Imaflex Inc V.IFX

Alternate Symbol(s): IFLXF

Forest Products Paper & Paper Products

Imaflex Inc. is focused on the development and manufacturing of solutions for the flexible packaging and agriculture industries. The Company’s products consist primarily of polyethylene (plastic) film and bags, including metalized plastic film, for the industrial, agricultural and consumer markets. Its polyethylene films are mainly sold to printers known as converters, who process the film into a finished product to meet their end-customer needs. Additionally, its films are sold directly to customers to protect and market their own products or bought by distributors for re-sale. Its agricultural films are finished products, predominantly sold directly by the Company to growers. Its portfolio includes common mulch, compostable and fumigant barrier films, as well as metalized crop protection films that add pest/weed control and/or accelerated growth benefits beyond those provided by its common mulch films. It has manufacturing facilities in Canada and the United States.

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Imaflex Inc

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Post by PhiladelphiaCoon May 25, 2023 3:12pm

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During the first quarter of 2023, the Company lent..

16. Related party transactions

During the first quarter of 2023, the Company lent an amount of $1 million to an individual who is an officer, a shareholder and a director of the Company. This loan bears interest at an annual rate of 5% and is to be repayed within the next 12 months. As at March 31, 2023, the entire amount of this loan remained outstanding.

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