California Cannabis Co. Gold Flora: 241% QoQ Growth In Adjusted EBITDA, Narrows Net Loss By 21%
Vertically integrated Gold Flora Corporation GRAM GRAM released its financial results Thursday for the third quarter of fiscal 2024.
“Amid the ongoing challenges facing the broader industry, we’ve made significant strides in positioning ourselves for long-term success,” said Laurie Holcomb, CEO and chairman. “We have strengthened our balance sheet through a capital raise, continued scaling the highly successful Gramlin brand, and have further optimized our vertically integrated operations to support our growth initiatives.”
Read Also: Gold Flora’s Q2: A Mixed Bag For Cannabis With EBITDA Down $2M, Margins Up To 57%
- Get Benzinga’s exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter here. If you’re serious about the business, you can’t afford to miss out.
Q3 2024 Financial Highlights
- Total revenue amounted to $32.6 million, representing a 3% increase from the second quarter of 2024.
- Gross profit was $13.5 million, resulting in a 41% gross margin, and up 86% sequentially.
- Adjusted gross profit totaled $21.1 million, with a 65% adjusted gross margin (excluding non-recurring adjustments).
- Net loss was $18.9 million, representing a 21% reduction from the prior quarter.
- Adjusted EBITDA came in positive at $2.8 million, representing a 241% improvement from the second quarter of 2024.
- Golf Flora had $10.2 million in cash and equivalents at the end of the third quarter.
Operational Highlights
- First-party product revenue in retail stores reached over 30% of total sales.
- Flower harvest volume increased by 20% from the first quarter of 2024, driven by improved cultivation methods.
- Launch of Gramlin live rosin products and expansion of rosin production capacity at the Desert Hot Springs campus.
- Secured a senior loan facility for up to $13.15 million.
- The company’s shares began trading on the OTCQB Venture Market under the ticker “GRAM.”
GRAM Price Action
Gold Flora’s shares traded 9.09% lower at $0.04 per share after the market close on Thursday afternoon.
Read Next:
Market News and Data brought to you by Benzinga APIs
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Cannabis is evolving – don’t get left behind!
Curious about what’s next for the industry and how to leverage California’s unique market?
Join top executives, policymakers, and investors at the Benzinga Cannabis Market Spotlight in Anaheim, CA, at the House of Blues on November 12. Dive deep into the latest strategies, investment trends, and brand insights that are shaping the future of cannabis!
Get your tickets now to secure your spot and avoid last-minute price hikes.
AbbVie, Bitcoin And An Energy Stock On CNBC's 'Final Trades'
On CNBC’s “Halftime Report Final Trades,” Jason Snipe of Odyssey Capital Advisors picked AbbVie Inc. ABBV.
On Monday, AbbVie said two trials investigating emraclidine as a once-daily, oral monotherapy treatment for adults with schizophrenia failed two Phase 2 trials. The studies did not meet their primary endpoint of showing a statistically significant improvement in the change from baseline in the Positive and Negative Syndrome Scale (PANSS) total score compared to the placebo group at week 6
Don’t forget to check out our premarket coverage here
Stephen L. Weiss of Short Hills Capital Partners named Bitcoin as his final trade.
Bitcoin prices pulled back as Federal Reserve Chair Jerome Powell’s remarks poured cold water on rate cut optimism. Bitcoin surged past the key $91,000 level on Thursday.
Joshua Brown of Ritholtz Wealth Management named Baker Hughes Company BKR.
On Oct. 22, Baker Hughes reported quarterly earnings of 67 cents per share which beat the analyst consensus estimate of 61 cents per share. The company reported quarterly sales of $6.91 billion. It missed the analyst consensus estimate of $7.22 billion.
On Thursday, Citigroup analyst Scott Gruber maintained Baker Hughes with a Buy and raised the price target from $42 to $50.
Price Action:
- At the time of writing, Bitcoin prices fell around 1.5%
- AbbVie shares fell by 0.4% to settle at $169.63 during Thursday’s session.
- Baker Hughes gained 0.3% to close at $43.18 during Thursday’s session.
