(TheNewswire)
Vancouver, B.C. - TheNewswire- June 28, 2022 –Solarvest BioEnergy Inc. (“Solarvest” or the “Company”)(TSX:SVS) is pleased to announce that its 3rd quarter statements forthe period ended April 30, 2022, related management discussion andanalysis have been filed and are now available on www.sedar.com .
This news release should be read in conjunction withthe Quarterly Filings.
Business Update
The company’s wholly-owned division Eversea AmericaInc. has received an initial US order for its Daily Omega (powder).Daily Omega is the company’s first adult product an organiccertified pure alga that is high in triglyceride DHA. The recommendeddosage is for each serving to provide 450mg. The company requested andreceived a prepayment due to the fact that the presentation andpackaging were for a custom product.
When the expected early July funding is completed, thecompany will commence ane-commerce site revision and implement a USA affiliate program withleading American organic industry insiders. A Public relationsprogram and recruitment of US sales personnel will also move forwardnext month.
Eversea Inc. (wholly-owned division of SVS) hascompleted the development of a suite of organic products built on thefoundation of our patented and patent-pending organic omega-3. Thefirst, our fruit gummy with over 80% organic fruit, is launched andthe second flavour, is ready for production. Additional productsthat are complete and now can be offered forwhite label and in-house branding are outlined below:
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Adult high dose powder in natural andcocoa flavors
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Three shelf-stable functional shots –to support energy, vision & inflammation
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Dry powder formulations that mirror theshots
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Prenatal with folate
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Healthy nackpresentation in two flavours.
All these sales units are unique, highly innovative,and target some of the fastest-growing segments of the nutraceuticalindustry.
The collaboration with E3Live is moving forward withthe identification and documentation of a custom packaging company fortheir white label product. Now that Eversea America Inc. has acollaboration with an organic industry-leading and highly influentialcompany, the strategy is to sign a high-volume packaged goods or agrocery retailer. Talks are progressing with a few companies(US/Canadian and two Asia-Pacific) that fit this objective.
Sales have commenced, albeit, at a rate less than anticipated in the Chinese market which has been slower than expected, primarily due tosubstantial Covid interruptions. The almost complete shutdown ofShanghai port, due to worker shortages (attributed to severelockdowns) has caused widespread problems. The social media seedingprogram (on all three platforms) has continued and the company hasestablished a history of postings and influencer commentary thatshould serve us well over the next few months. The resumption ofnormal commercial activities will allow a sales program to commence inJuly.
AboutSolarvest
Solarvest BioEnergy Inc. is an algaebiologics company whose production platform provides it with anextremely flexible system capable of producing numerous products fromOmega 3 fatty acids to human therapeutic proteins. The Company hassuccessfully developed, patented and produced the world’s onlyplant-based organic certified Omega-3 to satisfy the substantialdemand for this essential nutrient. fermentation facilities.
For further information contact:
Gerri Greenham, CEO
Tel: (647) 204-4095
Email: invest@solarvest.ca
Forward-LookingStatement
This news release containsforward-looking statements, which relate to future events or futureperformance and reflect management's current expectations andassumptions. Such forward-looking statements reflect management'scurrent beliefs and are based on assumptions made by and informationcurrently available to the Company. Investors are cautioned that theseforward looking statements are neither promises nor guarantees, andare subject to risks and uncertainties that may cause future resultsto differ materially from those expected. These forward-lookingstatements are made as of the date hereof and, except as requiredunder applicable securities legislation, the Company does not assumeany obligation to update or revise them to reflect new events orcircumstances.
Neither the TSXVenture Exchange nor its regulation services provider (as that term isdefined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this pressrelease.
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