Company: Solarvest Bioenergy Inc.
Listing : TSX Venture,Frankfurt
Ticker: SVS.V , 0ZJ:FRA
Market cap at time of publication: $14.94 MCAD
Stock price at time of publication: $0.25 CAD
Business: Patented plant based pharmaceuticals from algaes and Clean Energy Hydrogen production
Comparable peers: Else Nutrition market cap : 306 MCAD
Website:http://www.solarvest.ca/ and for the omega 3 products: https://eversea.ca/
Solarvest Bioenergy today (1/9) announced a major sales agreement with OrgHive, China’s leading Organic Blockchain Verified Digital E-commerce platform with 23 million unique users.
Solarvest announces that its wholly owned division, Eversea Inc., has signed sales and promotional agreements with OrgHive, China’s leading digital marketing and e-commerce platform dedicated to organic consumers.
The OrgHive organic community has garnered 23 million unique users since inception last year. They provide organic related content to consumers online and have developed a blockchain-based verification system for organic products that are purchased throughout mainland China. Furthermore, the platform developed by OrgHive will reach organic consumers beyond China, including those located in other parts of Asia. There are no commercial or regulatory barriers for Eversea to sell its products to Chinese consumers through OrgHive’s online platform.
OrgHive will promote Eversea’s algae-based, certified organic omega-3 DHA, the first of its kind in the world, to millions of its registered subscribers. OrgHive will be responsible for logistics, fulfilment and all digital marketing activities, including social media.
“We are thrilled to partner with Eversea and help bring its groundbreaking organic omega-3 DHA to Chinese organic consumers,” said Anastasios Papadopoulos, co-founder of OrgHive. “We have built the most engaged and active community of organic consumers in the country, and these people are on a constant search for the most cutting edge, healthy products. It is a perfect time to introduce Eversea’s products to them.”
“Due to its sheer volume and growth, it has been our goal to enter the Chinese market, and there is no better way for us to reach Chinese organic consumers in a cost-effective, highly-targeted, rapid way than the OrgHive platform,” said Gerri Greenham of Solarvest. “OrgHive has already demonstrated its leadership and scale in the Chinese organic market, and we are very excited to leverage that with our novel organic products.”
“In a very short period of time, OrgHive has become the most dominant digital platform and trusted source of organic food-related information for Chinese consumers, and this relationship will allow Eversea to target Chinese organic consumers in an unprecedented way,” said Max Goldberg, founder of industry newsletter Organic Insider. “China represents the world’s biggest, untapped market for organic products, and I expect Eversea’s game-changing organic omega-3 DHA products to see very wide online penetration in this country, thanks to the power of the OrgHive platform.
Eversea will soon begin its social media outreach in China, which will be followed in the fourth quarter by the launch of four organic omega-3 powder supplements and a dried fruit organic gummy for children. All the products are based on the foundation of the company’s certified organic omega-3 DHA ingredient.
Orghive is a division of a large Chinese private company with 300 employees. It looks like they are aiming to be the Chinese organic version of amazon, in one year they have grown 23 million customers. They grew their customer base 88 % from December 2020 to May 2021. A quick calculation by ESGFIRE shows that if Solarvest attracts ONLY 0.1 % of the customer base (23000 customers buying 12 bottles a year at 20 USD per bottle) could equal 5.5 million USD in annual sales. Omega 3 is a daily use product so we can expect recurring revenues from this platform if the customers are happy with the omega 3 product. It’s worth to mention that all of Orghive’s customers have signed up because they are interested in organic products.
We own shares of this company personally.
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