Canada Canola Council backs China-Canada Free Trade Deal https://www.agra-net.com/agra/publi.../canola-council-backs-canada-china-fta--1.htm Also an additional article, edible oils are increasing in India, perhaps a new market to tap later on? But I think Europe will have more potential thanks to that CETA agreement that was recently signed. SNF is the only public company on the TSXV/CSE that sells edible oils. http://www.thehindubusinessline.com...se-17-per-cent-in-february/article9585820.ece
Some more recent articles based on Canola: http://www.theguardian.pe.ca/news/l...ian-pacific-trade-market-for-canadian-pr.html http://www.producer.com/2017/03/canola-could-pull-ahead-of-soybeans/
keep finding lots more recent articles on Canola and the importance of a deal being done with one of Canada's important cash crops. https://www.manitobacooperator.ca/n...rth-26-7-billion-economic-impact-study-shows/ https://www.albertafarmexpress.ca/2...ith-china-worth-billions-says-canola-council/ http://www.producer.com/2017/03/canada-china-explore-trade-talks/
One month left before year end results are out, level 2 looking thin on the ask side. LEVEL 2 QUOTE Market Maker Shares Bid Price Ask Price Shares Market Maker 5,500 0.200 0.235 19,500 20,000 0.195 0.265 4,000 44,500 0.190 0.280 14,500 30,000 0.185 0.400 60,000 6,000 0.150 0.500 9,000 3,000 0.130 -- -- -- 3,000 0.125 -- -- -- 4,000 0.120 -- -- -- 5,000 0.115 -- -- -- 5,000 0.110 -- -- --
Boardmarker.net covering SNF for IR support. http://www.boardmarker.net/fact sheets and presentations/Boardmarker Feb 28 2017 newsletter.pdf
less than 30 days to go before year end is out! level 2 is looking good. We can only go up. LEVEL 2 QUOTE Market Maker Shares Bid Price Ask Price Shares Market Maker 5,000 0.230 0.260 25,000 5,000 0.225 0.300 43,000 7,500 0.220 0.400 60,000 24,500 0.210 0.500 9,000 10,500 0.200 -- -- -- 20,000 0.195 -- -- -- 20,000 0.190 -- -- -- 30,000 0.185 -- -- -- 6,000 0.150 -- -- -- 3,000 0.130 -- -- --
last minute sell down today. But that's more cheap paper churned before year end results in less than a month. Recent Trades - All 5 today Time ET Ex Price Change Volume Buyer Seller Markers 15:58:56 V 0.21 -0.04 5,000 58 Qtrade 7 TD Sec 15:58:56 V 0.21 -0.04 24,500 7 TD Sec 7 TD Sec 15:58:56 V 0.22 -0.03 7,500 85 Scotia 7 TD Sec 15:58:56 V 0.225 -0.025 5,000 9 BMO Nesbitt 7 TD Sec 14:53:46 V 0.235 -0.015 20,000 7 TD Sec 2 RBC
Less than a few weeks to go until we get year end numbers. Also a good article on India and edible oils, a market SNF could still get into http://www.business-standard.com/ar...enter-the-premium-segment-117041100452_1.html
Saw this article today and did a little more research and confirmed that it is true via the company's LinkedIn page: Article: http://nation.com.pk/business/15-Apr-2017/corporate-corner - This article only showed up on Google Search less than 24 hours ago and I do weekly Sunora Foods Google word searches Key Line: LAHORE (PR): Agro Processor & Atmospheric Gases Pvt Ltd (APAG) is a leading company in the edible oil industry of the country. With renowned brands like Soya Supreme, Smart, Malta & Champion APAG continues to satisfy the needs of its consumers through its high-quality brands. APAG has been offering Smart Canola Cooking Oil under the license of Sunora Foods Canada. AGAP Linkedin Page: https://www.linkedin.com/company/agro-processors-&-atmospheric-gases-pvt-ltd- Sunora Foods & AGAP Commercial - - This commercial came out end of 2016 on Youtube
Sunora Foods earns $282,794 in 2016 2017-04-28 13:34 MT - News Release Mr. Steve Bank reports SUNORA FOODS ANNOUNCES 2016 YEAR END FINANCIAL RESULTS Sunora Foods Inc. has filed its financial statements, and management's discussion and analysis for the fiscal year ending Dec. 31, 2016. These filings are available for review on SEDAR and the corporation's website. During the fiscal year ended Dec. 31, 2016, Sunora's highlights included the following: Revenue of $12,254,101 for the 2016 fiscal year versus revenue of $10,815,959 for the comparable 2015 fiscal year; International sales of $2,691,977 for the 2016 fiscal year versus international sales of $1,848,317 