Australian
Oilseeds Holdings Limited (NASDAQ: COOT), a company specializing in the
production of non-GMO cold-pressed oils, has announced the expansion of its
distribution network through a new partnership with Woolworths, one of
Australia's leading retailers. As part of this agreement, the company's
products, including non-GMO GEO extra virgin canola oil and non-GMO GEO extra
virgin vegetable oil, will be available in all Woolworths stores across the
country, with sizes ranging from 750 ml to 4 liters.
Currently valued
at approximately 28 million dollars, Australian Oilseeds Holdings aims to
leverage its new partnership with Woolworths to boost its annual revenue, which
reached 22.5 million dollars in the last 12 months.
Gary
Seaton, the CEO of the company, expressed great enthusiasm for the partnership,
highlighting how it aligns perfectly with Australian Oilseeds’ mission to
reduce the use of chemicals in agriculture and food production. The agreement
marks a significant milestone in the company's growth journey and its strategic
initiatives, which also include the recent expansion into the Chinese market. The
company is also in negotiations with other retail chains in Australia and the
United States to supply its range of cold-pressed, non-GMO extra virgin
vegetable oils. Australian Oilseeds Holdings prides itself on being the largest
cold-pressing oil facility in Australia, focusing on both conventional and
organic non-GMO oilseeds for over 20 years. Australian Oilseeds Holdings is
currently in talks with other major retail chains in both Australia and the
United States to expand its range of cold-pressed, non-GMO extra virgin
vegetable oils. The company, which prides itself on being the leading cold-pressing
facility in Australia, stands out for its two-decade commitment to processing
both conventional and organic non-GMO oilseeds.
