Replenish Nutrients Holding Corp. (formerly EarthRenew Inc.) (CSE: ERTH) (OTC: VVIVF) ("Replenish" or the "Company"), is pleased to announce its 2024 full-year and fourth quarter financial results and business update.
Business Update and Market Outlook
The fourth quarter of 2024 saw lower revenues and sales volumes, but improved gross profit margins, gross profit percentage and adjusted EBITDA compared to the same quarter in the prior year. While revenues, sales volumes and margins were down on a full year basis, the Company expects increased revenues, margins and cash flows once full-scale granulated fertilizer production ramps up at the Beiseker facility by mid-2025. The Company continues to have strong repeat business from its retained customer base in addition to selling incremental volumes to new customers during the year, demonstrating the efficacy and strong demand for the Company's regenerative fertilizer products.
As it relates to the recent macro economic events surrounding tariffs and various international trade relations, the Company believes the resilient and large domestic agriculture market in Canada as well as the diversified nature of Canada's agriculture exports bodes very well for Canada and the Company's products. Further, the Company is very proud to claim that its products are 100% Canadian manufactured with nearly 100% Canadian sourced raw materials, supporting Canadian workers and supply chains and demonstrating Canadian leadership and innovation in the critical agriculture and food supply chain sectors.