TSXV:POND - Post Discussion
Post by
maysilverstone on Jun 09, 2021 5:09pm
Pond Technologies
$POND is currently one of my favourite companies in the green tech space. At $0.65 today with a mc of only $28.09M, Pond is one of the few public companies that focuses on carbon capture.
- Profitably transform's CO2 from any source into valuable algae-based products such as bioproducts, food ingredients, or nutraceuticals.
- Emissions from smokestacks/other industrial facilities are redirected to bioreactors where algae is grown and O2 is released
- Algae produced can be harvested into value-added products such as superfoods (chlorella and spirulina), clean feed for farm animals, natural cosmetics and food additives, and even biodegradable plastics
They recently announced that their wholly-owned subsidiary, Pond Naturals, received a white label order for 5k bottles of Astaxanthin from a U.S. client.
Pond Naturals rev grew 24% in 2020 to about $4.5M and they are anticipating continued growth in 2021 due to their strong re-order levels, new clients onboarding, and ongoing discussions in regard to entering new formulation verticals with CPG and CBD companies.
Additionally, their recent financial statement's for Q1 ending March 31, 2021 showed improvement with a 58% increase in Pond Naturals Rev, a positive working Capital of $532,000, and a decrease in net loss by $31k.
This one has LOTS of potential as the carbon capture industry will experience high growth in the upcoming years due to the shift towards an increased focus on tackling climate change.
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