Skin Elements Signs Exclusive Distribution Agreement with Farmlands
Key points
- Skin Elements secures an initial commercial order of NZ$600,000
- Farmlands, New Zealand's leading rural co-operative, to distribute ECO-Nurture
- Agreement aims to provide a chemical-free alternative for kiwifruit protection
Full summary
Skin Elements Limited has entered into an exclusive distribution agreement with Farmlands Co-Operative Society, New Zealand's leading rural co-operative, for the marketing, sale, supply, and distribution of its ECO-Nurture horticulture bio-stimulant product. Under the agreement, Farmlands will receive an initial payment of NZ$600,000 for 4,000 liters of ECO-Nurture. The product aims to provide a sustainable alternative to chemical-based sprays, particularly in the kiwifruit industry, which has been significantly impacted by the PSA bacteria. Skin Elements has completed extensive testing demonstrating ECO-Nurture's effectiveness in reducing chemical use while maintaining crop health.
Guidance
Initial order of 4,000 liters of ECO-Nurture for NZ$600,000
Outlook
Potential for expansion into other crops and geographical markets pending regulatory approvals.
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