RE: H224 Apr 2024 19:00
Yes Andrew, we had the strategic and commercial update RNS in Feb. To help make sense of the meaningless percentages; THG took 3 metric tonnes in 2022 so the 36.8% higher uptake in 2023 represents sales of £123K. Can't help you with the H&B figures as no sales took place to them in 2022 so "sales up substantially" could mean anything.
Progress against the stated aim for 2023, each B/U (India, US, B2B and e-Commerce) to be profitable by the end 2023 at least on a month by month basis; B2B and e-Commerce achieved profitability, at least for a month or two, the others didn't.
Sweetbiotix - The Company has included SweetBiotix® in a finished product for a large global partner with a view for an upcoming launch. The Company hopes to see SweetBiotix® in an increasing number of products launched throughout 2024. SOH added in response to a question I raised through TW, "We still intend to launch sweetbiotix as a bulk sugar replacement. These two approaches are not mutually exclusive. We have been surprised and somewhat pleased that progress has been made so quickly with a large corporate in terms of inclusion in a final product."