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July 01, 2015 12:06 PM ET

Personal Products

Company Overview of Natunola AgriTech Inc.

Company Overview

Natunola AgriTech Inc. engages in the development, manufacture, and distribution of personal care and food ingredients. The company provides Vegelatum gels for anhydrous products, skincare, suncare, cleansers, and hair care products; and flax extracts and plant oils for haircare and skincare applications. It also offers de-hulled flax products for the food and healthcare markets. The company, formerly known as Botaneco Corp., is headquartered in Winchester, Canada. As of February 7, 2014, Natunola AgriTech Inc. was taken private.

661 St. Lawrence Street

Winchester, ON K0C 2K0

Canada

Phone:

613-774-9998

Fax:

613-774-2226

Key Executives for Natunola AgriTech Inc.

Chief Executive Officer, President, Chief Operating Officer, Director and Member of Restructuring Committee
Chief Financial Officer
Vice President of Business Development, Sales and Marketing
Sales & Marketing Director
Director of Research and Development
Compensation as of Fiscal Year 2015.

Natunola AgriTech Inc. Key Developments

Natunola AgriTech Inc., Special/Extraordinary Shareholders Meeting, Jan 31, 2014

Natunola AgriTech Inc., Special/Extraordinary Shareholders Meeting, Jan 31, 2014., at 10:00 US Eastern Standard Time. Location: 661 St. Lawewnce Street. Agenda: To consider and, if thought advisable, to pass a special resolution, for the purpose of approving the amalgamation under the Canada Business Corporations Act of Natunola and 8716137 Canada lnc., substantially upon the terms and conditions set forth in the draft amalgamation agreement between Natunola and PrivateCo, (ii) authorizing Lianne Tibben, the Chief Financial Officer of Natunola, or any other officer or director of Natunola, to sign the Articles of Amalgamation, and approving the voluntary delisting of the Natunola Shares from the TSX Venture Exchange; and to transact such further and other business as may properly be brought before the meeting or any adjournment or postponement thereof.

Natunola AgriTech Inc. Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013

Natunola AgriTech Inc. announced earnings results for the third quarter and nine months ended September 30, 2013. The company reported that revenue of $381,667 was recorded for the three months ended September 30, 2013 for the only continued operations of the company's wholly owned subsidiary, Natunola Health Inc., whereas sales were $582,966 over the comparable periods in 2012. This represents a decrease of $201,299 (35%) for the three months ended September 30, 2013. The increase in the continued operation for the nine months ending was due to increased sales to fulfil a contract with a major customer and increased international sales. The decreased revenues of $656,138 overall are primarily attributable to the divestiture of Botaneco Specialty Ingredients Inc., the discontinued operations. Net losses for the company of $270,710 were recorded for the three months ended September 30, 2013, as compared to net losses of $798,908 for the same period the previous year, a decrease in loss of $528,198. This decrease in loss was attributable to: (a) revenues and higher gross profit due to the revenues of Natunola Health Inc.; (b) decreased costs due to the divestiture of Botaneco Specialty Ingredients Inc. and (c) the gain of $633,646 in the sale of discontinued operations. Basic and diluted loss per share was $0.004 for the three ended September 30, 2013 compared to a loss of $0.011 per share seen in the same period of the previous year. The company announced that revenue of $1,495,421 was recorded for the nine months ended September 30, 2013 for the only continued operations of the company's wholly owned subsidiary, Natunola Health Inc., whereas sales were $1,330,839 over the comparable periods in 2012. This represents an increase of $164,582 (12%) for the nine months ended September 30, 2013. The increase in the continued operation for the nine months ending was due to increased sales to fulfil a contract with a major customer and increased international sales. The decreased revenues of $656,138 overall are primarily attributable to the divestiture of Botaneco Specialty Ingredients Inc., the discontinued operations. Net losses for the Company of $184,118 were recorded for the nine months ended September 30, 2013, as compared to net losses of $2,387,351 for the same period the previous year, a decrease in loss of $2,203,233. This decrease in loss was attributable to: (a) revenues and higher gross profit due to the revenues of Natunola Health Inc.; (b) decreased costs due to the divestiture of Botaneco Specialty Ingredients Inc. and (c) the gain of $633,646 in the sale of discontinued operations. Basic and diluted loss per share was $0.002 for the nine months ended September 30, 2013 compared to a loss of $0.032 per share seen in the same period of the previous year.

Natunola Agritech Inc. Announces Establishment of a Special Committee

Natunola Agritech Inc. announced that the Board of Directors of the company has established a Special Committee to review, consider and evaluate the range of strategic alternatives available to the company. The Special Committee's mandate includes the responsibility of making recommendations to the Board of Directors in the best interests of the company and with a view of maximizing shareholder value. The Special Committee is composed of Ross Morgan (Chair), Louis Lacasse and Tim McCunn. Mr. Morgan and Mr. McCunn are considered independent directors.

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