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Beyond Oil Ltd C.BOIL

Alternate Symbol(s):  BEOLF

Beyond Oil Ltd. is a Canada-based food technology company. The Company develops and manufactures and patented products. The product integrates into the existing filtration systems of both commercial and industrial fryers, reducing oil costs, helping create healthier food, decreasing waste and increasing sustainability. The Company specializes in filtering and processing aid products that can address many oils, applications, and industries. As a preferential adsorbent, the product reduces and prevents the formation of harmful components, such as free fatty acids (FFA), total polar materials (TPM), acrylamide, polycyclic aromatic hydrocarbons (PAHs), trans fats, and other impurities. It delivers a healthier final product by reducing the formation of carcinogenic substances in fried food. The Company provides Food service Frying and Industrial Frying. Its product is an active filter powder that eliminates harmful Free Fatty Acids generated in oil.


CSE:BOIL - Post by User

Post by lscfaon Nov 28, 2022 12:05pm
216 Views
Post# 35133973

q3 on sedar

q3 on sedarThe Company does not currently generate any revenue. As at September 30, 2022, the Company’s cash balance was $1,547,902 (December 31, 2021 - $388,154) with a working capital of $319,096 (December 31, 2021 – a negative working capital of $1,016,977). The increase in working capital was due to the receipt of proceeds of $3,500,000 received from the Special Warrant Financing. Seed Financing and Bridge Financing in the nine months ended September 30, 2022. The Company’s operations used $1,750,594 during the nine months ended September 30, 2022 (2021 –$477,738).
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