BioNeutra Reports Fiscal Year End Financial Results
Edmonton-based BioNeutra Global Corporation released their financials for 2016. Sales of the low cal, natural sweetener - VitaFiber™ IMO - have jumped from $16 million in 2015 to $26 million in 2016.
Later this year, BioNeutra expects to throw the switch on their new $11 million, 45,000 square foot production plant, within two blocks of the Edmonton Research Park. While VitaFiber™ is currently sold to manufacturers of protein bars, beverages and confectionaries, the company plans to roll it out to natural health and specialty food stores as part of a retail launch.