Uncategorized
Share this news article...
Share on LinkedIn
Linkedin
Share on Facebook
Facebook
Tweet about this on Twitter
Twitter
Email this to someone
email

Imaflex Announces CDN $2.7 Million Citrus Film Order

 

 

 

 

 

Imaflex Inc. (TSX-V: IFX), announces that it has received a CDN $2.7 million follow-on citrus film order from a major citrus producer. All amounts are in Canadian dollars.

 

 

“We are pleased to receive our third order this year from this industry leader,” highlighted Mr. Joe Abbandonato, President and Chief Executive Officer of Imaflex. Despite some weather related sales timing issues, total citrus film orders from this customer now stand at CDN $4.5 million for the year-to-date. “This is a clear reflection of the unique benefits our film brings citrus growers.” Not only is Shine N’ Ripe XL effective at reducing the onset of citrus greening, it also boosts tree and fruit growth, which allows for earlier and higher yields, and a significantly shorter pay-back time for citrus growers, compared to current conventional growing practices.   

 

 

The Corporation continues to actively pursue new citrus film customers. Current field trials with growers are going well and initial customer feedback is positive. “Based on this, along with the success of past studies, and the important sales wins to date, we believe this should translate into new customer wins and revenue expansion going forward,” concluded Mr. Abbandonato.

 

 

About Imaflex Inc.

 

Founded in 1994, Imaflex is focused on the development and manufacturing of innovative solutions for the flexible packaging and agriculture industries. The Corporation’s products consist primarily of polyethylene (plastic) film and bags, including metalized plastic film, for the industrial, agricultural and consumer markets. Headquartered in Montreal, Quebec, Imaflex has manufacturing facilities in Canada and the United States.

 

Posted September 5, 2018

Share this news article...
Share on LinkedIn
Linkedin
Share on Facebook
Facebook
Tweet about this on Twitter
Twitter
Email this to someone
email

MORE or "UNCATEGORIZED"


Khiron Announces Closing of $28.75 Million Bought Deal Financing Including Full Exercise of Over-Allotment Option

Khiron Life Sciences Corp. (TSX-V:KHRN) (OTCQB:KHRNF), a cannabis... READ MORE

May 28, 2019

Harborside Closes C$19.65 Million Financing

FLRish Inc. d/b/a/ Harborside, a California corporation which man... READ MORE

May 28, 2019

TerrAscend Announces Closing on $69 Million Non-Brokered Private Placement

TerrAscend Corp. (CSE:TER) (OTCQX:TRSSF) has completed its previo... READ MORE

May 28, 2019

Construction of a hydroelectric generating station for the energy transition in the Inukjuak off-grid system

Innergex Renewable Energy Inc. (TSX: INE) the Pituvik Landholding... READ MORE

May 27, 2019

C21 Investments completes acquisition of Swell Companies

C21 Investments Inc. (CSE: CXXI) (OTC: CXXIF) today announced tha... READ MORE

May 27, 2019

Copyright 2024 The Venture Report