Socially Responsible Investing

2023 Fiscal Highlights

Revenue increased by 410% from $3.83 million in F2022 to $19.54 million in F2023

Operating cash flow increased by $3.80 million from $2.19 million used in F2022 to $1.61 million generated from operations in F2023

Gross margin increased from 12.6% in F2022 to 26.2% in F2023

Net loss of $1.16 million in F2023 – includes $0.87 million in research and development expenditures

Cash on hand was $0.70 million on April 30, 2023, plus $3.6 million in unused credit facilities to fund growth

$14.95 million of Property, Plant, and Equipment assets used to generate revenues and develop the next generation of low carbon and carbon sequestering products expected to position us for long-term revenue growth and profitability

5 REASONS TO INVEST

It’s hard to go a day without seeing something about climate change and food insecurity with cement and agriculture industries being at the forefront of the news as heavy emitters and unsecure industries that need solutions. 

Each of these are multi-billion dollar challenges in Canada alone, with a total addressable market size in North America of more than $100 billion and growing.

Progressive Planet is a manufacturing company with proven product lines, but at our core, we are an innovation company developing critical low-carbon and carbon sequestering solutions for the cement and agricultural industries. Our base business generates meaningful cashflows to fund innovation and commercialization.  

IP protected by mix of patents, patents pending, trademarks, and trade secrets. 

Global licensing strategy of key innovations as key revenue driver while limiting capital costs of expansion. 

Proven success with strategic acquisition strategy through acquisition of our base business that has ability to increase capacity of operations by 800% within existing buildings. 

Supply products to more than 10,000 retail locations today, providing ready market access across North America for launching new cement and agriculture products. 

Experienced team produces and ships more than million packaged products annually and growing through this distribution network today. 

Major partnerships with LafargeHolcim (world’s largest cement company) and key agricultural players in the Canadian Prairies are driving commercial introduction of key innovations as early as 2023. 

PozGlass pilot plant targeting operations in 2024 with global licensing potential as early as 2025. 

TSXV:PLAN

Progressive Planet Solutions is publicly traded on the TSX Venture Exchange under the ticker ‘PLAN’. The stock price for today and historical share prices are provided for informational purposes only and are not intended for trading purposes.

Latest News

Progressive Planet is a manufacturing company with proven product lines, but at our core, we are an innovation company developing critical low-carbon and carbon sequestering solutions for the cement and agricultural industries.

Additional Contacts

KPMG LLP

PO Box 10426 777 Dunsmuir Street
Vancouver BC V7Y 1K3
Canada

Computer Share

510 Burrard Street
Vancouver, BC, Canada V6C 3B9

Richards Buell Sutton LLP, Barristers and Solicitors

700 – 401 West Georgia Street
Vancouver, BC, Canada, V6B 5A1

Sign-up for company news & updates

Subscribe to our mailing list to keep up-to-date on exciting developments, product announcements and more.