Farmers' cooperative deal could push Crailar into profitability
22/05/2015
Flax company Crailar has grown revenues 300% in the first quarter to $1.7 million and has signed a deal with a flax farmers’ cooperative that it estimates could reduce feedstock costs by 50%. Investments and debt took it to a net loss of $200,000 for the quarter, but this was compared with a loss of $2.6 million for Q1 2014. Fiber output volume...
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