AI assistant
WIDE OPEN AGRICULTURE LTD — Capital/Financing Update 2021
Jun 23, 2021
66072_rns_2021-06-23_e808c030-fdbb-47cd-bc53-8385ea7bda73.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [590 x 73] intentionally omitted <==
24 June 2021
SUPPLEMENTARY INFORMATION RE DISTRIBUTION INTO NSW AND VIC MARKETS
Wide Open Agriculture Limited (ASX: WOA) (“WOA” or the “Company”) refers to the announcement released on 23 April 2021 and provides the following supplementary information.
The order from The Market Grocer represents our largest single order of OatUP into a new and large market in New South Wales (NSW) and Victoria (Vic). The intent is that this will be the first of many orders.
The significance from this is that when the OatUP product arrives in NSW (estimated June 28), the Company will have broad distribution available in NSW and Vic, an objective previously stated in ASX announcements. This gives WOA distribution in two much larger markets than we are currently in, and it is the Company's expectation that it will accelerate sales of OatUP materially.
The Market Grocer is one of the largest grocery wholesalers servicing independent, specialty grocers and major supermarkets throughout Australia.
[ENDS]
This ASX release has been approved for release by Ben Cole on behalf of the Board of Directors.
For investor, media or other enquiries please contact:
Dr Ben Cole Managing Director - Wide Open Agriculture [email protected] +61 415 387 270
==> picture [596 x 126] intentionally omitted <==