for the 2015 fiscal year; Gross margin for the period ending Dec. 31, 2016, of 8.9 per cent versus gross margin for the comparable period ending Dec. 31, 2015, of 10.7 per cent; Foreign exchange expense of $33,456 for the 2016 fiscal year versus a foreign exchange gain of $204,165 for the 2015 fiscal year; Net income for the period ending Dec. 31, 2016, of $282,794 versus net income of $502,182 for the comparable period ending Dec. 31, 2015, a decrease of 44 per cent; Cash and cash equivalents of $3,353,921 for the period ending Dec. 31, 2016, versus $2,620,566 for the comparable period ending Dec. 31, 2015; Acquisition of 8,028,400 shares by Shanghai Hao Zhuo International Trading Ltd. from president and chief executive officer Steve Bank. FINANCIAL HIGHLIGHTS Period ending Dec. 31, 2016 Sales $12,254,101 Gross margin $1,087,617 Income before taxes $370,744 Net income $282,794 Earnings per share $0.007 About Sunora Foods Inc. Sunora Foods is a food oil entity based in Calgary, Ata., trading and supplying canola oil, corn oil, soybean oil, olive oil and specialty oils in Canada and internationally. © 2017 Canjex Publishing Ltd. All rights reserved.
Sunora Foods Inc. (SNF.V) Audited Year End Results Price: $0.255 Common Shares: 42,254,332 Insider/Institutional Holdings: 71% total, as per information circular. CEO holds 52% Financials ASSETS Cash: $3,353,921 Accounts Receivable: $949,816 Accrued Interest: $2,908 Inventory: $438,064 Prepaid Expenses: $21,874 Income Tax Recoverable: $110,457 Goods Tax Recoverable: $11,023 Total Assets: $5,047,608 LIABILITIES Accounts Payable: $954,092 Customer Deposits: $71,510 Total Liabilities: $1,025,602 Note: Sales in Q4 2015, Q1/Q2 2016 were affected by a co-packer issue. This meant that Sunora Foods Inc was required to find other means of distribution, hence hurting sales and margins during those 9 months. This is now resolved, see MD&A below. As well, sales are up year over year even after co-packer setback. Sales were stable year over year despite all this and the larger profit from 2015 was caused by currency exchange, not sales income. Q3 Sales - $3,281,156 ($2,451,477 in 2015) 9 Month Sales - $8,804,308 ($8,452,570 in 2015) Year - Sales - Net Income -- Company Was Private Until 2014 2014 - $13,235,038 - $189,073 - Added listing expenses incurred 2015 - $10,815,959 - $502,182 - Net income of $200,000 affected by currency exchange 2016 - $12,254,101 - $282,794 - Currency loss of $34,000 or else net income was stable y/o/y Q1 2017 results will be released end of May, 2017. MD&A Highlights Sunora sales for the year ended December 31, 2016 were positively impacted by an increase of 13.3% over the previous year due to sales growth in the United States and internationally. The net income and comprehensive income in the year ended December 31, 2016 of $282,794 compared to $502,182 for the previous year, a decline of 43.68%. Instead of foreign exchange gain of $204,165, there was a foreign exchange loss of $33,456. In addition, the gross margin for the year ended December 31, 2016 declined by 0.2% from previous year despite the 13.3% increase in sales. The lower total gross margin can be attributed to a lower percentage of sales in packaged products that have a higher value added. The Company also had an economic dependence on one customer in 2016 and 2015. Sales to this customer were 21% in the three months ended December 31, 2016 (2015 28%) and 19% (2015 17%) of total sales in the year ended December 31, 2016. Sunora's sales to the United States have recently trended higher in comparison to sales in Canada. Overseas markets are continuing to grow and provide greater long term stability to sales. The growth of sales in emerging markets, with growing awareness of healthy food choices by the expanding middle classes, is a positive trend for Sunora. Overseas sales in the fourth quarter increased significantly because of the timing of the New Year celebrations in Asia and the general positive trend. Sunora has increased sales over the year due to marketing efforts. Sunora has established strong relationships with sales staff and given them more flexibility and support