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Beyond Oil Expands into U.S. Supermarket Vertical with Multi-Phase Commercial Rollout with a Top-Tier U.S. Supermarket Brand
Globenewswire· 2026-03-30 12:00
Core Insights - Beyond Oil Ltd. has successfully completed its initial deployment across 13 locations in the U.S. supermarket segment and is expanding to additional locations with the potential to scale across hundreds of stores [1][2] Group 1: Company Overview - Beyond Oil Ltd. is a food-tech innovation company focused on reducing health risks associated with fried food, lowering operational costs, minimizing waste, and enhancing sustainability [1][5] - The company's patented technology significantly reduces harmful compounds in frying oil, addressing critical health concerns linked to reused frying oil [5] Group 2: Market Expansion - Following a successful pilot, Beyond Oil has received strong operator satisfaction and measurable performance improvements, leading to an expansion into additional locations within the same retail group [2] - The next phase of rollout is expected to include dozens of other locations, with a long-term opportunity to scale across hundreds of supermarkets across multiple states [2][3] Group 3: Industry Potential - The entry into the food retail vertical represents a substantial expansion opportunity, particularly in prepared food programs characterized by high frying volumes and strong recurring usage [3] - Supermarket and convenience store prepared food programs are increasingly central to the customer experience, and Beyond Oil's solutions are positioned to help operators improve food quality and operational efficiency [4]
Beyond Oil Becomes Approved Vendor of Premium Casual Dining Chain in the United States
Globenewswire· 2026-03-16 12:00
Core Insights - Beyond Oil Ltd. has commenced the initial commercial rollout of its technology in 70 restaurants across several southeastern U.S. states, marking a significant step in its U.S. expansion strategy [1][3][4] Group 1: Company Overview - Beyond Oil Ltd. is a food-tech innovation company focused on reducing health risks associated with fried food, lowering operational costs, improving food quality, minimizing waste, and enhancing sustainability [1][5] - The company's patented technology has received regulatory clearances from the FDA and Health Canada, significantly reducing harmful compounds in frying oil [5] Group 2: Market Penetration - The approval as a vendor by a medium-sized restaurant chain in the U.S. follows a successful 13-location market validation program that showcased the technology's performance [2][3] - This partnership allows Beyond Oil to penetrate the premium casual dining sector and lays a foundation for accelerated growth within the chain's extensive U.S. restaurant network [2][3] Group 3: Initial Rollout and Future Plans - The initial rollout into 70 restaurants is expected to be followed by an extension across the entire restaurant group, which consists of hundreds of locations in the U.S. [3] - The company aims to demonstrate how its solution enhances food quality while providing operational efficiencies and health benefits to restaurant operators [4]
Beyond Oil Announces Meeting of Shareholders
Globenewswire· 2026-02-23 13:00
Core Viewpoint - Beyond Oil Ltd. is focused on food-tech innovations aimed at reducing health risks associated with fried food while enhancing sustainability and operational efficiency [1][3]. Company Overview - Beyond Oil Ltd. is dedicated to creating solutions that mitigate health risks, reduce costs for food service companies, and improve sustainability [3]. - The company's patented technology has received regulatory clearances from the FDA and Health Canada, significantly reducing harmful compounds in frying oil [3]. - Beyond Oil addresses the widespread practice of reusing frying oil, which is common in various food service settings, including restaurants, hotels, and institutions [3]. - The product is backed by extensive research highlighting its effectiveness in reducing health risks linked to reused oil, such as cancer and cardiovascular diseases [3]. - Additional benefits of Beyond Oil's solution include improved food quality, operational cost savings, and reduced environmental impact [3]. Upcoming Shareholder Meeting - Beyond Oil will hold a Special Meeting of Shareholders on March 12, 2026, at 8:00 a.m. Pacific time [1]. - The meeting will discuss the company's intention to transition from the Business Corporations Act (British Columbia) to the Ontario Business Corporations Act for administrative purposes, pending shareholder approval [2].
