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Beyond Oil Ltd. (BEOLF) is a food-tech innovation company focused on reducing health risks associated with fried food, extending the life of frying oil, and enhancing sustainability. The company has successfully completed proof of concepts at large food manufacturers in the USA and Canada, aiming to commercialize its product in the industrial frying market. By collaborating with leading industrial filtration system companies, Beyond Oil offers an efficient, cost-effective filtration solution. Their innovative product absorbs degradation components from fried oil, preserving quality and allowing reuse. The company's recent supply agreements with major fast-food chains signify its commitment to revolutionize the food oil industry, offering substantial health, environmental, and cost-saving benefits. Beyond Oil's vision is to create a healthier future for consumers, reduce operational costs, and minimize waste in the food industry.
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Beyond Oil Ltd. and West Coast Reduction Ltd. have entered into a Strategic Opportunities & Distribution Agreement, granting WCRL exclusive rights to distribute Beyond Oil's products in Canada and Washington State, with the potential for expansion into other sub-sectors of the food oil industry. The agreement also includes joint research and development programs and the possibility of WCRL manufacturing the products in North America. This collaboration is expected to drive Beyond Oil's growth in North America and establish the company as a global leader in the food oil industry.
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Beyond Oil Ltd. (CSE:BOIL)(OTCQB:BEOLF) announces the appointment of Michael Nemirow as a Strategic Advisor to strengthen the Company's expansion in North America. Mr. Nemirow brings a wealth of experience from his previous role as CEO of Greenstar Plant Products, Inc., where he successfully led and scaled the business, setting a new strategic direction and orchestrating an acquisition. His expertise in distribution, sales, strategic scaling, and manufacturing will be invaluable in driving Beyond Oil to new heights.
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Beyond Oil Ltd. (CSE:BOIL)(OTCQB:BEOLF) is a food-tech innovation company extending the life of frying oil while reducing costs, waste, and health risks. The company has achieved significant milestones in 2023, including commercializing its product for the food service industry, penetrating the market, and gaining interest from global food chains and potential strategic distributors. Beyond Oil's product has shown substantial health benefits, sustainability impact, and potential cost-savings for the food industry. The company has also made progress in the industrial frying market and has received credible health reports and intellectual property protection. Additionally, Beyond Oil has closed the first tranche of a non-brokered private placement financing of units, with plans to close the remainder in the near future.
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Beyond Oil's innovative solution contributes to improving public health by reducing morbidity and mortality from cancers caused by exposure to frying fumes.
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Beyond Oil Ltd. to raise up to US$2.0 million in unit offering
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Beyond Oil Ltd. has shipped 3.2 tons of its product to the USA and UK, marking its first commercial shipments to these countries. The shipments will serve multiple purposes, including customer demonstrations and expanding market presence. The company's unique product extends the life of frying oil, improves product quality, and reduces costs. It has received non-objection letters from FDA and Health Canada, allowing distribution. The product integrates into existing filtration systems for optimal results.
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Beyond Oil Ltd. announces sales traction in the food service industry and distribution agreements in Israel, the United States, and the United Kingdom. The company has a strong sales pipeline in Europe, Asia, Canada, and Australia. Beyond Oil's product reduces health risks associated with frying oil and has potential cost savings for restaurants. The product extends the usable life of frying oil and improves product quality. The company has patent-protected solutions and is distribution ready with FDA and Health Canada approvals.
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DTC Eligibility increases accessibility of Beyond Oil's stock for US investors, enhancing liquidity and execution speed.
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The Power Play by The Market Herald has released new interviews with Beyond Oil, Empower Clinics, and Nextech3D.ai. These interviews discuss the latest news from the companies.
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FAQ
What is the current stock price of BEYOND OIL (BEOLF)?
The current stock price of BEYOND OIL (BEOLF) is $1.03 as of December 18, 2024.
What is the market cap of BEYOND OIL (BEOLF)?
The market cap of BEYOND OIL (BEOLF) is approximately 69.3M.
What is Beyond Oil Ltd.'s core focus?
Beyond Oil focuses on reducing health risks associated with fried food, extending the life of frying oil, and enhancing sustainability.
What recent achievements has Beyond Oil Ltd. made?
Beyond Oil successfully completed proof of concepts at large food manufacturers in the USA and Canada, aiming to commercialize its product in the industrial frying market.
How does Beyond Oil's product work?
Beyond Oil's product absorbs degradation components from fried oil, preserving quality and allowing reuse through an efficient filtration process.
What are the benefits of Beyond Oil's product for the food industry?
Beyond Oil's product offers substantial health, environmental, and cost-saving benefits to the food industry by reducing health risks, improving food quality, and decreasing operational costs.
What is Beyond Oil's vision for the future?
Beyond Oil aims to create a healthier future for consumers, reduce operational costs, and minimize waste in the food industry through its innovative solutions.
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