Abundant releases strong commercial update
Abundant Produce (ASX:ABT) has released a highly promising commercial report, including an update on its wholly owned subsidiary, Abundant Natural Health (ANH).
ANH has signed its first ambassadors, Australian international women football players Lisa De Vanna, Chloe Logarzo and Caitlin Foord.
The three signings will promote ANH’s Cucumber Infusion Magnesium Sport Spray and Ache Relief Gel for the next 12 months.
ANH CEO Shanan Birkin spoke on the update, “This impressive trio will work together to promote our products over the next year.
“As arguably three of the greatest female footballers in the world, we are thrilled to have Lisa, Chloe and Caitlin representing our business. They are formidable role models that reflect our company’s culture of supporting women in all forms of life,” she said.
The Magnesium Sport Spray and Ache Relief Gel are both infused with ANH’s cucumber juice, which are high in an array of acids. These acids aid skin penetration enabling the company’s 99.9% pure, highly concentrated magnesium to quickly penetrate the skin, delivering fast relief.
Birkin added, “Importantly at Abundant we are proud to promote gender balance and equality in sport, business and family and look forward to working with Lisa, Chloe and Caitlin over the next year.
“Our magnesium products are receiving rave reviews from the sporting community and associated professionals such as physiotherapists.”
However this remains a specualtive play and as such any investment decision should be made with caution and professional financial advice should be sought.
ANH signs deal with Busan University
ANH also announced a new deal with Busan University in South Korea.
The deal is ANH’s fourth university collaboration, having previously reached agreements with The University of Sydney, The University of New South Wales and Chonnam National University in South Korea.
Abundant Produce CEO Tony Crimmins spoke on the contract news, “We are looking at faster ways to propel magnesium through the skin barrier to deliver its benefits direct to the muscles requiring attention.
“By using ANH’s cucumber juice, derived from our pregnant cucumbers which are full of life giving chemicals, Busan University will make high level lactic acid and ultimately deliver much needed natural magnesium actives to our customers in their purest form.”
ABT moves its corporate house
ABT informed shareholders that it has moved its headquarters from Pyrmont to a larger 600 sqm production and office facility in Chatswood.
Under the move, the company will bring its active ingredient production under one roof with space to expand.
When the experts at Next Investors have a stock pick, it may pay to listen.
The Next Investors have been investing in ASX small cap stocks for years, with their best small cap picks yielding returns of 1,200%, 1,120%, 900% and 678%.
They have just revealed their hand-picked, FY2021 stock portfolio of high conviction long-term investments.
Click the link below to see what they are currently investing in.
S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.
Conflict of Interest Notice
S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.
The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.