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October 04, 2015 8:16 PM ET


Company Overview of Plandaí Biotechnology, Inc.

Company Overview

Plandaí Biotechnology, Inc. focuses on the production of proprietary botanical extracts for the nutriceutical and pharmaceutical industries. It is developing two extracts, including Phytofare Catechin Complex, which is derived from green tea harvested in the Senteeko Tea Estate in Mpumalanga, South Africa; and Phytofare Limonoid Glycoside Complex extracted from lemons that are sourced from plantations in South Africa. The company also produces and sells timber and agricultural products from its farm and tea estate holdings in South Africa. In addition, it intends to use its plantation leases to focus on the farming of whole fruits, vegetables, and live plant material. The company is based in...

1451 North 200 East

Suite 130C

Logan, UT 98102

United States

100 Employees



Key Executives for Plandaí Biotechnology, Inc.

Co-Founder, Chairman, Chief Executive Officer, President, Chief Financial Officer, Principal Accounting Officer and Secretary
Age: 72
Total Annual Compensation: $117.5K
Vice President of Sales and Director
Age: 30
Total Annual Compensation: $95.0K
Vice President of Marketing and Director
Age: 46
Total Annual Compensation: $9.0K
Compensation as of Fiscal Year 2014.

Plandaí Biotechnology, Inc. Key Developments

Plandaí Biotechnology, Inc. announced delayed annual 10-K filing

On 09/28/2015, Plandaí Biotechnology, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.

Plandaí Biotechnology, Inc. Announces Change of Auditor

On September 21, 2015, Adams Advisory, LLC, who was previously engaged as the principal accountant to audit the Plandaí Biotechnology, Inc.'s financial statements, resigned its position. On September 24, 2015, the company retained Cutler & Co., LLC as its new independent principal accountant to audit the company's financial statements.

Ultimate Sports Nutrition Develops New Products Using Phytofare

Plandai Biotechnology, Inc. announced that Ultimate Sports Nutrition (USN) is investigating and developing a new line of products for the Australian and New Zealand markets that incorporates Plandai's green tea catechin-based Phytofare(R) ingredient. Under the terms of a previously announced agreement, USN is committed to using Phytofare(R) catechin complex exclusively in all products manufactured or sold in Europe and South Africa that incorporate green tea. In an effort to further develop and expand on the existing agreement, the Company and USN agreed to allow USN to explore the use of Phytofare(R) with other USN contract manufacturers, beginning in Australia and New Zealand, in an attempt to determine whether further expansion of the relationship between the Company and USN was desirable.

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