as mutual trust has developed in these relationships. In North America, Sunora has outstanding commissioned brokers who have introduced new customers to the Company. Sales to independent distributors have also grown for Sunora, mostly in countries overseas, which has given Sunora entry into many foreign markets. The foreign exchange gain or loss is primarily a result of the inventory purchases and sales that are denominated in US currency. Outlook Sunora maintains strong relationships with strategically located customers in North America and overseas. These relationships continue to drive demand for food oil products from Canada, with Sunora well positioned to meet existing and additional demand. Management has focused on increasing visibility in emerging markets, with a specific focus on the economies in Asia, with a view to meet this increased demand for Canadian manufactured food oil products. Sunoras operations are impacted by geopolitical situations that may hold up deliveries as was experienced in the fourth quarter of 2015. As the middle class in these emerging economies demands higher quality and healthier foods, Sunora is well positioned to meet additional demand. Management is actively identifying and analyzing operations that might increase sales and profitability for the Company. Prospective businesses considered include packagers and suppliers in the food oil industry. With each operation identified, a detailed review and analysis is undertaken by management. Management is also actively considering possible new products that may benefit from new domestic and international markets. With the continuing improvement in the United States economy and new customers being added in Asia Sunora is well placed to improve its profitability and financial position. Sunora has only one long term contractual obligation of a lease on its office facilities in the Provident Professional Building in Calgary, Alberta. This lease for 1,038 square feet of office space terminates on August 31, 2017, and has an early termination clause with nine months' notice during the last two years.
Spring presentation has some more possible leads to where Sunora Foods is headed. It mentions vertical integration, also bio diesel with canola oil. This is all mentioned in the second last page. http://www.sunora.com/assets/docs/p...e-presentation-spring-2017-20170502084840.pdf Continue expansion into Asia where demand for premium quality Canadian brand Canola is highest Focus on developing Asian and Chinese markets Partner locally to expand volume sales Expand the global distribution network Build on existing North American customer base and brand Vertical integration opportunities Investigating complementary food and shelf stable goods for export to current countries and region with high demand for Canadian made products Exploring potential sales channels for Biodiesel Increase private labeling activity Interesting article on bio-diesel made from Canola that came out a couple weeks ago: http://www.producer.com/2017/04/canola-oil-may-head-south-for-biodiesel/
Chinese Canola Demand To Grow In 2017-2018 : http://www.producer.com/2017/05/chinas-canola-demand-may-rise/
http://www.qai-inc.com/listings/lis...stings/listings_results_company.asp?list_by=s The new addition should add some more credibility to the Canola oil they sell in the United States and hopefully more sales with it. Just showed up on Google search Facility Information: Facility #1: Sunora Foods Ltd. 4616 Valiant Dr., NW Ste. 205 Calgary, Alberta T3A 0X9 Canada Certification Type: COR - Handling (Trader) Certification Number: C0030537-CORHTR-13 Product Details: Product Name Claim Description Listed Date Canola Oil Organic 3/31/2015 Canola Oil Organic 3/16/2010 Canola Oil Organic 4/20/2016
