ZIVO Announces Commitment By ZWorldwide To Purchase All Zivolife Algal Biomass Product Produced Over The Next 18 Months
Portfolio Pulse from Happy Mohamed
Zivo Bioscience, Inc. (NASDAQ:ZIVO) announced that ZWorldwide, an independent distributor with exclusive rights to the Zivolife product in North America, will purchase the entire supply of Zivolife produced for the first 18 months. ZWorldwide has also committed to purchasing at least 24,000 kilograms of product for each of the next five years. ZIVO is working with Alimenta Algae to increase production volumes and expects to have significantly expanded production capacity fully operational in 2025.
August 16, 2023 | 12:34 pm
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Zivo Bioscience has secured a commitment from ZWorldwide to purchase all Zivolife product for the next 18 months and at least 24,000 kg annually for the next five years. This could potentially increase ZIVO's revenues and positively impact its stock price.
The commitment from ZWorldwide to purchase all Zivolife product for the next 18 months and at least 24,000 kg annually for the next five years provides a guaranteed revenue stream for ZIVO. This could potentially increase investor confidence in the company and positively impact its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100