Coca | Jotup

Power Leaves Corp. Expands Canadian Market Presence with Coca Essence Supply Agreement

Retrieved on:

Tuesday, November 7, 2023

Container deposit legislation in the United States, Coca-Cola, Customer, Coca, PLC, McCutcheon, Bottled water, Security (finance)

TORONTO, Nov. 07, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -- Power Leaves Corp. (“PLC”), a manufacturer of decocainized coca leaf essence, announced that it has signed a supply agreement with a Canadian food and beverage manufacturer (the “Customer”). Under the agreement, the Customer has a committed purchase obligation of 4,500 litres of PLC’s coca essence product at $100 per litre in 2024, increasing to 9,000L in 2025, for a total contract value of $1.35M.

Key Points:

TORONTO, Nov. 07, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -- Power Leaves Corp. (“PLC”), a manufacturer of decocainized coca leaf essence, announced that it has signed a supply agreement with a Canadian food and beverage manufacturer (the “Customer”).
“We're thrilled to announce the signing of our first large-commercial contract for our novel coca essence product.
The minimum purchasing obligations under the agreement are expected to be a significant driver of PLC's Coca Essence revenue for the Canadian market.
While Coca-Cola continues to leverage coca extract in its namesake ingredient, PLC has a robust product development pipeline of novel coca products that have previously been unavailable to the market, including our coca essence product.

Oceana: Coca-Cola and Pepsi’s plastic packaging use increases by hundreds of millions of pounds

Retrieved on:

Friday, November 3, 2023

The Coca-Cola Company increased its use of plastic packaging by over 6% or over 454 million pounds (206,000 metric tons) to a reported 3.43 million metric tons in 2022.

Key Points:

The Coca-Cola Company increased its use of plastic packaging by over 6% or over 454 million pounds (206,000 metric tons) to a reported 3.43 million metric tons in 2022.
PepsiCo increased its use of plastic packaging by 4% or over 220 million pounds (100,000 metric tons) to a reported 2.6 million metric tons in 2022.
And, both companies reported no progress on having more plastic – by weight – in reusable packaging.
1 The reporting in the annual progress report does not include annual increases in plastic use for the companies reporting.

Harbour Coca Launches US$5 Million Reg D506 Capital Raise; Provides Update on 2023 Milestones and Priority Initiatives

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Tuesday, October 24, 2023

Cannabis, Regulation D, CPG, Food, Regulation, Coca, Energy drink, Growth, Medicine, BioSteel Sports Nutrition, BioSteel, Drink, Investment, Funding, Drug, Harbor

Investors participating in the Financing include New York-based ArcStone US Ventures and recognized CPG entrepreneur, John Celenza, co-founder of BioSteel

Key Points:

The Financing will provide strategic capital to Harbour and enable accredited investors to participate in the growth of the rapidly emerging coca sector.
Earlier this year, Harbour became the first company to successfully import coca leaf extract into Canada, an effort that took many months to complete.
New brands as well as large established CPG companies are going to be developing new products with coca.
These are just a few of the reasons why we at ArcStone are excited to be investing in Harbour."

Power Leaves Corp. Completes First Commercial Shipments, Marking Significant Milestone in Coca Industry

Retrieved on:

Thursday, October 5, 2023

Strength, Coca-Cola, Supply, PLC, Coca, Sale, Bottled water

TORONTO, Ontario, Oct. 05, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Power Leaves Corp. (“PLC”), a manufacturer of decocainized coca leaf extract, announced today that it has successfully delivered its first commercial shipments of decocainized coca extract and coca essence products in Q3 2023. This achievement, realized in September, confirms PLC’s ability to ship products to international markets and marks its transition to a revenue-generating company.

Key Points:

The coca extract and coca essence products are expected to be used for product development and finished beverage products for the Canadian and US markets.
“The shipment of PLC’s coca essence product also signifies what we understand as the first-ever commercial sale of this novel product," continued Mr. McCutcheon.
“While Coca-Cola has previously leveraged coca extract, PLC has a robust product development pipeline of novel coca products that have previously been unavailable to the market, including our coca essence product.
We remain incredibly excited for what is to come as our team works to increase sales and bring to market other novel coca products.”

Red Rock Life Sciences Announces Pioneering Wholesale Transactions of De-Cocainized Coca Essence to a Tequila Brand for Advanced Formulary Development

Retrieved on:

Friday, September 29, 2023

Fast-moving consumer goods, Growth, Coca, USD, Public key certificate

Toronto, Ontario--(Newsfile Corp. - September 29, 2023) - Red Rock Life Sciences (RRLS), an innovator in creating, commercializing & distributing advanced beverage solutions.

Key Points:

Toronto, Ontario--(Newsfile Corp. - September 29, 2023) - Red Rock Life Sciences (RRLS), an innovator in creating, commercializing & distributing advanced beverage solutions.
In a significant industry milestone, Red Rock Life Sciences is pleased to announce its first of a series of wholesale transactions of de-cocainized coca essence to a premium tequila brand for formulary development.
Leveraging this market momentum, Red Rock Life Sciences aims to disrupt the tequila industry by introducing proprietary formulations that incorporate the unique biochemical properties of de-cocainized coca essence.
As the spirits industry, particularly the tequila market, continues to grow and innovate, Red Rock Life Sciences is well-positioned to become a key player.