Check This Out:
Image: Shutterstock
Market News and Data brought to you by Benzinga APIs
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Flora Growth Quarterly Revenue Falls 28% YoY As Expenses Rise
Flora Growth Corp. FLGC reported Thursday after market close its financial results for the three months ended Sept. 30, 2024. disclosing revenue of $12.47 million, down from $17.32 million in the same period of last year.
“As the cannabis industry continues to grow, we at Flora are encouraged by the election of President-elect Donald Trump and the potential for continued progress in cannabis reform,” stated CEO Clifford Starke. “Under his previous administration, the signing of the 2018 Farm Bill laid the foundation for the U.S. hemp and CBD industries, creating a $28 billion market and countless economic opportunities for farmers, manufacturers, and brands across the nation. We recognize the profound impact of this legislation, which enabled Flora and many others to bring safe, high-quality cannabis products to a global audience.”
Read Also: California Weed Co. Glass House Brands Reports 32% YoY Q3 Revenue Growth (UPDATED)
Get Benzinga’s exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter here. If you’re serious about the business, you can’t afford to miss out.
Q3 Financial Highlights
- Gross profit was $2.84 million compared to $4.94 million in the third quarter of 2023.
- Net loss was $3.8 million compared to a net income of $1.1 million in the comparable quarter of last year.
- Total operating expenses were of $6.5 million, compared to $5.5 million in the corresponding quarter of 2023.
- Adjusted EBITDA was a loss of $2.4 million compared to an Adjusted EBITDA loss of $200,000 in the comparable quarter.
“With federal rescheduling procedures set to begin in January, we remain optimistic about additional cannabis policy advancements that could bring significant benefits to consumers, businesses, and communities alike,” Starke continued. “The prospect of a rescheduling shift underscores the growing recognition of cannabis’s therapeutic potential and its rightful place in a modern, regulated economy.”
Recent Milestones
Earlier this month, Flora reaffirmed its medical cannabis supply agreement with Curaleaf Holdings‘ CURLF subsidiary Northern Green Canada, Inc. Under the agreement, Northern Green will supply Flora with medicinal cannabis products that Flora will distribute in the German market. The new supply agreement provides for a minimum purchase obligation and a minimum supply obligation on Flora and Northern Green, respectively, subject to certain terms and conditions.
In October, the Florida-based cannabis company launched its first THC-infused beverage, Melo, marking the company’s debut into the rapidly growing beverage market. Melo is the result of a strategic joint venture between Flora Growth and Peak, a renowned provider of advanced cannabis-based products. The collaboration combines Flora’s marketing and distribution network with Peak’s emulsion technology. Melo comes in four flavors – grapefruit, half & half lemonade iced tea, strawberry mango and wild berries.
Price Action
Flora Growth shares closed Thursday’s market session 15.93% higher at $1.31 per share.
Read Next:
Photo: Courtesy of YARphotographer via Shutterstock
Market News and Data brought to you by Benzinga APIs
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Cannabis is evolving – don’t get left behind!
Curious about what’s next for the industry and how to leverage California’s unique market?
Join top executives, policymakers, and investors at the Benzinga Cannabis Market Spotlight in Anaheim, CA, at the House of Blues on November 12. Dive deep into the latest strategies, investment trends, and brand insights that are shaping the future of cannabis!
Get your tickets now to secure your spot and avoid last-minute price hikes.
How To Earn $500 A Month From Apple Stock
Consumer group Which? has filed a £3 billion ($3.81 billion) legal claim against Apple, accusing the tech giant of breaching UK competition law through its iCloud service.
Warren Buffett’s Berkshire Hathaway Inc. BRK reduced stake in Apple from 400 million to 300 million shares. Thus, Berkshire has now cut its position in the Cupertino, California-based tech giant by over two-thirds since 2023’s third quarter.
With the recent buzz around Apple, some investors may be eyeing potential gains from the company’s dividends too. As of now, Apple offers an annual dividend yield of 0.44%, which is a quarterly dividend amount of 25 cents per share ($1.00 a year).
So, how can investors exploit its dividend yield to pocket a regular $500 monthly?
To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $1,369,320 or around 6,000 shares. For a more modest $100 per month or $1,200 per year, you would need $273,864 or around 1,200 shares.
To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($1.00 in this case). So, $6,000 / $1.00 = 6,000 ($500 per month), and $1,200 / $1.00 = 1,200 shares ($100 per month).
Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.
How that works: The dividend yield is computed by dividing the annual dividend payment by the stock’s current price.
For example, if a stock pays an annual dividend of $2 and is currently priced at $50, the dividend yield would be 4% ($2/$50). However, if the stock price increases to $60, the dividend yield drops to 3.33% ($2/$60). Conversely, if the stock price falls to $40, the dividend yield rises to 5% ($2/$40).
Similarly, changes in the dividend payment can impact the yield. If a company increases its dividend, the yield will also increase, provided the stock price stays the same. Conversely, if the dividend payment decreases, so will the yield.
AAPL Price Action: Shares of Apple gained 1.4% to close at $228.22 on Thursday.
Read More:
Image: Shutterstock
Market News and Data brought to you by Benzinga APIs
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Quantum Computing Dives After $40M Stock Offering – What's Going On?
Quantum Computing Inc. (NASDAQ:QUBT) shares are declining premarket on Friday. Yesterday, the company disclosed a securities purchase agreement to sell 16 million shares of common stock at $2.50 per share in a registered direct offering.
The company expects to generate gross proceeds of $40 million. The offering, priced at-the-market under Nasdaq rules, is expected to close on or around November 18, 2024, pending customary closing conditions.
The company plans to use the net proceeds from the offering for debt repayment, working capital, and general corporate purposes.
This week, the company announced its first secured order for thin film lithium niobate (TFLN) photonic chip technology, marking a milestone for its foundry services.
This month, Quantum Computing reported third-quater GAAP loss per share of $0.06, an improvement from a loss of $0.10 year-over-year. However, sales totaled $101,000, missing the $300,000 estimate.
Price Action: QUBT shares are down 30.9% at $3.04 premarket at the last check Friday.
Image via Shutterstock
Read Next:
Up Next: Transform your trading with Benzinga Edge’s one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today’s competitive market.
Get the latest stock analysis from Benzinga?
This article Quantum Computing Dives After $40M Stock Offering – What’s Going On? originally appeared on Benzinga.com
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Canopy Growth Acquisition Target Acreage Reports 30% YoY Decline In Q3, Record Cannabis Wholesale Revenue In NY
Vertically integrated cannabis operator Acreage Holdings, Inc. ACRG ACRG.B.U)) ACRHF ACRDF)) reported its financial results Thursday for the third quarter ended Sept. 30, 2024.
“In the third quarter, we continued to focus on re-accelerating growth across our core states, including Connecticut, Illinois, and New Jersey, while also executing on the highly anticipated launch of non-medical sales in Ohio,” said CEO Dennis Curran. “With our strengthened financial position, we have bolstered our capacity to pursue opportunities in these markets as they continue to mature, which is expected to play a pivotal role in driving both revenue generation and improvements in Adjusted EBITDA as we close out 2024.”
Q3 2024 Financial Highlights
- Consolidated revenue totaled $39.6 million, representing a 30% decrease YoY.
- Gross margin was 35%, down from 38% in the third quarter of 2023.
- Total operating expenses amounted to $22.6 million, down from $24 million in the same period of last year.
- Net loss was $22.2 million, up from a loss of $7.9 million in the previous year’s quarter.
- Adjusted EBITDA came in positive at $0.6 million, representing a drop from $6.6 million in the third quarter of 2023.
Read Also: Acreage Holdings Q2 Revenue Drops, Invests In Ohio Growth As Canopy Acquisition Nears
- Get Benzinga’s exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter here. If you’re serious about the business, you can’t afford to miss out.
Q3 2024 Operational Highlights
- Launched recreational cannabis sales in Ohio at five Botanist retail locations, contributing to 38% of third-quarter revenue in the state.
- Debut Superflux flower in Illinois, with strong wholesale penetration.
- Achieved record wholesale revenue performance in New York.
- Secured a $65 million credit agreement, resulting in the repayment of prior debts.
- Gained green light for a new dispensary in Collingswood, New Jersey.
Outlook
Canopy USA, Canopy Growth Corporation‘s WEED CGC strategy to consolidate its U.S.-based assets – is set to acquire Acreage in 2025.
Curran emphasized efforts to boost growth in key markets like Connecticut, Illinois, and New Jersey while leveraging Acreage’s strong medical reputation in Ohio.
