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Bullboard - Stock Discussion Forum Ceapro Inc V.CZO

Alternate Symbol(s):  CRPOF

Ceapro Inc. is a Canada-based biotechnology company. The Company is involved in the development of extraction technology and the application of this technology to the production of extracts and active ingredients from oats and other renewable plant resources. Its primary business activities relate to the development and commercialization of natural products for personal care, cosmetic, human... see more

TSXV:CZO - Post Discussion

Ceapro Inc > Table has slipped
View:
Post by fossi_2002 on Feb 08, 2024 8:18am

Table has slipped

Sorry the table has slipped.
Operating income 4th Q. 162 mill. after 92 mill.
Year 23   679 after 708

Comment by ZoranSto on Feb 08, 2024 9:14am
Thanks for the information. A couple of questions: Are there any other suppliers that can replace Ceapros product? Did they have that much inventory that they could avoid buying stock from Ceapro? Could they be using less of Ceapro product in there manufacturing process? These are the only things that come to mind as to why there is such a drop in sales to Kenvue. Regardless ceapro should have ...more  
Comment by Ciao on Feb 08, 2024 9:18am
When you have an unmotivated, disengaged CEO, who is not accountable, and is content to sit on the laurels of J&J's success with AVEENO, I guess we shouldn't expect much. "Regardless ceapro should have grown their business instead of relying on one large customer."
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