Flexible Solutions International (FSI) shares were up nearly 42% in recent trading Thursday after saying it entered a five-year contract to manufacture food-grade products for a US-based company.
The non-exclusive contract will renew for up to five years automatically unless any of the parties issues a non-renewal notice, the company said. The identity of the client was not disclosed.
The company projected annual revenue ranging from $15 million to $30 million or above from the contract.
Flexible Solutions makes biodegradable polymers.
Price: 5.23, Change: +1.54, Percent Change: +41.84
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