Tranche Update on EcoSynthetix Inc.'s Equity Buyback Plan announced on May 8, 2020.
March 03, 2021 at 05:32 pm EST
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From October 1, 2020 to December 31, 2020, the company has repurchased 184,800 shares, representing 0.33% for CAD 0.31 million. With this, the company has completed the repurchase of 290,400 shares, representing 0.51% for CAD 0.49 million under the buyback announced on May 8, 2020.
EcoSynthetix Inc. is a Canada-based renewable chemicals company that specializes in biomaterials used in a variety of end products. The Company offers a range of sustainable engineered biopolymers that allow customers to reduce their use of harmful materials, such as formaldehyde and styrene-based chemicals. It is engaged in the development and commercialization of environmentally friendly, bio-based technologies as replacement solutions for synthetic, petrochemical-based adhesives and other related products in the Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific. It operates in one segment: the biopolymer nanosphere technology platform. The Company's products include EcoSphere biopolymers, EcoMer biomonomers, EcoStix bio-based pressure-sensitive adhesives, and DuraBind bioresins. The DuraBind and EcoSphere, are used to manufacture wood composites, paper, and packaging. Its serves to the markets, such as paper and paperboard, building materials, and other markets.
ECOSYNTHETIX INC. 
