Ceapro Inc V.CZO

Chemicals Specialty Chemicals

Ceapro Inc. is a Canada-based biotechnology company. The Company is involved in the development of extraction technology and the application of this technology to the production of extracts and active ingredients from oats and other renewable plant resources. Its primary business activities relate to the development and commercialization of natural products for personal care, cosmetic, human, and animal health industries using technology, natural, renewable resources, and developing products, technologies, and delivery systems. The Company's products include a commercial line of natural active ingredients, including beta glucan, avenanthramides (colloidal oat extract), oat powder, oat oil, oat peptides, and lupin peptides, a commercial line of natural anti-aging skincare products, utilizing active ingredients, including beta glucan and avenanthramides and veterinary therapeutic products, including an oat shampoo, an ear cleanser, and a dermal complex/conditioner.

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Ceapro Inc

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Post by fossi_2002on Jan 22, 2024 8:32am

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Post# 35838588

Chalice: Reduction in Salaries and director fees

In light of current weak market conditions, a further expenditure review has been completed and 2024 expenditures are expected to reduce by ~40% relative to 2023:

Material reductions in executive salaries, director fees and other corporate costs, plus a rationalisation of the Company’s management structure, has driven a ~$2.2Mp.a. decrease in corporate overheads.

CHO/AEZS could take an example from this!!!

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