This past Friday, Billy Goat Brands Ltd (OTCMKTS:BGTTF) was in the news cycle after it made a major new announcement with regards to its fully owned subsidiary unit FunGuys Beverages. The company announced that FunGuys had been successful in achieving the Phase II certification of LOOP cycle protocols of TerraCycle.
Trading Data
On Friday, BGTTF stock ended flat at $0.0229 with 5.04K shares, compared to volume of 9.64K shares. The stock moved within a range of $0.0229 – 0.0229 after opening trade at $0.0229.
Billy Goat Provides H2 Guidance for FunGuys Beverages
This was a significant milestone for FunGuys since it further reinforces its position as a responsible mushroom laced cold brew coffee beverages distributor. It should be noted that its formulations are proprietary in nature as well. The company’s beverages are sold under the Kold brand and the latest certification is expected to be a significant boost for the brand.
This certification will allow FunGuys to move the Kold brand from single use packaging to a multiuse ecosystem and on top of that it will also give the company to move into a scalable sales channel. LOOP already has a network of retail partners and hence, FunGuys will be able to make use of those partners in terms of sales.
On the other hand, Billy Goat Brands also announced that in the second fiscal quarter of the year it had managed to boost its ownership in Evanesce Inc by as much as 100%. Evanesce is a sustainable packaging company.
