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Beyond Oil Ltd. (OTCQB: BEOLF; TSX: BOIL) is a food-tech innovation company whose news flow centers on its patented frying oil technology, commercial rollouts, and capital markets milestones. The company positions its solution as a way to reduce harmful compounds in frying oil, mitigate health risks associated with reused oil, lower costs for food service operators, and improve sustainability and food quality.
News about Beyond Oil frequently covers distribution agreements and expansion into new geographic markets. Recent announcements describe exclusive and non-exclusive distribution arrangements in Central Europe, Canada, Vietnam, and the Philippines, along with repeat orders from restaurant chains and foodservice partners that have adopted Beyond Oil’s solution in their frying operations. These updates often highlight measured improvements in food quality, oil lifespan, operational efficiency, and environmental impact when the product is used consistently.
Investors and analysts following BEOLF stock and BOIL stock will also find updates on leadership and governance. The company has reported the formation and expansion of an Advisory Board that includes executives with experience in large consumer, food, and telecommunications organizations. These appointments are framed as supporting Beyond Oil’s shift from an early-stage, pilot-driven startup into a global, sales-focused commercial organization.
Capital markets and corporate developments are another recurring theme. Beyond Oil has issued news regarding its uplisting to the Toronto Stock Exchange, participation in investor conferences, and financial results, while directing readers to its management discussion and analysis and financial statements for detailed information. The Stock Titan news page for BEOLF aggregates these items so readers can track distribution deals, commercial milestones, leadership changes, and market-related announcements in one place.
Beyond Oil has announced its first direct purchase order in Western Europe from Mister Noodles, a Spanish restaurant chain. The order includes 10,000 daily doses of Beyond Oil's product for all 20 of Mister Noodles' restaurants across Spain. This marks a significant commercial milestone for Beyond Oil as it expands into Western Europe.
Jacob Tureman, CEO of Mister Noodles, expressed pride in being the first Spanish restaurant chain to use Beyond Oil, citing the opportunity to protect employee and customer health. The chain plans to display the Beyond Oil quality label in all its restaurants to raise awareness and encourage other establishments to focus on public health.
Jonathan Or, CEO of Beyond Oil, highlighted this order as a important step in the company's global outreach strategy. He noted that as the team gains experience, the sales cycle for commercial deals is shortening, facilitating expansion into other countries.
Beyond Oil and Fandango Collection & Recycling , its exclusive Israeli distributor, have provided an update on their commercial expansion in the Israeli market. Fandango has attracted new customers, including Giraffe, an Israeli-based Asian chain, and MeatBar Group, owner of MeatBar Burger and MeatBar Steakhouse. The Beyond Oil product has reduced customers' oil consumption by 50% to 80% consistently. Fandango has implemented quality seals for kitchens using Beyond Oil and launched social media campaigns to highlight the partnership with restaurateurs and chefs.
Shai Medioni, CEO of Fandango, stated that after a year of staff training, product marketing, and developing a sales system, they are ready to accelerate penetration of the Israeli restaurant market. Jonathan Or, CEO of Beyond Oil, mentioned that they are working to replicate this successful partnership in other countries worldwide.
Beyond Oil (CSE:BOIL)(OTCQB:BEOLF) has successfully closed a non-brokered private placement, issuing 1,345,697 shares at C$1.50 per share, raising gross proceeds of C$2,018,551.83. The offering included investments from Fandango Collection & Recycling , the company's exclusive distributor in Israel, as well as from the Chief Technology Officer, employees, and existing shareholders. CEO Jonathan Or highlighted the financing's significant premium compared to a recent offering less than three months ago. The funds will be used for general corporate purposes, supporting Beyond Oil's strategic objectives in the food-tech industry. The company paid C$18,197.37 in finder's fees, and all issued shares are subject to a four-month plus one day hold period.
Beyond Oil (CSE:BOIL) (OTCQB:BEOLF), a food-tech innovation company, was featured in a television broadcast on Israel's National Public Broadcast Network (Kan 11) on August 22, 2024. The report highlighted the company's technology that reduces health risks associated with deep-fried foods by addressing the harmful effects of reused frying oil. Beyond Oil's product demonstrates the ability to filter and extend the life of frying oil, potentially making it a new standard in the industry. The company aims to contribute to global health, environmental stewardship, and cost savings in the food industry, particularly relevant given the high consumption of fast food in countries like the United States.
