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Beyond Oil Ltd ( (TSE:BOIL) ) just unveiled an announcement.
Beyond Oil Ltd. successfully delivered its first order of 10.8 tonnes to Latitude Ltd. as part of a strategic Master Distribution Agreement aimed at expanding market penetration in the U.S. food service industry. This collaboration leverages Latitude’s logistics expertise to scale Beyond Oil’s presence across diverse customer levels, with a notable commitment of US$8.3 million in minimum purchases for 2025, marking a significant step in their five-year partnership.
More about Beyond Oil Ltd
Beyond Oil Ltd. is a food-tech innovation company focused on reducing health risks from fried food, enhancing sustainability, and lowering operational costs. The company offers a patented technology that reduces harmful compounds in frying oil, addressing health concerns linked to reused oil commonly utilized in various food service establishments.
YTD Price Performance: 78.23%
Average Trading Volume: 88,402
Technical Sentiment Consensus Rating: Sell
For detailed information about BOIL stock, go to TipRanks’ Stock Analysis page.