Company: Replenish Nutrients
Listings: CSE Canada , Frankfurt and US OTC
Tickers: ERTH / VVIVF / WIMN
Market cap at time of publication: $5.68 MCAD
Stock price at time of publication: $0.04CAD
Business: Regenerative agriculture
Website: https://www.earthrenew.ca/
ESGFIRE’s Comment:
Replenish’s strategic pivot towards regenerative fertilizers continues to be the right move, as evidenced by robust customer demand. While financial performance in Q2 reflects temporary inventory challenges, the planned completion of the Beiseker facility upgrade will be a game-changer, positioning the company for higher-margin granulated fertilizer production. The departure of Mr. Best aligns with the company’s focus shift, and we look forward to seeing how potentially new board members will complement the growth trajectory. Overall, we remain optimistic about Replenish’s long-term value creation as they expand their presence in the booming regenerative agriculture sector. We see a very good risk reward on current share price levels.
Below is a news summary of the latest corporate news made by Replenish Nutrients:
September 30, 2024: Replenish announced the resignation of Mr. Chris Best from its Board of Directors. Mr. Best’s expertise in the power industry was pivotal under the previous EarthRenew business model. With Replenish now sharpening its focus on regenerative fertilizers, the company is actively seeking a new director to enhance its core fertilizer business, aiming for continued growth in the North American and international markets.
August 28, 2024: Replenish released its second-quarter financial results and business update. The company reported a decline in revenue and gross profit, largely due to seasonal demand variability and higher-cost inventory carryovers. Despite these short-term headwinds, the company anticipates stronger revenue and margins in the latter half of 2024, thanks to an ongoing shift from lower-margin blended fertilizers to higher-margin granulated fertilizers. Upgrades to the Beiseker facility are progressing, with expected completion by late 2024 or early 2025. Replenish is also advancing its DeBolt project and is awaiting further updates on its ERA grant application.
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ESGFIRE is an investment company and research firm that focuses on ESG companies with either an environmentally friendly service or product. ESGFIRE has a performance record of over 1000 % returns since 2018.
Contact details
Website: www.esgfire.com
Group CEO: Filip Erhardt
Email: Filip@esgfire.com
Telephone:+46701609605
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This post is based upon reliable sources, namely regulated press releases from the company, as referred to above. Nevertheless, this post may contain interpretations, estimates, or opinions of the authors, or other non-factual information. If that is the case, this is continuously stated above. Furthermore, any projections, forecasts, or similar are explicitly stated as such.
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