Good Natured Products Inc V.GDNP.H

RE:RE:RE:The stock is in lala land

[Canoutchie]

It's not just McDonald's or Unilever. In every grocery store's fresh produce aisle, small clear plastic bags are used for tomatoes, apples, oranges, beans, pea pods, bean sprouts, mushrooms, or any number of smaller fresh produce purchases. They'll soon be looking to switch to an alternative. Good Natured already has a plant based cellophane-type stretch wrap. I'm pretty sure CEO Paul Antoniadis was talking about a plant based plastic bag as another opportunity, and the fresh produce plastic bags in every grocery store is something that is an easy switch, and a huge customer relations opportunity, for the first few grocery stores to make the switch. Of course, the rest will likely follow the leaders, as grocery stores quickly adopted reusable checkout bags.

Zipolitemexico wrote:

That 50% growth rate will be sustainable for the foreseeable future and could accelerate due to government bans on plastic waste and many consumer companies, McDonald’s and Unilever to name a few, have said they will improve their plastic packaging over the next decade....