Beyond Oil (CSE:BOIL, OTCQB:BEOLF) announced the publication of a Medical Opinion by Professor Sarel Halahmi, Head of Urology at Bnei Zion Medical Center. The opinion focuses on health risks associated with reused frying oils, including bladder cancer, chronic kidney disease, and infertility. It concludes that Beyond Oil's filter powder is a global scientific breakthrough in protecting public health and reducing morbidity caused by consuming foods fried in reused oils.
The opinion highlights the widespread practice of reusing frying oil in restaurants and food factories, which leads to the accumulation of carcinogenic toxins. Beyond Oil's technology is presented as an effective solution to this global problem, potentially benefiting millions worldwide by reducing harmful substances in fried foods.
Beyond Oil (CSE:BOIL)(OTCQB:BEOLF) has entered into a letter of intent (LOI) with one of the world's largest food equipment manufacturers in the industrial frying market. This partnership aims to:
- Design and build state-of-the-art industrial frying filtration solutions
- Market and provide the joint filtration system globally
- Create a revolutionary system for the industrial frying sector
The collaboration follows a successful preliminary industrial test in May 2024. Beyond Oil's technology is designed to reduce health risks associated with fried food, lower operational costs, minimize waste, and enhance sustainability. The global industrial frying market is significant, with multi-billions in revenues and growing.
Beyond Oil and its Israeli distributor, Fandango Collection & Recycling , report significant progress in the Israeli market. Fandango has placed a second major order following successful customer conversions and growing sales. The company's product, which reduces health risks associated with fried food and lowers operational costs, has gained traction among restaurants, chains, and industrial kitchens.
Key highlights:
- Fandango reports 50% reduction in frying oil consumption among customers
- Improved food quality and safer work environments noted by users
- Growing awareness of health risks associated with reused frying oil
- Fandango led a recent C$2.5 million private placement in Beyond Oil
- Beyond Oil's product extends oil life while meeting food quality and safety requirements
Beyond Oil has successfully closed a non-brokered private placement, raising C$2.5 million at C$1.05 per unit. The funding includes a lead order from Fandango Collection & Recycling, Beyond Oil's distributor in Israel. Each unit comprises one common share and one-half of a share purchase warrant, exercisable at C$1.75 for one year. Notably, Fandango's senior management and shareholders participated in the offering. The funds will support Beyond Oil's growth and innovation in the food-tech sector. Additionally, insiders of Beyond Oil invested C$240,270.52, with C$171,237.52 from the company's president and founder. The proceeds will be used for general corporate purposes, and the issued securities are subject to a hold period of four months plus one day.
Beyond Oil aims to revolutionize the food oil industry with its innovative filtration powder, which extends frying oil's lifespan, reduces waste, and enhances food safety. The company achieved a milestone by shipping 16 tons of its product to Fandango in May 2023. Beyond Oil's solutions are backed by patents and regulatory approvals from the FDA and Health Canada, ensuring compliance with food-grade specifications.
Beyond Oil (CSE:BOIL, OTCQB:BEOLF), a food-tech innovation company, announced a non-brokered private placement of up to 2,380,952 units at C$1.05 per unit, targeting gross proceeds of up to C$2.5 million. Each unit includes one common share and one-half of a share purchase warrant, exercisable at C$1.75 per share for one year. The proceeds will be used for general corporate purposes. The offering may include a 6% commission in cash and warrants for eligible persons. Securities will have a four-month hold period and insider participation is capped at 15%. The offering is subject to customary closing conditions and necessary approvals.
Beyond Oil announced a new supply agreement with the master franchisee of a major global fast-food chain in Israel, marking its second international fast-food customer. The agreement, effective June 4, 2024, signifies an initial rollout of Beyond Oil's product over the coming months, with full implementation expected thereafter. This move aims to enhance food quality, reduce operational costs, and minimize waste. The agreement lasts for 36 months with automatic extension provisions. This follows another recent deployment of Beyond Oil's product with another large fast-food chain, highlighting the company's global expansion strategy.
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