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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Sunora Foods Inc | TSXV:SNF | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.165 | 0.165 | 0.17 | 0 | 00:00:00 |
CALGARY, ALBERTA / ACCESSWIRE / April 9, 2014 / Sunora Foods Inc. ("Sunora" or the "Corporation") (TSX Venture: SNF) is pleased to announce recent shipments of food oils to numerous destinations in China. These shipments have been delivered to the following Chinese cities: Guangzhou, Shenzhen, Ningbo, Fuzhou, Shanghai, Chongqing, Chengdu and Tianjin.
President Steve Bank states, "We are extremely pleased to continue delivery of our portfolio of packaged oils into China. As the demand for our high quality oil increases in markets outside of Canada and the United States, Sunora will increase marketing efforts designed to demonstrate the merits of this healthier oil for use in cooking."
China is currently a major importer of canola oil from Canada.
China Canola Oil Imports (tonnes)
------------------------------------------- |2009 |2010 |2011 |2012 |2013 | |-----------------------------------------| | | | | | | |-----------------------------------------| |439,000|962,000|563,000|1,000,000|885,000| -------------------------------------------
Source: Statistics Canada
These are cumulatively the largest shipments ever made of Sunora's packaged oil into China. These shipments are expected to grow throughout 2014 and beyond. Sunora is an internationally recognized canola oil brand, with the majority of its current sales in Canada and the United States.
In addition, the Corporation has recently registered the Sunora brand in China. This registration will assist in generating new potential customers for the Sunora brand in both Mainland China and in additional Asian countries.
About Sunora Foods
Sunora Foods is a Calgary, Alberta based food oil products entity supplying and trading canola oil, corn oil, soybean oil, olive oil, and specialty oils in Canada and internationally under the "Sunora", "Sunera" and numerous private label brands.
For further information
Dean Stuart
Investor Relations
T: 403 517 2270
E: dean@boardmarker.net
Steve Bank
Chief Executive Officer and President
T: 403 247 8300
E: steve.bank@sunora.com
SOURCE: Sunora Foods Inc.
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