Progressive Planet Solutions Inc (TSX-V:PLAN) announced that it has received a confirmed reorder from one of North America's top three big box retailers to continue providing Wundercat cat litter, one of its signature animal products, across British Columbia.
The cleantech and manufacturing company said at current reorder rates, it now projects the distribution partnership for British Columbia to add more than $1.2 million in new revenue annually.
“In our growing base business, we ship more than 2 million packaged products annually to retail stores across North America,” Progressive Planet Solutions CEO Steve Harpur said in a statement.
“Natural animal products, like Wundercat, are a vital part of our growth strategy – providing cash flow to fuel growth and opening doors into the largest retail chains as market access for launching new products like natural fertilizer and cement products,” he added.
Progressive Planet noted it has also received an additional 192-tonne order of the mineral by-product generated during the production of Wundercat, strategically marketed and sold as a natural fertilizer ingredient.
The company added that the latest confirmed order is the third, and largest, commitment from the same major North American fertilizer manufacturer in the last four months totalling 328 tonnes.
Progressive Planet is a well-established cleantech and manufacturing company based in Kamloops, British Columbia, in the heart of some of Canada's richest volcanic fields, which are the prime ingredient of its innovations. The company's products are in 10,000-plus retail stores across North America.
Contact Sean at sean@proactiveinvestors.com