ACRHF Price Action
Acreage’s shares traded 4.29% lower at $0.134 per share after the market close on Thursday afternoon.
Read Next:
Market News and Data brought to you by Benzinga APIs
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Cannabis is evolving – don’t get left behind!
Curious about what’s next for the industry and how to leverage California’s unique market?
Join top executives, policymakers, and investors at the Benzinga Cannabis Market Spotlight in Anaheim, CA, at the House of Blues on November 12. Dive deep into the latest strategies, investment trends, and brand insights that are shaping the future of cannabis!
Get your tickets now to secure your spot and avoid last-minute price hikes.
BitFuFu Posts Double-Digit Third Quarter Revenue Growth In A Challenging Market
Despite rising costs to mine Bitcoin, BitFuFu FUFU, the digital asset mining company based in Singapore, achieved double-digit growth in the third quarter. The company reported revenue of $90.3 million for the third quarter of 2024, a 47.5% increase year-over-year, and achieved adjusted EBITDA of $5.8 million. This quarter marked the first full quarter after the Bitcoin halving event in late April, which reduced the Bitcoin block subsidy from 6.25 to 3.125 Bitcoin per block.
BitFuFu (FUFU.US) has also attracted investor interest, highlighted by H.C. Wainwright analyst Kevin Dede’s initiation of coverage with a ‘Buy’ rating and a $7 target price for the stock.
“Despite the halving event BitFuFu had another successful quarter generating positive adjusted EBITDA,” said BitFuFu chairman and CEO Leo Lu during a conference call to discuss quarterly results. “I am proud to say that the third quarter of 2024 is the 11th consecutive quarter BitFuFu has generated positive adjusted EBITDA. This consistency demonstrates the profitability and resilience of our business model, regardless of whether the price of Bitcoin is in a bear market or bull market.”
What sets BitFuFu apart from its peers – such as Riot Platforms Inc RIOT, BitDeer BTDR and MARA Holdings Inc. MARA – is its unique approach of collaborating with mining partners to boost revenue and drive efficiencies rather than keeping it all in-house. This strategy, combined with its smaller, more focused business model, has positioned BitFuFu as a leader in growth within the industry. For instance, in the second quarter, BitFuFu reported revenue of $129.4 million and net income of $1.3 million. In comparison. Riot Platforms generated $70 million in revenue but reported a net loss of $(0.32) per share, while MARA recorded revenue of $145 million, but suffered a loss of ($0.72) per share.
(In Millions) | Market Cap | Revenue | |||
2024 | 2024 | Y-o-Y growth | |||
As of November 08 | Q2 | Q3 | Q2 Growth | Q3 Growth | |
FuFu | 7.64 | 129.40 | 90.34 | 69.6% | 47.4% |
Riot | 56.86 | 70.02 | 84.79 | -8.7% | 63.4% |
Mara | 41.18 | 145.14 | 131.65 | 77.5% | 34.5% |
Compared to industry peers Riot Platforms (RIOT) and MARA Holdings (MARA), BitFuFU’s market capitalization remains relatively modest. However, BitFuFu stands out for its growth trajectory, even in a challenging market. Between the second quarter of 2023 and 2024, BitFuFu achieved a 69.7% increase in revenue and reported positive net income of $1.3 million. In contrast, MARA posted a net loss of $199 million, and Riot recorded a loss of $84 million over the same period. These results underscore BitFuFu’s growth momentum and demonstrate its ability to outperform key competitors in both profitability and revenue growth within the current market environment.
Check out BitFuFu’s third-quarter conference call here!
Revenue Growth Driven By Cloud Mining
In the third quarter, BitFuFu reported that revenue growth was primarily driven by its cloud mining solutions, which generated $68.9 million in revenue, accounting for 75% of the company’s total quarterly revenue. According to CEO Leo Lu, this growth was fueled by both new customer acquisitions and strong retention among existing customers. Cloud-mining registered users increased by 75.3% to 455,764, up from 259,929 in the year-ago quarter.
