RE:Expanded Product Line Based on the MD&A (released in November 28, 2022), as of September 30, 2022, Earth Alive had net working capital of $8,468,337 and almost no debts.
“With a strong balance sheet, a solid pipeline, new structural projects that will allow to secure long-term relationships and resources to deliver its commitments, the Company is in a good position to create solid growth in the upcoming quarters. Earth Alive’s President and Chief Executive Officer demonstrated his confidence in the future of the Company as he bought over 2.5M shares since October 1st 2022.”
“ Currently, the Company’s agriculture products are distributed in seven countries, on a non-exclusive basis. New distributors are finalizing registration transfers, setting up demonstration plots and finalizing legal agreements, which will enable them to add Earth Alive’s agriculture products to their offerings. The Company expects that its Madrid initiative will also increase sales of Soil Activator and other agriculture products in 2023.”
“As of September 30, 2022, Soil Activator is a registered input in 16 countries as well as 40 states in the USA. Registration processes are still underway in Vietnam, Thailand, Mexico, Nigeria, the European Union and Morocco with support from local partners. New distribution partnerships in Colombia, Ecuador and Central America have begun yielding additional sales with orders in Colombia and Central America that were delivered in the third quarter of 2022. The Company’s efforts to open the European market are underway starting mainly in Spain and results from these efforts will be coming in in Q1 2023.”
“In May 2022, the Company announced that it had signed a contract with Boudrias Horticulture and Les Sols Isabelle for the distribution in big box stores in Canada for the next three years. The first order was delivered early in the second quarter and our products are now available in big box stores across Canada.”
Please read the MD&A for details:
https://www.sedar.com/CheckCode.do
(Please be noted that this is the information I found. It is NOT any investment advice. Do your own DD.)