December 2018 Quarterly Review

23 January 2019

Abundant Produce released our December 2018 Quarterly Review and 4C form to the market today. The key highlights from the Quarter’s activities were:

  • Strategic capital raising: 5 million fully paid ordinary shares at an issue price of 20c per share to raise $1 million.
  • The number of seeds ordered during the quarter was up 188% year-on-year.
  • Abundant Cucumbers receive strong feedback from growers in New South Wales and Victoria.
  • New grower trials commence in Queensland, Victoria and Ontario, Canada.
  • Production scaled up for popular cucumber varieties.
  • Tomatoes grown in commercial quantities for sales, trials and contract growers.
  • ANH’s presence at the inaugural China International Import Expo proves to be dramatically popular, prompting a revision of the business’s brand expansion strategies.
  • ANH’s product development focusses on extending the magnesium range from the two products currently available to six to eight by year end.
  • ANH conducts a major push to be distributed widely in pharmacies across Australia.
  • ANH’s board takes management of the critical Chinese market in-house.
  • ANH Magnesium range appears on shelves in pharmacies and gift shops which specialise in the Daigou trade.

For all the details download the full report.

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