BEYOND OIL LTD Stock Price, News & Analysis

Beyond Oil and West Coast Reduction (WCRL) provided an update on their strategic partnership in North America. Following their January 2024 agreement, WCRL became the exclusive Canadian distributor and non-exclusive Washington State distributor for Beyond Oil's products. WCRL has successfully conducted customer demonstrations and pilot programs with various restaurant chains, leading to supply agreements in Western Canada. The company is preparing to accelerate product roll-out across its territories. In the industrial sector, Beyond Oil has completed successful Proofs of Concept at large fried food manufacturers, with WCRL actively participating in these trials and a joint development program with a global food equipment manufacturer.

Beyond Oil has announced its first direct purchase order in Western Europe from Mister Noodles, a Spanish restaurant chain. The order includes 10,000 daily doses of Beyond Oil's product for all 20 of Mister Noodles' restaurants across Spain. This marks a significant commercial milestone for Beyond Oil as it expands into Western Europe.

Jacob Tureman, CEO of Mister Noodles, expressed pride in being the first Spanish restaurant chain to use Beyond Oil, citing the opportunity to protect employee and customer health. The chain plans to display the Beyond Oil quality label in all its restaurants to raise awareness and encourage other establishments to focus on public health.

Jonathan Or, CEO of Beyond Oil, highlighted this order as a important step in the company's global outreach strategy. He noted that as the team gains experience, the sales cycle for commercial deals is shortening, facilitating expansion into other countries.

Beyond Oil and Fandango Collection & Recycling , its exclusive Israeli distributor, have provided an update on their commercial expansion in the Israeli market. Fandango has attracted new customers, including Giraffe, an Israeli-based Asian chain, and MeatBar Group, owner of MeatBar Burger and MeatBar Steakhouse. The Beyond Oil product has reduced customers' oil consumption by 50% to 80% consistently. Fandango has implemented quality seals for kitchens using Beyond Oil and launched social media campaigns to highlight the partnership with restaurateurs and chefs.

Shai Medioni, CEO of Fandango, stated that after a year of staff training, product marketing, and developing a sales system, they are ready to accelerate penetration of the Israeli restaurant market. Jonathan Or, CEO of Beyond Oil, mentioned that they are working to replicate this successful partnership in other countries worldwide.

Beyond Oil (CSE:BOIL)(OTCQB:BEOLF) has successfully closed a non-brokered private placement, issuing 1,345,697 shares at C$1.50 per share, raising gross proceeds of C$2,018,551.83. The offering included investments from Fandango Collection & Recycling , the company's exclusive distributor in Israel, as well as from the Chief Technology Officer, employees, and existing shareholders. CEO Jonathan Or highlighted the financing's significant premium compared to a recent offering less than three months ago. The funds will be used for general corporate purposes, supporting Beyond Oil's strategic objectives in the food-tech industry. The company paid C$18,197.37 in finder's fees, and all issued shares are subject to a four-month plus one day hold period.

Beyond Oil (CSE:BOIL) (OTCQB:BEOLF), a food-tech innovation company, was featured in a television broadcast on Israel's National Public Broadcast Network (Kan 11) on August 22, 2024. The report highlighted the company's technology that reduces health risks associated with deep-fried foods by addressing the harmful effects of reused frying oil. Beyond Oil's product demonstrates the ability to filter and extend the life of frying oil, potentially making it a new standard in the industry. The company aims to contribute to global health, environmental stewardship, and cost savings in the food industry, particularly relevant given the high consumption of fast food in countries like the United States.

Beyond Oil (CSE:BOIL, OTCQB:BEOLF) announced the publication of a Medical Opinion by Professor Sarel Halahmi, Head of Urology at Bnei Zion Medical Center. The opinion focuses on health risks associated with reused frying oils, including bladder cancer, chronic kidney disease, and infertility. It concludes that Beyond Oil's filter powder is a global scientific breakthrough in protecting public health and reducing morbidity caused by consuming foods fried in reused oils.

The opinion highlights the widespread practice of reusing frying oil in restaurants and food factories, which leads to the accumulation of carcinogenic toxins. Beyond Oil's technology is presented as an effective solution to this global problem, potentially benefiting millions worldwide by reducing harmful substances in fried foods.

Beyond Oil (CSE:BOIL)(OTCQB:BEOLF) has entered into a letter of intent (LOI) with one of the world's largest food equipment manufacturers in the industrial frying market. This partnership aims to:

• Design and build state-of-the-art industrial frying filtration solutions
• Market and provide the joint filtration system globally
• Create a revolutionary system for the industrial frying sector

The collaboration follows a successful preliminary industrial test in May 2024. Beyond Oil's technology is designed to reduce health risks associated with fried food, lower operational costs, minimize waste, and enhance sustainability. The global industrial frying market is significant, with multi-billions in revenues and growing.

Beyond Oil and its Israeli distributor, Fandango Collection & Recycling , report significant progress in the Israeli market. Fandango has placed a second major order following successful customer conversions and growing sales. The company's product, which reduces health risks associated with fried food and lowers operational costs, has gained traction among restaurants, chains, and industrial kitchens.

Key highlights:

• Fandango reports 50% reduction in frying oil consumption among customers
• Improved food quality and safer work environments noted by users
• Growing awareness of health risks associated with reused frying oil
• Fandango led a recent C$2.5 million private placement in Beyond Oil
• Beyond Oil's product extends oil life while meeting food quality and safety requirements

Beyond Oil has successfully closed a non-brokered private placement, raising C$2.5 million at C$1.05 per unit. The funding includes a lead order from Fandango Collection & Recycling, Beyond Oil's distributor in Israel. Each unit comprises one common share and one-half of a share purchase warrant, exercisable at C$1.75 for one year. Notably, Fandango's senior management and shareholders participated in the offering. The funds will support Beyond Oil's growth and innovation in the food-tech sector. Additionally, insiders of Beyond Oil invested C$240,270.52, with C$171,237.52 from the company's president and founder. The proceeds will be used for general corporate purposes, and the issued securities are subject to a hold period of four months plus one day.

Beyond Oil aims to revolutionize the food oil industry with its innovative filtration powder, which extends frying oil's lifespan, reduces waste, and enhances food safety. The company achieved a milestone by shipping 16 tons of its product to Fandango in May 2023. Beyond Oil's solutions are backed by patents and regulatory approvals from the FDA and Health Canada, ensuring compliance with food-grade specifications.