Beyond Oil to Commence Trading on the Toronto Stock Exchange
Globenewswire· 2025-11-13 13:00
Company Overview - Beyond Oil Ltd. is a food-tech innovation company focused on reducing health risks associated with fried food, lowering operational costs, minimizing waste, and enhancing sustainability [3] - The company has over 15 years of experience in creating solutions that address critical health concerns and improve sustainability in the food service industry [3] - Beyond Oil's patented technology has received regulatory clearances from the FDA and Health Canada, significantly reducing harmful compounds in frying oil [3] Recent Developments - Beyond Oil's common shares began trading on the Toronto Stock Exchange (TSX) under the symbol "BOIL" as of November 13, 2025 [1][2] - The CEO, Jonathan Or, emphasized that this uplisting validates the company's innovative approach and positions it well for international expansion and partnerships with leading foodservice brands [2] Industry Impact - The company's technology addresses the widespread practice of reusing frying oil, which poses health risks linked to cancer and cardiovascular diseases [3] - Beyond Oil's solution not only mitigates health risks but also offers benefits such as improved food quality, operational cost savings, and reduced environmental impact [3]
Beyond Oil Announces Voting Results of Annual and Special Meeting of Shareholders
Globenewswire· 2025-07-21 12:00
Core Insights - Beyond Oil Ltd. is focused on food-tech innovations aimed at reducing health risks associated with fried food while enhancing sustainability and operational efficiency [1][3] - The company held its annual and special meeting on July 18, 2025, where 35.07% of outstanding shares were represented, and all items of business were approved by shareholders [1][2] Company Developments - The company has appointed Yaffa Brizinov to its board of directors, who brings extensive experience in enterprise IT and digital transformation [2] - Beyond Oil has applied to uplist its shares on the Toronto Stock Exchange and will provide updates as they become available [2] Technology and Market Position - Beyond Oil's patented technology significantly reduces harmful compounds in frying oil, addressing health concerns linked to reused frying oil, which is common in various food service settings [3] - The company's solutions aim to mitigate health risks associated with reused oil, which has been linked to cancer and cardiovascular diseases, while also improving food quality and reducing operational costs [3]
Beyond Oil Strengthens Leadership with the Addition of Giora BarDea, Former CEO of Strauss Group
Globenewswire· 2025-07-09 12:30
Core Insights - Beyond Oil Ltd. has appointed Giora BarDea as VP of Global Strategy to enhance its global growth strategy in the foodservice and food industries [1][2][3] Company Overview - Beyond Oil Ltd. is a food-tech innovation company focused on reducing health risks associated with fried food, lowering operational costs, minimizing waste, and enhancing sustainability [1][5] - The company has developed patented technology that significantly reduces harmful compounds in frying oil, addressing health concerns linked to reused oil [5] Leadership Appointment - Giora BarDea brings over 30 years of leadership experience in the food and beverage industry, including significant roles at Strauss Group, where he expanded its global footprint [2][4] - His appointment is expected to strengthen Beyond Oil's leadership team and support its ambitious growth strategy [2][3] Strategic Focus - In his new role, BarDea will concentrate on long-term strategic planning, expanding international partnerships, and strengthening the distribution network [1][2] - The company aims to scale its impact across the global food sector by leveraging BarDea's expertise in operational efficiency and sustainability [3][4]
Beyond Oil Engages ICR for Strategic Communications
Globenewswire· 2025-06-04 12:30
Core Insights - Beyond Oil Ltd. has engaged ICR, Inc. to enhance its investor relations and corporate communications in North America, reflecting the company's accelerating commercial momentum [1][5] - The agreement with ICR includes a monthly retainer of US$15,000 for a 12-month term, focusing on developing an annual investor relations plan and managing corporate communications [3] - Additionally, Beyond Oil has partnered with Gotlive Investor Relations Consulting for investor relations services in Israel, with a monthly retainer of 10,000 New Israeli Shekels [4][5] Company Overview - Beyond Oil Ltd. is a food-tech innovation company dedicated to reducing health risks associated with fried food while improving sustainability and lowering operational costs [1][6] - The company's patented technology significantly reduces harmful compounds in frying oil, addressing health concerns linked to reused oil, which is common in various food service settings [6] - Beyond Oil's solutions aim to mitigate health risks, improve food quality, and reduce environmental impact, supported by extensive research [6]
