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Wed, 24 February 2021
AREV Cambodia Brands Inc has begun the first phase of a permaculture operation near Phnom Penh, according to a February 22 press release from its parent company, Toronto-listed AREV Nanotec Brands Inc (AREV).
AREV said the 20ha operation “will support the development of the raw materials for product innovations in development for introduction to market” in the third quarter of this year.
“Our first product category is a Ready-to-Use Therapeutic Food or ‘RUTF’. Several ingredients will be produced using AREV’s proprietary extraction methodologies, including selected fungi that will be used in ‘SUS-TAINN’ [Superior Utility Supplementation Therapeutic Agent for Indicated Nutritional Needs], our branded RUTF formulation.
AREV Cambodia Brands its Permaculture Project to Support International RUTF Market Launch
February 22, 2021 09:18 ET | Source: AREV NanoTec Brands Inc. AREV NanoTec Brands Inc. CANADA
VANCOUVER, British Columbia, Feb. 22, 2021 (GLOBE NEWSWIRE) AREV NANOTEC BRANDS INC. (CSE: AREV) (OTC: AREVF) (“AREV Nanotec” or “AREV”) is pleased to announce its subsidiary AREV Cambodia Brands Inc. has initiated the first of several steps to setting up a permaculture operation on 20 hectares of land near Phnom Penh to support the development of the raw materials for product innovations in development for introduction to market in the 3rd Quarter of 2021.
Our first product category is a Ready-to-Use Therapeutic Food or “RUTF”. Several ingredients will be produced using AREV’s proprietary extraction methodologies, including selected fungi that will be used in “SUS-TAINN”, our branded RUTF formulation. Mycelium are a known
Generation, Hemosternix, Organic Garage at 52-week highs on News Generation Mining Limited (T.GENM) hit a new 52-week high of 82 cents on Thursday. Generation Mining has closed its previously announced non-brokered private placement through the issuance of 4,292,367 common shares of the Company issued on a flow-through basis at a price of C$0.77 per FT Share for gross proceeds of $3,305,122.59. Eric Sprott purchased 2,000,000 FT Shares of the Offering.
Hemostemix Inc. (V.HEM) hit a new 52-week high of 73 cents on Thursday. Hemostemix has closed its previously announced non-brokered private placement of units announced on December 18, 2020, for gross proceeds of $2,750,000. The Offering consisted of the issuance of an aggregate of 9,166,667 post -consolidated Units at a price of $0.30 per Unit. Each Unit consists of one post-consolidated common share in the capital of the Company and one post-consolidated common share purchase warrant, with each full Warrant entitling t