Good Natured Products Inc V.GDNP.H

Alternate Symbol(s): GDNPF

Chemicals Basic Materials

good natured Products Inc. offers an assortment of plant-based products made all, or in part, from the maximum possible amount of rapidly renewable resources. The Company’s segments include Industrial, Packaging, General Merchandise, Commercial Business Supplies, and Services. The Company engineers and distributes a diverse range of bio-based products across various sectors, including grocery, restaurant, electronics, automotive, and pharmaceuticals. Its operations are within the packaging and consumer goods manufacturing industry. It offers over 400 products and services through wholesale, direct to business and retail channels. It also offers direct purchasing through its own e-commerce platform in the United States and Canada and through Amazon and other third-party channels. It offers consumers, business owners and operators’ plant-based alternatives to everyday petroleum-based products that are being used in homes and businesses.

TSXV:GDNP.H - Post by User

Good Natured Products Inc > BIO PET - so what?.....ohhhhhh.........

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Comment by Zipolitemexicoon Mar 18, 2021 11:14am

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Post# 32825747

RE:BIO PET - so what?.....ohhhhhh.........

This should open up many opportunities. Most companies have ESG poliices that have targets to reduce their impact on the environment.

Take Lolaws for example; Galen Weston, in a letter to customers stated: "we bring new energy to the old “Three R’s” – reducing, recycling, and reusing plastics." They are committed to dealing with plastics. So if there were to use this product, they could reduce the amount of plastic they use within the packaging by 30%. Thats huge. To me it looks like a very easy way to reduce their carbon footprint

"Correct me if I'm wrong, but this should open quite a few opportunities for potential customers."

dileas48s wrote: I admit that I did not understand the significance of the press release earlier this week.

When I read it, it felt a little bit like a step in the wrong direction. A bit of research has cleared things up for me.

First, here's a link to quick guide on recycling:

https://millerrecycling.com/plastics-recycling-numbers/

Next, On the GDNP FAQ page scroll down and select the option: 'What is Bio-PET?'

https://goodnaturedproducts.ca/pages/faq

If I understand correctly, this now enables GDNP's product to be stamped with a '1' symbol, where previously this was not the case. Meaning, the product is now far more accessible to blue box programs everywhere

Correct me if I'm wrong, but this should open quite a few opportunities for potential customers.