TSXV:GDNP.H - Post by User
Comment by
thelostarcon Oct 14, 2021 8:58am
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Post# 34004437
RE:RE:GDNP to sign a multi-year agreement with US food producer.
RE:RE:GDNP to sign a multi-year agreement with US food producer.roblake29, Want to say it is a food intermediary and not necessarily a food service or fast food chain. For example, the customer could be a company like Universal Corporation, a tobacco supplier now expanding into food ingredients, fruits and flavoring. If you look at Universal's recent acquisition of Shanks, you will see bottling and packaging capabilities mentioned, a first for Universal. There are many such food producer intermediaries in the US, acting as potential customer base for GDNP to win over. Hoping to see a few more big contracts as organic growth accelerates alongside acquisitions, that is when the real compounding of revenues will kick in. My estimates for top line are $60MM for 2021, $110MM for 2022 and $200MM for 2023, reaching $1Bn for 2030. With stories like these, have to give management 7 to 10 years to build out the business.