21:17:38 EDT Sat 04 May 2024
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or Name
USA
CA



Progressive Planet Solutions Inc (2)
Symbol PLAN
Shares Issued 109,925,515
Close 2023-07-06 C$ 0.225
Market Cap C$ 24,733,241
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Progressive receives Wundercat reorder in B.C.

2023-07-06 10:26 ET - News Release

Mr. Steve Harpur reports

PROGRESSIVE PLANET RECEIVES REORDER OF PET BRAND ADDING $1.2 MILLION IN NEW ANNUAL REVENUES

Progressive Planet Solutions Inc. has received a confirmed reorder from one of North America's top three big-box retailers to continue providing high-quality Wundercat cat litter, one of its signature animal products, across British Columbia.

On Feb. 21, 2023, Progressive Planet announced it entered a distribution partnership with the big-box retailer and, at current reorder rates, the company now projects the distribution partnership for British Columbia to add more than $1.2-million in new revenue annually.

"In our growing base business, we ship more than two million packaged products annually to retail stores across North America," says Steve Harpur, Progressive Planet chief executive officer.

Mr. Harpur added, "Natural animal products, like Wundercat, are a vital part of our growth strategy -- providing cash flow to fuel growth, and opening doors into the largest retail chains as market access for launching new products like natural fertilizer and cement products."

The company has also received an additional 192-tonne order of the mineral byproduct generated during the production of Wundercat, strategically marketed and sold as a natural fertilizer ingredient. The latest confirmed order is the third, and largest, commitment from the same major North American fertilizer manufacturer in the last four months, totalling 328 tonnes.

About Progressive Planet Solutions Inc.

Progressive Planet is a cleantech and manufacturing company based in Kamloops, B.C., in the heart of some of Canada's richest volcanic fields, which are the prime ingredient of the company's innovations. The company's expertise lies in merging cleantech with ancient volcanic ash and recycled minerals to create planet-friendly products that fight climate change and protect the planet's health.

The company's products are in 10,000-plus retail stores across North America. Its innovations, created at the company's C-Quester centre of sustainable innovation, bring positive disruption to the cement, agricultural and animal-care sectors by creating products that help reduce carbon footprints and restore ecosystems.

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