Update on good natured Products Inc.’s Restructuring

October 24, 2024

Vancouver, British Columbia — good natured Products Inc. (TSXV: GDNP.H) (OTC Pink: GDNPF), a leader in eco-friendly food packaging, bio-based plastic extrusion, and plant-based products, has provided an update on the restructuring of its business operations and financial affairs under the Companies’ Creditors Arrangement Act (CCAA).

The company obtained an Initial Order from the Supreme Court of British Columbia under the CCAA on June 28, 2024, which allowed for a stay of proceedings until October 25, 2024. This stay was extended by the Court until October 31, 2024.

As good natured continues to navigate the restructuring process, it is working towards a sustainable solution that will allow the company to emerge stronger and more resilient in the future.

How Will This Affect Me?

As a consumer, you may experience changes in the availability of good natured’s products during the restructuring process. It is important to stay informed about any updates from the company regarding product availability and distribution channels.

How Will This Affect the World?

good natured’s commitment to eco-friendly packaging and plant-based products has had a positive impact on the environment. By restructuring its operations, the company aims to continue leading the way in sustainable practices and reducing the environmental footprint of the packaging industry.

Conclusion:

good natured’s restructuring under the CCAA is a strategic move to ensure the long-term sustainability of the company and its commitment to eco-friendly practices. As the company works towards a viable solution, consumers can expect to see continued innovation and leadership in the eco-friendly packaging industry.