VANCOUVER, BC, July 16, 2020 /CNW/ - good natured Products Inc. (the "Company" or "good natured®") (TSX-V: GDNP) today announced the expansion of the good natured® commercial product assortment to include pallet stretch wrap made from 51% plant-based flexible film.
The global stretch and shrink film market, including pallet stretch wrap, is expected to grow by $4.91 billion USD and at a CAGR of 6% from 2019 to 2023. The food and beverage sector is one of the key drivers behind this growth, and preference for eco-friendly, bioplastic materials is creating a unique market opportunity for expansion.1
good natured® has customized and sourced plant-based machine and hand pallet stretch wrap in a range of the most popular gauges for the North American market. These products are made from 51% plant-based materials derived from rapidly renewable sugarcane and are chemically equivalent to conventional #4 LDPE to make the transition for businesses as seamless as possible.
"With our growing list of food producers and supply chain providers as customers, pallet stretch wrap is a natural addition to our product assortment that lets them extend their environmental commitment from the products they produce, to how they're packaged and now all the way to how they're shipped and stored," said Paul Antoniadis, CEO of good natured®. "As part of our approach to offer our customers the widest assortment of eco-friendly products and packaging, we look globally for the latest sustainable materials and design innovations and then turn those into the products and packaging they're using in their everyday operations."
About good natured Products Inc.
good natured® is producing and distributing one of North America's widest assortments of better everyday products® made with the highest possible percentage of renewable, plant-based materials and no BPAs, phthalates or other chemicals of concern potentially harmful to human health and the environment.
With a growing assortment of over 385 products and services, good natured® creates eco-friendly home and business products, food packaging, restaurant/take-out containers, medical and industrial supplies designed to do good for the planet, good for human health and good for business by driving incremental sales, minimizing waste and reducing environmental impact, all bundled up in a fresh and approachable brand.
For more information: goodnaturedproducts.com
On behalf of the Company:
Paul Antoniadis – Executive Chair & CEO
Contact: 1-604-566-8466
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibilities for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information
Information in this news release regarding estimates of future sales constitutes forward-looking information within the meaning of securities laws. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
Such factors include, among others, the risk that future orders may not be placed by the customer due to loss of business to our competitors, replacement of our products with substitutes, a downturn in general economic, market and business conditions or in our customer's business specifically, disruptions relating to the COVID-19 virus and government restrictions relating thereto or otherwise and that as a result, actual sales may be lower than estimated.
When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events.
SOURCE Good Natured Products
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Investor Contact: Spencer Churchill, Investor Relations, 1-877-286-0617 ext. 113, invest@goodnaturedproducts.comCopyright CNW Group 2020