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