Loop Industries Stock Price, News & Analysis

Loop Industries (NASDAQ:LOOP) will present at the Benchmark Company's 11th Annual Discovery One-on-One Investor Conference on December 1, 2022, at the New York Athletic Club, NYC. CEO Daniel Solomita and Vice President of Communications and Investor Relations Kevin O'Dowd will engage in one-on-one meetings with institutional analysts and investors, promoting the company's mission of advancing a circular plastics economy with 100% recycled PET. For meeting requests or conference registration, visit here.

Loop Industries (Nasdaq:LOOP) will participate in the Sidoti & Company LLC Virtual Investor Conference on November 9-10, 2022. Co-founder and CEO Daniel Solomita and VP of Communications Kevin O'Dowd will present on November 10 at 10:00 AM ET. Registration for the presentation and virtual one-on-one meetings is free and open to all investors. Loop Industries focuses on creating 100% recycled PET plastics, contributing to a circular economy by reducing plastic waste and enabling sustainable packaging solutions.

Loop Industries reported its first revenues of $135,428 for Q2 2023 from the sale of 100% recycled Loop™ PET resin, marking a significant milestone. The increase in production capacity at its Terrebonne, Quebec facility supports sustainability goals for consumer brands. However, the company faced a net loss of $7.71 million, a decrease from the previous year, attributed to reduced R&D expenses. A strategic partnership with L'OCCITANE aims to enhance sustainability in product packaging. Loop plans to expand with new manufacturing facilities in North America, Europe, and Asia by 2030.

Loop Industries (Nasdaq:LOOP) and L'OCCITANE en Provence have announced the launch of a new bottle for the Almond Shower Oil, made from 100% recycled Loop™ PET resin. This initiative supports L'OCCITANE's goal of utilizing 100% recycled materials in its packaging by 2025. The collaboration highlights Loop's branding on the packaging, emphasizing sustainability and recyclability. Additionally, Loop's production facility in Terrebonne, Quebec, has undergone upgrades to boost capacity, facilitating the supply of recycled PET resin to leading brands, including L'OCCITANE.

Loop Industries (Nasdaq:LOOP) will be represented by Founder and CEO Daniel Solomita, along with VP of Communications Kevin O'Dowd, at the Sidoti & Company LLC Virtual Investor Conference on November 9-10, 2022. The company focuses on advancing a circular plastics economy through its technology that produces 100% recycled polyethylene terephthalate (PET) plastic and polyester fiber. This technology aids in converting waste PET and polyester into high-quality material, thus contributing to sustainability objectives. For registration, visit this link.

Loop Industries (NASDAQ:LOOP) will participate in a fireside chat with Water Tower Research on August 23, 2022, at 11am EDT. Daniel Solomita, the Founder and CEO, will discuss the company's mission to accelerate a circular plastics economy through 100% recycled PET plastic and polyester fiber. Loop utilizes patented technology to recycle low-value PET waste into virgin-quality resin suitable for food-grade packaging. This initiative supports sustainability efforts and aims to reduce plastic waste.