The Calmer Signs MoU with US-Based Leilo to Supply Kava Powders
MT Newswires Live
May 07
The Calmer (ASX:CCO) has executed a non-binding memorandum of understanding with Leilo, a kava-based beverage maker in the US, according to a Wednesday Australian bourse filing.
Under the agreement, the company will supply kava powders, sourced from across the South Pacific, to Leilo, the filing said.
The first phase of supply will start in the fiscal fourth quarter, the filing said.
The company said its wholesale revenue has increased by 49% in the fiscal third quarter, supported by two orders from IMCD and Two Valley.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.