TSXV:POND - Post Discussion
Post by
maysilverstone on Jun 02, 2021 4:14pm
$POND Q1 2021 Highlights
Recently $POND released their financial statements for Q1 ending March 31, 2021.
- 58% increase in Pond Naturals Revenue (led by growth in sales of ingredients and Regenurex astaxanthin products)
- Positive Working Capital of $532,000
- Decrease in net loss ($31,000 lower)
Currently sitting at $0.64, with a mc of $27.65M, Pond is a technology company that profitably transform's CO2 from any source into valuable algae-based products such as bioproducts, food ingredients, or nutraceuticals. With algae expected to be the future of plant-based feeds for livestock, their resource efficient method requires minimal land and loses zero water.
With the current climate crisis, this innovative method that uses greenhouse gases associated with global warming to create algae products is game-changing.
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