Revenue from BitFuFu’s self-mining business also rose to $20.5 million, marking a 40.4% year-over-year gain despite an increase in Bitcoin mining costs. During the quarter, the cost per mined Bitcoin rose to $59,452 due to increased blockchain difficulty and the impact of the April halving event. The cost includes electricity, hosting fees, the cost of hash rate purchased from suppliers and the cost of leased mining equipment, which comprises most of BitFuFu’s mining fleet. As a result, Lu noted that the $59,452 figure may not be directly comparable to some peers, as other companies may exclude depreciation of miner costs in their calculations.
Expanding Mining Reach and Reducing Costs
To offset rising costs and expand its operational footprint, BitFuFu undertook several strategic actions. During and shortly after the third quarter, the company reallocated its mining fleet, secured favorable long-term, lower-cost purchase agreements and leveraged new low-cost electricity sites to enhance operational efficiency. The company shifted both leased and self-owned mining machines from high-cost facilities to lower-cost facilities while retaining the U.S. as a key strategic base for its mining operations.
By the end of the third quarter, BitFuFu’s hosting capacity had grown to 556 megawatts (MW) across 17 sites spanning three continents, compared to 339 MW across 16 sites on two continents in the same period last year. Of these sites, ten are in the U.S., six are in Ethiopia and one is in Paraguay.
As a result, average hosting costs decreased to 6.8 cents per kilowatt hour, a 13% improvement from the second quarter. In October, BitFuFu further reduced hosting costs by an additional 5% to 6.5 cents per kilowatt hour. “Our ability to quickly adjust to changes in the market is a testament to the advantages of our asset-light strategy, particularly in the challenging period following Bitcoin halving events,” said Lu.
Building Energy Platform by Acquiring Mining Infrastructure
In October BitFuFu signed a definitive agreement to purchase a majority stake in an 80-megawatt mining site in Ethiopia, with an electricity cost of around 3.6 cents per kilowatt hour. The site, which can deploy 26,000 miners, is currently operating 8,000 AntMiner S19j Pro miners with a combined 0.8 Exa Hash. CEO Lu stated that in the coming quarter, the company plans to fill in the remaining capacity to reach a combined mining capacity of 2.5 EH/s. Longer term, BitFuFu believes the facility could reach 4.6 EH/s when running AntMiner S21 Series miners. The company’s total mining capacity under management increased 88.5% year-over-year in Q3 to 26.2 EH/s, compared to 13.9 EH/s in Q3 last year.
“This acquisition not only increases the diversity of our mining portfolio but also aligns with our strategic goal to build a sustainable energy platform,” said Lu. He noted that BitFuFu is also evaluating a pipeline of potential M&A opportunities with over 100 MW in both traditional grid and off-grid options.
BitFuFu is actively exploring additional regions with favorable energy rates to further reduce costs and enhance long-term operational stability. Lu stated, “As we continue our journey, we are looking at off-grid and low-cost energy solutions as potential avenues to further stabilize our cost structure and enhance profitability.” Lu continued, “We believe owning some data centers is essential to BitFuFu’s business. We are focusing on finding the optimal mix between a pure asset-light strategy and an asset-heavy strategy.”
Looking ahead, Lu emphasized the company’s commitment to growth and shareholder. “With continued investment in stable energy sourcing and capacity growth, we are confident in our ability to deliver resilient performance in the face of a dynamic market environment,” he said.
Featured photo by Erling Løken Andersen on Unsplash.
This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The Future of Protein Ingredients: Key Opportunities and Market Insights | Industry to Reach $85.6 Billion by 2028
Delray Beach, FL, Nov. 15, 2024 (GLOBE NEWSWIRE) — According to a report by MarketsandMarkets™, the global protein ingredients market size is expected to expand from $61.0 billion in 2023 to $85.6 billion by 2028, registering a Compound Annual Growth Rate (CAGR) of 7.0%. This growth is primarily attributed to rising health awareness, a surge in fitness-focused lifestyles, and increased consumer interest in protein-rich diets and plant-based options.
The latest findings by the International Food Information Council underscore this trend, revealing that 71% of consumers aimed to consume more protein in 2024, a marked increase from 59% in 2022. High-protein diets have gained traction to support muscle growth and recovery, aligning with the expanding fitness and sports nutrition sectors. Additionally, as consumers prioritize health-conscious choices, demand for fortified foods and protein supplements has grown, propelling the protein ingredients market forward.
