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Progressive Planet Solutions Inc V.PLAN

Alternate Symbol(s):  ASHXF

Progressive Planet Solutions Inc. is a Canada-based manufacturing company. The Company is focused on developing critical low-carbon and carbon sequestering solutions using its owned mineral assets and recycled materials to create planet-friendly products, which are being developed at its C-Quester Centre of Sustainable Solutions for the cement, agricultural and animal care industries. The Company’s product lines include patented and patent pending products which are developed using naturally occurring minerals and the urban mining of recycled materials. Its products are available in over 10,000 retail stores across North America. It focuses on reducing the carbon footprint of the global cement industry by developing sustainable alternatives to traditional cement. Its mineral based products include Activated Barn Fresh, Can Blast Abrasives, CAN DRY, Fresh Coop Odour Control and Red Lake Earth, among others. Its operating mines include Red Lake Mine and Bud Bentonite Clay Mine.


TSXV:PLAN - Post by User

Comment by Benedictuson Mar 02, 2023 10:00pm
86 Views
Post# 35316617

RE:Benedictus

RE:Benedictus

Yes, my expectations are more modest; I'm guessing roughly $5.6M revs and 34% GM when they report. I agree that sku rationalization, clever cost cutting measures and the shift to owned brands is resulting in solid GM improvements but without ramped up tolling revenue or sizable contributions from the Agritech side, I'm assuming mid to upper 30's GM's over the course of 2023 and will be happily surprised if they get into the 40's. 

For Agtech and SCM I'm keying off the timeline provided in the investor deck and so I still believe 2023 is a year of trials and tests with the possibility of meaningful off-take agreements coming down the line. Just my take. 

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