Beyond Oil Reports Financial Results for the First Quarter of 2025
Globenewswire· 2025-05-28 12:30
Core Insights - The first quarter of 2025 for Beyond Oil Ltd. saw record revenues of US$1.01 million, marking a 660% year-over-year growth and 216% sequential growth from Q4 2024, driven by global commercialization efforts and market adoption [2][4]. Financial Highlights - Revenue increased to $1.01 million in Q1 2025 from $0.13 million in Q1 2024, and $0.32 million in Q4 2024, surpassing the total revenue for the entire financial year 2024 [4]. - Gross profit rose to $513 thousand in Q1 2025, a 1176% increase from $41 thousand in Q1 2024, and a 266% increase from $140 thousand in Q4 2024 [4]. - Cash position improved to $4.49 million as of March 31, 2025, a 24% increase from $3.62 million as of December 31, 2024 [4]. - Operating expenses were $2.21 million in Q1 2025, up from $0.75 million in Q1 2024, reflecting strategic investments in global expansion and marketing [4]. - Net loss for Q1 2025 was $11.01 million, compared to $0.71 million in Q1 2024, primarily due to non-cash expenses [4]. Strategic Developments - The company announced a C$10.64 million private placement led by Clal Insurance, aimed at supporting growth initiatives, which was completed in Q2 2025 [4]. - Approximately C$7.2 million was raised through warrant exercises, indicating strong investor confidence [4]. - A Master Distribution Agreement was executed with Latitude Ltd. for the U.S. market, with initial shipments already completed [5][4]. Market Expansion - Beyond Oil expanded its distribution network in Europe with new agreements in multiple countries including the Netherlands, France, Spain, Hungary, Belgium, Portugal, Sweden, and Greece [8]. - The company entered into a five-year distribution agreement in Australia and a distribution agreement in India, further enhancing its global market presence [8].
Beyond Oil Announces Closing of C$10.64 Million Brokered Private Placement Led by Israeli Institutional Investor Clal Insurance
Globenewswire· 2025-05-21 20:10
Core Viewpoint - Beyond Oil Ltd. successfully closed a brokered private placement, raising gross proceeds of C$10,641,615.60, which will be used to support global expansion initiatives and enhance product distribution [1][3]. Group 1: Investment Details - The private placement was led by Clal Insurance Company Ltd., a major institutional investor in Israel, along with an Israeli-based investment fund [2]. - A total of 3,042,200 units were issued at a price of C$3.498 per unit, with each unit consisting of one common share and warrants [3][9]. - The company paid aggregate cash compensation of C$224,641.56 in connection with the offering [4]. Group 2: Strategic Implications - The investment from Clal validates Beyond Oil's technology and business model, providing necessary capital for expansion [3]. - Beyond Oil has committed to completing an uplisting to a senior exchange in Canada or the United States within the next six months [6]. Group 3: Company Overview - Beyond Oil Ltd. focuses on food-tech innovations aimed at reducing health risks associated with fried food, improving sustainability, and lowering operational costs [1][7]. - The company's patented technology significantly reduces harmful compounds in frying oil, addressing health concerns linked to reused oil in various food service settings [7].
Beyond Oil Announces Exercise of Warrants and Purchase of Warrant Shares by Clal Insurance
Globenewswire· 2025-05-12 20:05
Core Insights - Beyond Oil Ltd. has received C$2.166 million from the exercise of 1,836,766 warrants by the Or family, contributing to a total of C$7,007,043.12 in warrant exercise proceeds since January 1, 2025 [1][3] - Clal Financial Management has purchased the resulting common shares from the Or family at C$3.498 per share, totaling C$6,421,509.47 [2] - The company expects to close a brokered private placement of up to C$10.85 million, led by Clal, by May 20, 2025 [3] Company Overview - Beyond Oil Ltd. is a food-tech innovation company focused on reducing health risks associated with fried food while enhancing sustainability and lowering operational costs [4] - The company's patented technology significantly reduces harmful compounds in frying oil, addressing health concerns linked to reused frying oil, which is common in various food service settings [4] - Beyond Oil's solutions aim to mitigate health risks, improve food quality, and reduce environmental impact, backed by extensive research [4]