Agriculture

Earth Alive Clean Technologies Inc. (TSXV: EAC) ("Earth Alive" or the "Company"), a Canadian soil health company that develops and manufactures advanced microbial technology products, this morning reported results for the three-month period ended March 31, 2021. All financial information herein is in Canadian dollars unless otherwise noted.

Business Highlights

  • $5 million non-brokered private placement completed on February 26, 2021 with net proceeds to be used to grow the size of the team, to fund operational projects including R&D as well as and the growth of the business, and for general corporate purposes.
  • US$500,000 purchase order for the ea1 TM dust suppressant ("ea1") announced on March 30, 2021, the fourth consecutive order since November 2018 by this customer for its mine located in Mexico.

First Quarter 2021 Financial highlights

  • Revenues continued on a positive trend, increasing to $943,139 up from $667,271 in Q4-2020 and $192,473 in Q3-2020. This compares to $1,253,822 for the same period in 2020.
  • First quarter 2021 gross margin in percentage terms was the highest in more than two years, at 34.0%, compared to 31.8% in the same period last year.
  • Total operating expenses for the quarter were $499,945 compared to $621,210 in Q1-2020 due to a more efficient operational structure, the internalization of certain processes that were previously outsourced and, to a lesser extent, the lower travel and travel-related expenses caused by restrictions related to the COVID pandemic.

"Our customers operations and global transportation and logistics remain affected by the pandemic, but we are confident in our current sales pipeline with the various mining groups we are working with", said Michael Warren, President and Chief Executive Officer. "The financing completed in February has given us the ability to add much needed sales resources to the company and we are moving forward with new hires to increase and support our expanding sales network."

Earth Alive Consolidated Financial Statements and Management's Discussion and Analysis for the first quarter ended March 31, 2021 are available on SEDAR at www.sedar.com and on our website at https://earthalivect.com/ .

About Earth Alive Clean Technologies

Earth Alive is a soil health company and an industry leader in microbial technologies. Earth Alive's innovative products contribute to regenerative agriculture, natural dust suppression with minimal water use and industrial cleaning that is ecological and human friendly. For additional information, please visit: https://earthalivect.com/ .

Forward-Looking Information : Certain information in this press release contains forward-looking information and forward-looking statements, which reflect the current view of management with respect to the Company's objectives, plans, goals, strategies, outlook, results of operations, financial and operating performance, prospects and opportunities. Wherever used, the words "may", "will", "anticipate", "intend", "estimate", "expect", "plan", "believe" and similar expressions identify forward-looking information and forward-looking statements. Forward-looking information and forward-looking statements should not be regarded as a guarantee of future events, performance or results, and will not necessarily be an accurate indication of whether, or the times at which, such events, performance or results will be achieved. All of the information in this press release containing forward-looking information or forward-looking statements is qualified by these cautionary statements. Readers are urged to consider the risks, uncertainties and assumptions carefully in evaluating the forward-looking information and forward-looking statements and are cautioned not to place undue reliance on such information and statements. The Company does not undertake to update any such forward-looking information or forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Earth Alive Clean Technologies Inc. For more information contact:
9641 rue Clement Mr. Michael Warren
Lasalle, Québec Canada Email: mwarren@earthalivect.com
H8R 4B4 Tel: +1 (514) 941-7350
Tel.: +1 (438) 333-1680
www.earthalivect.com

Primary Logo

News Provided by GlobeNewswire via QuoteMedia

Billy Goat

Billy Goat Brands Announces Closing of Private Placement of Special Warrants

Billy Goat Brands Ltd. (the " Company " or " Billy Goat Brands ") (CSE: GOAT), an investment issuer focused on identifying, sponsoring and incubating ESG-focused companies in the plant-based food technology sector on their way to bespoke liquidity events, is pleased to announce it has closed the non-brokered private placement of 16,150,000 special warrants (" Special Warrants ") at a price of $0.05 per Special Warrant for gross proceeds of $807,500. Each Special Warrant is convertible into units (the " Units ") with each Unit consisting of one common share (the " Shares ") of the Company and one transferable common share purchase warrant (the " Warrants "), with each Warrant entitling the holder thereof to purchase one additional Share of the Company at a price of $0.10 per Share for a period of 60 months from the date of issuance of the Warrants.

All securities are subject to a four-month hold period pursuant to applicable securities laws of Canada, after which time the Special Warrants are convertible into the Units.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Billy Goat

Billy Goat Brands Provides Corporate Update

Billy Goat Brands Ltd. (the " Company " or " Billy Goat Brands ") (CSE: GOAT), an investment issuer focused on investing in high-potential companies operating in the plant-based food technology sector, is pleased to announce the appointment of Alex Benger as a director of the Company.

Mr. Benger is an accomplished leader and entrepreneur with experience in the biotech and plant-based sectors. Alex Benger also has several years of experience in marketing having led several creative digital marketing strategies over a variety of industries. He holds a Bachelor's in Economics and a Minor in Business from the University of Victoria.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
plow working fields

Why Food Security is a Resource Supply Chain Opportunity

There was a time when the food supply chain was at once simple, localized and cyclical. But those days are far behind us. As the world's population has continued to increase, demand for food has far outstripped the production capacity of simple agriculture.

Today, the food supply chain is incredibly complex, with multiple supply chain layers, billions of actors and trillions of transactions. Unfortunately, owing at least partially to this complexity, it is also increasingly unstable and increasingly prone to either disruption or interruption. Food insecurity is a growing problem in both the developed and underdeveloped worlds, and it has grown exponentially worse due to recent events.

Even major economies such as the US are affected. Potassium — one of three critical materials in agriculture — is in short supply, as the country only produces roughly 5 percent of what it needs domestically.

Keep reading...Show less
Billy Goat

Billy Goat Brands Appoints Shriram Bangalore as Chief Financial Officer

Billy Goat Brands Ltd. (the " Company " or " Billy Goat Brands ") (CSE: GOAT), an investment issuer focused on identifying, sponsoring and incubating ESG-focused companies in the plant-based food technology sector on their way to bespoke liquidity events, is pleased to announce it has appointed Mr. Shriram (Ram) Bangalore as Chief Financial Officer. Ram brings more 10 years of varied experience in financial and taxation management, corporate strategy, controls, accounting and financial reporting to the Company. Ram holds a Bachelor of Commerce and is a member of the Chartered Professional Accountants, Canada since 2018.

Furthermore, CFO and founding director of the Company, Kerry Biggs, has stepped down and also resigned from the Board effective immediately. The Company would like to thank Mr. Biggs for his valuable contributions to date and wishes him the best of luck with his future endeavours.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Sage Potash

Sage Potash


Keep reading...Show less

Latest Press Releases

Related News

×