ChinaLast fiscal year about 9% of CZO's revenue came from China. It's beta glucan so it isn't CZO's highest margin product reducing the bottom line impact. In the first two quarters of this year CZO has sold virtually nothing to China. In the Q1 news release CZO said orders were postponed. Gilles has said that its major Chinese client uses the beta glucan in face masks and that it says there is nothing like CZO's quality. Will reordering happen? Canada and the West are experiencing major friction with China. I believe the exports to China may be through German Symrise making China/German relations important. Given the small amount of sales it may be very under the radar. The fall in the Canadian dollar could help offset the loss of China if that happened.
-------
China is warning of “consequences” unless Canada stops spreading “lies and false information” about alleged interference into the nation's affairs
US and Canadian warships pass through the Taiwan Strait On September 9, the U.S. and Canada sent a frigate through the Taiwan Strait.
BREAKING: China says it has identified security problems with Apple’s iPhones
BREAKING: Apple plans to sell made-in-India iPhone 15s on launch day, marking the first time devices assembled in India and China will debut together
Apple’s pivot to India should be celebrated & accelerated even further.
China bans government officials from using Apple iPhones at work