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XI’AN, China - BON Natural Life Limited (NASDAQ:BON), a bio-ingredient solutions provider, has unveiled a new series of sleep health products featuring a proprietary Glucoraphanin-Myrosinase delivery system. This innovation is designed to improve the bio-activity of glucoraphanin, a compound found in broccoli with potential health benefits including sleep regulation. According to InvestingPro data, BON maintains a healthy current ratio of 2.42, indicating strong short-term liquidity to support new product initiatives.
The company’s patented delivery system aims to enhance the conversion of glucoraphanin into sulforaphane, its active form, addressing inefficiencies in the body’s metabolic process. By optimizing enzymatic activation, the system seeks to maximize the bio-availability and efficacy of sulforaphane.
Chairman and CEO Yongwei Hu expressed confidence in the product’s ability to meet unfulfilled needs in the sleep health sector and anticipates rapid market adoption. The new product line is expected to contribute to the company’s growth and potentially reshape the sleep health market landscape.
BON Natural Life Limited, headquartered in the Cayman Islands, operates in the natural health and personal care industries. The introduction of these sleep health products is part of the company’s ongoing efforts to expand its portfolio and capitalize on emerging market opportunities.
The information in this article is based on a press release statement from BON Natural Life Limited.
In other recent news, Bon Natural Life Limited has announced a $12 million securities offering, which includes Class A ordinary shares, pre-funded warrants, and Series A and B Warrants. The company plans to use the proceeds to expand its sales network, enhance research and development, and increase production capacity. In addition, Bon Natural Life has secured a $12 million supply agreement with Shanghai Yunsheng to co-develop health solutions featuring apple polyphenols. This 24-month contract aims to cater to the growing demand for wellness supplements.
Moreover, the company has made advancements in tea pigment bio-manufacturing, achieving a high yield rate of 12-16% with purity levels above 95%. These tea pigments are gaining attention for their health benefits, and the company plans to develop innovative products in this area. However, Bon Natural Life is facing challenges as it has received a Nasdaq delisting notice due to its share price falling below the required threshold. The company has filed an appeal and is exploring options to regain compliance. These developments highlight the dynamic and challenging environment in which Bon Natural Life operates.
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