We need better information on competitionThis week, with the stock price continuing to linger in the $1.00 range I've been doing a bit more research into who our competition is.
Turns out, there's a lot more of it than I previously thought.
https://greendish.ca/ is near the top of the list when searching google for biodegradable food packaging.
They carry a lot of restaurant / take-out style containers, including biodegradable/compostable cutlery.
https://www.mrtakeoutbags.com/store/sbt-green-packaging.html is another search result. They have a
lot of products, including tamper evident.
https://bulkmart.ca/collections/eco-friendly-disposables Another sizable site offering similar poducts.
Anyway, there's actually way more companies doing this than I thought (it's actually a little overwhelming). To me, this is a good news / bad news story. On the one hand there's a lot of space for us, but also a lot of competition. Also, most of the places I looked at are not public companies so they may be willing to be acquired.
I think it's also a possibility that at least some of these companies could (today or tomorrow) be customers of GDNP for our roll stock.
I'm going to cointinue my research and start asking IR some questions to get a better idea of how we stand out from the competition.
I thought we were a lot more unique than it appears we actually are.