http://thechronicleherald.ca/busine...hinese-demand-only-months-after-trade-dispute CALGARY — Strong demand from China helped lift canola exports to a record $845 million in January and boost the national trade surplus, Statistics Canada said on Tuesday, a sharp rebound for a sector threatened by a trade dispute last year. China had said last year that because of disease concerns, it would toughen restrictions on the amount of foreign materials - such as weeds, other crops and detritus - permitted in Canadian canola exports. Canadian producers and handlers were worried this could hurt demand for the oilseed, which is used to make cooking oil, animal feed and biofuel. The dispute was partially resolved as part of wider talks between Prime Minister Justin Trudeau and Chinese Premier Li Keqiang, with an agreement signed in September to maintain the current levels until early 2020. The uncertainty helped push down canola exports to China to 80,000 tonnes in September, the lowest since 2013, before rebounding to a record high of 741,000 tonnes in January. The value of all Canadian canola exports was up 38.4 per cent in January compared from December, and more than double from October, Statistics Canada said Tuesday, helping push a third straight trade surplus for Canada. Export volumes of canola reached a record level of about 1.4 million tonnes in January according to Statistics Canada, driven in part by lower prices that appealed to international buyers, said Ken Ball, a senior adviser at PI Financial. "The main reason was canola was just extremely cheap," he said. Prices have since climbed, said Ball, but the market still looks strong for the year with potential for close to 20 million tonnes of demand, and supply expected to be only a few hundred thousand tonnes higher. "We could be left with a fairly tight situation," said Ball. The Canola Council of Canada said that exports could be further boosted if Canada and China were to reach a free trade deal. The council released a report on Monday that showed if China eliminated the nine per cent tariff on canola seed, exports to the country could increase by up to $1.2 billion, the equivalent of about 10 per cent of Canada's 18.5 million tonnes of production. China was the second largest export market for canola after the United States last year, taking in 4.8 million tonnes of seed, oil and meal worth $2.7-billion, according to the Canola Council. Ian Bickis, The Canadian Press
Q1 results coming out next week! Very little stock for sale under $0.255 LEVEL 2 QUOTE Market Maker Shares Bid Price Ask Price Shares Market Maker 16,000 0.190 0.200 46,000 10,000 0.185 0.210 10,000 100,000 0.180 0.215 9,500 7,000 0.170 0.230 16,000 54,000 0.160 0.235 15,000 26,000 0.140 0.255 70,000 3,000 0.130 0.260 75,000 3,000 0.125 0.500 17,000 4,000 0.120 -- -- -- 5,000 0.115 -- -- --
Sunora Foods earns $66,560 in Q1 2017 2017-05-30 07:59 MT - News Release Mr. Dean Stuart reports SUNORA FOODS ANNOUNCES FIRST QUARTER FINANCIAL RESULTS Sunora Foods Inc. has filed its financial statements and management discussion and analysis for the period ended March 31, 2017. These filings are available for review on SEDAR and the corporation's website. During the fiscal year ended March 31, 2017, Sunora's highlights include the following: Revenue of $3,480,230 for the first quarter of 2017 versus revenue of $2,687,379 for the comparable first quarter of 2016, an increase of 29.5 per cent; International sales of $526,157 for in the first quarter of 2017 versus international sales of $284,251 for the comparable first quarter of 2016, due to increased distribution and increased demand for healthy foods in Asia; Net income for the period ended March 31, 2017, of $66,560 versus net income of $24,971 for the comparable period ended March 31, 2016, an increase of 167 per cent; Cash and cash equivalents of $3,133,920 and working capital of $3,942,885 at the end of the first quarter of 2017. FINANCIAL HIGHLIGHTS Period ended March 31, 2017 Sales $3,480,230 Gross margin $232,734 Income before taxes $91,178 Net income $66,560 Earnings per share $0.002 About Sunora Foods Inc. Sunora Foods is a food oil entity based in Calgary, Alta., trading and supplying canola oil, corn oil, soybean oil, olive oil and specialty oils in Canada and internationally under the Sunora, Sunera and numerous private-label brands. © 2017 Canjex Publishing Ltd. All rights reserved.
New company presentation: http://www.sunora.com/assets/docs/ppt/sunora-foods-corporate-presentation-summer-2017.pdf