Opportunity: Rising Demand for Plant-Based Proteins
The global shift toward plant-based diets presents a substantial opportunity within the protein ingredients market. As environmental concerns, animal welfare considerations, and health consciousness drive more consumers toward vegan lifestyles, plant-based proteins have surged in popularity. According to a 2022 report by the Good Food Institute, sales of vegan foods, including dairy and meat substitutes, grew by 54% between 2018 and 2021, highlighting the potential for further innovation and expansion in the plant-based protein sector.
For in-depth information, grab your PDF copy!
Europe Leads the Protein Ingredients Market
European protein ingredients industry is projected to lead the market, estimated at $21.4 billion in 2023. With its strong economies, high disposable incomes, and consumer awareness, Europe is a fertile ground for growth in this sector. While meat consumption remains prevalent, the region is seeing increased demand for alternative protein sources, driven by trends in veganism and interest in sustainable proteins, such as plant and insect proteins.
Key Growth Segments: Plant-Based and Pharmaceutical Applications
The plant-based protein segment is expected to be the fastest-growing source category, fueled by consumer demand for sustainable, health-focused alternatives. The Good Food Institute’s data shows a 29% increase in sales of plant-based protein powders and liquids in the U.S. from 2018 to 2021, reflecting the shift toward environmentally friendly and ethical dietary choices.
In the application segment, pharmaceuticals are anticipated to see the fastest growth. The increasing focus on personalized medicine and advanced therapeutic treatments has bolstered the demand for high-quality protein ingredients in drug formulations and biopharmaceuticals. Proteins like peptides and amino acids play critical roles in chronic illness treatments, muscle recovery, and overall health. As the market for specialized and pure protein ingredients grows, pharmaceuticals are expected to outperform traditional food, feed, and cosmetic applications.
Protein Ingredients Industry Insights and Market Assistance
In response to the expanding market dynamics, MarketsandMarkets™ offers strategic insights for companies to capitalize on the protein ingredients market growth:
- Discover Known and Unknown Adjacencies: Identify factors impacting market growth and find new revenue streams.
- Top Customer Analysis: Understand key customer segments and factors influencing brand loyalty.
- Competitive Advantage: Protect your market share and gain a competitive edge.
- Partner Scorecard: Identify and evaluate potential target partners.
Make an Inquiry to Address your Specific Business Needs
What’s New in Protein Ingredients? Insights into Recent Market Developments
- In April 2024, Arla Foods amba (Denmark) announced an agreement to acquire Volac’s (UK) Whey Nutrition business, including Volac Whey Nutrition Holdings Limited and its subsidiaries. The deal, pending regulatory approval, was set to close later this year. The acquisition aimed to establish the Felinfach site as a global production hub, enhancing Arla Foods Ingredients’ offerings in sports nutrition, health, and food sectors.
- In September 2023, Cargill, Incorporated (US) announced the opening of its first European Protein Innovation Hub at its Saint-Cyr en Val facility in France, part of a USD 54.1 million investment. The new hub, which included a test kitchen and pilot plant, aimed to support customers in co-creating and testing protein-rich products. This expansion increased the site’s output capacity by 10% and enhanced its sustainability efforts.
- In May 2023, Arla Foods amba (Denmark) launched Lacprodan Alpha-50, a new alpha-lactalbumin-rich ingredient for low-protein infant formulas. This product meets the rising demand for reduced protein content due to obesity concerns and regulatory changes. With 90% of its protein as alpha-lactalbumin, Lacprodan Alpha-50 allows manufacturers to match human milk protein levels with smaller doses.
Top Protein Ingredients Companies Leading the Way
- DuPont (US)
- ADM (US)
- Cargill, Incorporated (US)
- Kerry Group plc (Ireland)
- Arla Foods amba (Denmark)
- BRF Global (Brazil)
- The Scoular Company (US)
- Roquette Freres (France)
- AMCO Proteins (US)
- A&B Ingredients (US)
- Puris (US)
- Cosucra (Belgium)
About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Rohan Salgarkar MarketsandMarkets Inc. 1615 South Congress Ave. Suite 103, Delray Beach, FL 33445 USA : 1-888-600-6441 UK +44-800-368-9399 Email: sales@marketsandmarkets.com Visit Our Website: https://www.marketsandmarkets.com/
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.