STOCK TITAN

Beyond Oil Ltd. - $BEOLF STOCK NEWS

Welcome to our dedicated page for Beyond Oil Ltd. news (Ticker: $BEOLF), a resource for investors and traders seeking the latest updates and insights on Beyond Oil Ltd. stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Beyond Oil Ltd.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Beyond Oil Ltd.'s position in the market.

Rhea-AI Summary

Beyond Oil announced a new supply agreement with the master franchisee of a major global fast-food chain in Israel, marking its second international fast-food customer. The agreement, effective June 4, 2024, signifies an initial rollout of Beyond Oil's product over the coming months, with full implementation expected thereafter. This move aims to enhance food quality, reduce operational costs, and minimize waste. The agreement lasts for 36 months with automatic extension provisions. This follows another recent deployment of Beyond Oil's product with another large fast-food chain, highlighting the company's global expansion strategy.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

Beyond Oil has announced successful Proofs of Concept at major fried food manufacturers in the USA and Canada, marking key steps toward full-scale commercialization in the industrial frying market. Collaborating with leading filtration system companies, Beyond Oil aims to provide an efficient, integrated oil filtration solution. Recent tests showed Beyond Oil's product exceeded expectations, particularly in improving treated oil flow rates. The company targets the North American market, backed by strategic partnerships and a growing presence in the food service sector. CEO Jonathan Or highlighted the health and sustainability benefits, as well as the cost savings of their product. The industrial frying market is poised for growth, with the North American frozen French fries market expected to reach $8.1 billion by 2028. Beyond Oil's innovative filtration powder, protected by patents, extends oil life, reduces environmental impact, and promotes public health.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

Beyond Oil announced collaboration with renowned Chef Israel Aharoni, who endorsed Beyond Oil's product after a successful six-month pilot program. Chef Aharoni, a prominent figure in Israel's culinary scene, highlighted the product's effectiveness in removing oil impurities, improving food quality, and extending oil life. Beyond Oil aims to address the health risks associated with reused frying oil, a widespread practice in the food industry linked to serious health issues like cancer and cardiovascular diseases. The company's innovative filtration powder, protected by patents, absorbs degradation compounds from fried oil, promoting sustainability and reducing environmental impact. Beyond Oil's solution offers significant cost savings for restaurants and has received regulatory approvals from the FDA and Health Canada.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
34.53%
Tags
none
Rhea-AI Summary

Beyond Oil announces a successful product rollout in Israel with one of the world's largest fast-food chains. The company's innovative product is set for full-scale adoption following pilot programs, demonstrating substantial improvements in frying oil and food quality. Beyond Oil is strategically positioned for global expansion, with active discussions ongoing with multiple franchisees worldwide. The company's solution addresses health risks associated with reusing frying oil and contributes to environmental sustainability.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
17.08%
Tags
none
-
Rhea-AI Summary
Beyond Oil announces positive voting results from its annual and special meeting of shareholders. The meeting, held on April 25, 2024, saw 54.83% of outstanding shares represented. Shareholders approved key items including setting the number of directors, appointing an auditor, amending equity plans, and extending warrant expiry dates.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary
Beyond Oil , a food-tech innovation company, will host its annual general and special meeting of shareholders on April 25, 2024. The Meeting agenda includes electing directors, appointing an auditor, and approving various amendments. The Company provides additional information on regulatory exemptions and disinterested shareholder approval concerning the Deferred Purchase Price Agreement and Subco Warrants.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary
Beyond Oil (BEOLF) receives recognition for food-tech innovation at the 9th Annual Restaurant Summit and Food Conference in Israel. The company's revolutionary solution extends the life of frying oil, reducing costs, waste, and health risks. Beyond Oil's product was voted as the most innovative food-tech solution, contributing significantly to public health in Israel.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary
Beyond Oil ships its high-quality product to West Coast Reduction , marking a significant milestone in their strategic partnership. The shipment is part of a distribution agreement, showcasing the company's innovative food-tech solutions aimed at extending the life of frying oil, reducing costs, waste, and health risks.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary
Beyond Oil Ltd. (BEOLF) raised C$2,635,642.50 at C$0.75 per unit in the offering, issuing 3,514,190 units. The company secured a lead order from West Coast Reduction Ltd. The net proceeds will be used for general corporate purposes and to support innovation and growth initiatives. The board approved the grant of options to acquire 1,123,294 shares. The product extends the usable life of frying oil, is patent-protected, and has received regulatory approvals from the US FDA, Health Canada, and NSF. The product integrates into existing filtration systems to improve product quality and reduce costs for quick-service restaurants.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
66.11%
Tags
none
Rhea-AI Summary
Beyond Oil Ltd. and West Coast Reduction Ltd. have entered into a Strategic Opportunities & Distribution Agreement, granting WCRL exclusive rights to distribute Beyond Oil's products in Canada and Washington State, with the potential for expansion into other sub-sectors of the food oil industry. The agreement also includes joint research and development programs and the possibility of WCRL manufacturing the products in North America. This collaboration is expected to drive Beyond Oil's growth in North America and establish the company as a global leader in the food oil industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Beyond Oil Ltd.

OTC:BEOLF

BEOLF Rankings

BEOLF Stock Data

27.61M
45.04M
14.38%
Packaged Foods
Consumer Defensive
Link
United States of America
Mission