4] Group 4: Biotech Ventures - Hofseth BioCare has established a biotech-focused spin-off, HBC Immunology, which has raised external finance and is developing therapeutics for prostate and ovarian cancer, as well as a therapy for asthma [4]

Design & Business Integration - The industry emphasizes merging creativity with business strategy for global leadership [5] - Design should be viewed as a powerful business force, not just art [15] - Marketing is as important as the design and making process [9][10] Sustainability & Upcycling - India has a rich tradition of reuse and repurposing, now known globally as upcycling [6] - Luxury brands are investing in sustainability due to resource scarcity [7][8] - Integrating sustainability into mainstream brands can set global trends [7] Digital Transformation - Digital transformation, including AI and blockchain, is crucial for supply chain management and product positioning [14] - The global stage is one click away, but reaching the right platform is key [12][13] Indian Design Potential - Indian designers can lead globally by embracing business and technology [16] - The industry needs to think beyond aesthetics and borders [16] - India produces the finest textiles, and exclusive marketing and positioning are essential [11]

Core Points - ReGen III Corp. has received approval from the TSX Venture Exchange for a shares-for-debt transaction to settle $164,850 in debenture interest through the issuance of 824,250 common shares at a deemed price of $0.20 per share [1] - The transaction includes the issuance of 122,500 shares to certain insiders, qualifying as a related party transaction under Multilateral Instrument 61-101, with exemptions applied due to the fair market value being below 25% of the company's market capitalization [2] - ReGen III specializes in upcycling used motor oil into high-value Group III base oils, with its patented ReGen™ technology expected to reduce CO2e emissions by 82% compared to virgin crude derived base oils [3] - The company has completed FEL2 and value engineering for its 5,600 bpd UMO recycling facility in Texas, supported by various engineering and construction teams [4] Company Overview - ReGen III is focused on creating sustainable solutions that provide better environmental outcomes and compelling economics in the base oils market [3] - The company aims to become the world's largest producer of sustainable re-refined Group III base oil, operating in an underserved segment of the market [4]

Financial Data and Key Metrics Changes - The company reported an approximate 6% year-over-year decline in total revenue for Q1 2025, primarily due to a decrease in the Verification and Certification Services segment, which saw revenue drop by $252,000 compared to Q1 2024 [4] - Net income for the quarter was $31,000 or $0.01 per diluted share, down from $178,000 or $0.03 per diluted share in the same quarter last year, with more than half of the decline attributed to a $76,000 non-cash charge on digital assets [6] Business Line Data and Key Metrics Changes - The Verification and Certification Services segment, which represents roughly 50% of total revenue, was significantly impacted by fewer cattle moving through the system due to cyclical herd size reduction and severe drought conditions [4] - Despite the challenges, gross margins remained stable at 41.6%, attributed to disciplined cost management [6] - The Upcycled Certified program, the fastest-growing service offering, saw total certifications grow 70% year-over-year in 2024 and 10% growth in Q1 2025 [10] Market Data and Key Metrics Changes - The global food market for upcycling is currently valued at $46 billion and is expected to grow to nearly $75 billion by 2029, indicating a significant market opportunity [10] - The company is experiencing increased demand for biosecurity services due to disease outbreaks affecting poultry operations [6] Company Strategy and Development Direction - The company is focusing on expanding its Upcycled Certified program and fee-based retail labeling program for protein products, targeting mass market and high-end regional retailers [10][11] - The CARES certified program aims to meet growing consumer expectations for responsibly sourced products, enhancing visibility and brand recognition among retail consumers [12] Management's Comments on Operating Environment and Future Outlook - Management views the herd size reduction as a cyclical issue that is expected to reverse in the future, despite current challenges [5] - The company remains optimistic about customer retention rates, which are in the high 90% range, despite the disruptions in verification activities [5] Other Important Information - The company continues to buy back shares, having repurchased 376,000 shares at a cost of $383,000 during the first quarter [7] - The company has faced challenges in communicating its digital asset performance due to media policies, which have affected the visibility of its financial news [8][9] Q&A Session Summary Question: What are the impacts of the current cattle market on the business? - Management noted that the decline in cattle movement is due to cyclical herd size reduction and drought conditions, but they expect this to be temporary [4][5] Question: How is the company addressing the challenges in poultry verification? - The company is seeing increased demand for biosecurity services as a response to avian influenza outbreaks affecting poultry operations [6] Question: What is the growth outlook for the Upcycled Certified program? - The Upcycled Certified program is experiencing significant growth, with a 70% increase in certifications year-over-year and continued expansion expected [10]