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XI’AN, China - Bon Natural Life Limited (NASDAQ:BON), a prominent bio-ingredient solution provider with current annual revenues of $23.84 million, has entered into an exclusive cooperation agreement with Beijing Huahai Keyuan (Tech) Co., Ltd., a leading distributor of functional ingredients in China. The agreement, spanning 36 months, is valued at $32 million and designates Beijing Huahai Keyuan as the sole sales partner for BON’s patented postbiotic hypoglycemic ingredients. According to InvestingPro data, the company maintains a healthy current ratio of 2.42, indicating strong short-term liquidity.
These ingredients are developed to manage blood sugar levels, targeting post-meal glucose spikes and are noted for their effectiveness, safety, and ease of integration into daily life. BON’s innovation aims to make strides in the global blood sugar health market by offering a series of hypoglycemic solutions. InvestingPro analysis suggests positive momentum ahead, with analysts forecasting both sales and net income growth for the coming year.
Hu Yongwei, the Chairman and CEO of BON, expressed confidence in the company’s potential to establish a dominant position in the postprandial blood glucose control market. He anticipates that BON’s hypoglycemic products will contribute to significant market progress and sales growth over the next two to three years.
The postprandial blood glucose control market is rapidly expanding, with a current value exceeding $30 billion and a compound annual growth rate of 7.5%. While BON’s stock has faced significant pressure, declining 97% year-to-date, the strategic partnership with Beijing Huahai Keyuan could help reverse this trend. InvestingPro subscribers have access to 18 additional key insights about BON’s financial health and market position.
This move reflects BON’s broader strategy to become a leader in comprehensive blood glucose health solutions, leveraging its product capabilities and market strengths. The information reported is based on a press release statement by Bon Natural Life Limited.
In other recent news, Bon Natural Life Limited has introduced a new line of sleep health products featuring a proprietary Glucoraphanin-Myrosinase delivery system. This innovation aims to enhance the bio-activity of glucoraphanin, a compound with potential health benefits, particularly in sleep regulation. In addition, Bon Natural Life is facing a delisting notice from Nasdaq due to its failure to meet the minimum bid price requirement, with shares closing below $1.00 for 30 consecutive business days. The company has filed an appeal and is exploring options to regain compliance. Furthermore, Bon Natural Life has secured a $12 million supply deal with Shanghai Yunsheng to co-develop health solutions using apple polyphenols. The company also announced a $12 million securities offering to expand its sales network and enhance R&D. Lastly, Bon Natural Life achieved a high yield in tea pigment bio-manufacturing, with a yield rate of 12-16% and purity levels above 95%.
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