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Beyond Oil Ltd ( (TSE:BOIL) ) has issued an update.
Beyond Oil Ltd. has successfully delivered its February order of 16.48 tonnes to Latitude, marking a more than 50% increase from the previous month, as part of a strategic five-year master distribution agreement. This growth highlights the increasing demand for Beyond Oil’s innovative products in the U.S. food service industry, positioning the company to expand its market presence significantly by leveraging Latitude’s extensive distribution network.
More about Beyond Oil Ltd
Beyond Oil Ltd. is a food-tech innovation company focused on creating solutions that address health risks, sustainability, and cost reduction in the food service industry. With over 15 years of experience, the company has developed patented technology that reduces harmful compounds in frying oil, with regulatory approvals from the FDA and Health Canada. Their solutions aim to mitigate the global issue of reusing frying oil in various food service settings.
YTD Price Performance: 76.87%
Average Trading Volume: 94,776
Technical Sentiment Consensus Rating: Sell
See more insights into BOIL stock on TipRanks’ Stock Analysis page.