Power Leaves Corp. Enters Canadian Market With Signing of Coca Extract Supply Agreement

Retrieved on:

Tuesday, July 11, 2023

PLC, Student of the Year 2, Coca, Customer, Coffee, Growth, Bottled water, Essence

TORONTO, Ontario, July 11, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Power Leaves Corp. (“PLC”), a manufacturer of decocainized coca leaf extract, announced that it has signed a supply agreement with a Canadian food and beverage company (the “Customer”). Under the agreement, the Customer has a committed purchase obligation of 2,500 litres of PLC’s coca extract product at $100 per litre in the first 12 months, on a take-or-pay basis.

Key Points:

The agreement includes a committed purchase amount of US$250K within the first year, exceeding PLC’s 2023 coca extract sales projections.
TORONTO, Ontario, July 11, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Power Leaves Corp. (“PLC”), a manufacturer of decocainized coca leaf extract, announced that it has signed a supply agreement with a Canadian food and beverage company (the “Customer”).
Under the agreement, the Customer has a committed purchase obligation of 2,500 litres of PLC’s coca extract product at $100 per litre in the first 12 months, on a take-or-pay basis.
Through this agreement, PLC has granted the Customer exclusive rights for its coca extract for the Canadian market in the product categories of coffee products, gum products, and sparkling water products.

Power Leaves Corp. Signs First Supply Agreement; Receives First Commercial Order

Retrieved on:

Wednesday, June 21, 2023

Sale, Coca, PLC, Customer, Bottled water

TORONTO, June 21, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Power Leaves Corp. (“PLC”), a manufacturer of decocainized coca leaf extract, announced that it has signed a supply agreement with a US beverage manufacturer (the “Customer”) and received its first commercial sales order. The initial order under the supply agreement is for both coca extract and coca essence, each with a sale price of US$100 per litre.

Key Points:

TORONTO, June 21, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Power Leaves Corp. (“PLC”), a manufacturer of decocainized coca leaf extract, announced that it has signed a supply agreement with a US beverage manufacturer (the “Customer”) and received its first commercial sales order.
The initial order under the supply agreement is for both coca extract and coca essence, each with a sale price of US$100 per litre.
“This is a major milestone for Power Leaves.
The coca extract and coca essence products are expected to be used for product development and finished beverage products for the US market.

Power Leaves Corp. Completes First Exports of Decocainized Coca Extract to US; Announces Investor Webinar

Retrieved on:

Wednesday, May 31, 2023

GRAS, Food, PLC, Nutrient, Coca, Coca-Cola, Bottled water

TORONTO, May 31, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Power Leaves Corp. (“PLC”), a manufacturer of decocainized coca leaf extract, announced the completion of its first three exports of proprietary cocaine-free coca extract products to the United States.

Key Points:

PLC will also be holding a webinar on June 7 at 4:30 pm ET to discuss ongoing commercialization efforts.
TORONTO, May 31, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Power Leaves Corp. (“PLC”), a manufacturer of decocainized coca leaf extract, announced the completion of its first three exports of proprietary cocaine-free coca extract products to the United States.
“We are excited to bring our coca extract products to one of the largest food and beverage markets in the world.
PLC’s successful exports also included a wellness company that has established relationships with prominent brands in the United States.

Power Leaves Corp. Announces Successful Visit by Colombian Vice President to Cohetando Facility

Retrieved on:

Wednesday, May 17, 2023

TORONTO, May 17, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Power Leaves Corp. (“PLC”), a manufacturer of decocainized coca leaf extract, announces a successful visit by the Vice President of Colombia, Francia Marquez, to our Cohetando facility, operated in partnership with the Indigenous Foundation of the Colombian Andes (“NASA”) to present our decocainization process and facilities.

Key Points:

Vice President Marquez was accompanied by Congressmen, the Vice Minister of Justice, INVIMA officials, and civil and military authorities.
Vice President Marquez was named one of the 25 most influential women in the world by the Financial Times and was also the winner of the Goldman Environmental Prize.
“We were pleased to welcome Vice President Marquez to the Cohetando facility for a tour and in-depth discussions with our partners, the NASA Indigenous Community,” commented Pat McCutcheon, PLC Co-Founder & CEO.
PLC is working with the NASA community to end those supply chain constraints and unlock the power of coca for the masses.

Power Leaves Corp. Completes First Export of Decocainized Coca Extract to Australia

Retrieved on:

Wednesday, May 10, 2023

Acceleration, Food, Nutrient, Coca, FDA, Drug, Bottled water, Nevia, Eurofins Scientific

TORONTO, May 10, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Power Leaves Corp. (“PLC”), a manufacturer of decocainized coca leaf extract, announced the completion of the first export of its proprietary cocaine-free coca leaf extract and essence products to Ardezen Pty Ltd (“Ardezen”) in Australia. The products will be used for analytical testing, product formulation, and sampling with contract manufacturers and product formulators in the country.

Key Points:

This shipment follows the first export of coca extract to Canada, and represents the acceleration of Power Leaves Corp.’s commercial strategy.
TORONTO, May 10, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Power Leaves Corp. (“PLC”), a manufacturer of decocainized coca leaf extract, announced the completion of the first export of its proprietary cocaine-free coca leaf extract and essence products to Ardezen Pty Ltd (“Ardezen”) in Australia.
In comparison, PLC’s coca extract products offer a new "hero" ingredient that is immediately recognizable and makes products stand out.
As a real food ingredient, PLC’s coca extract can add nutritional value to product labels and be listed as "natural flavors" or directly "coca extract", increasing the positive health perception of a product.