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    A090370   KR7090370008

METALABS CO., LTD.

(A090370)
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Lygos CBx and Metalabs Co., Ltd. Partner to Co-Develop and Commercialize Haircare Products Featuring Cannabinoids

12/17/2020 | 08:03am EST

Lygos, Inc. and Metalabs Co., LTD. announced a partnership to develop haircare and shampoo products featuring Lygos-CBG™ (cannabigerol). CBG is a cannabinoid that has been reported to interact with the endocannabinoid receptors that are involved in hair growth and inflammation.1-3 Metalabs will incorporate its specialty formulations with Lygos-CBG into a new line of haircare and shampoo products designed for a deep cleansing and purifying process that promotes strand resistance while enhancing volume, shine and growth. The Lygos CBx platform enables the production of many cannabinoid compounds for consumer applications in an environmentally safe, sustainable and cost-effective manner. This partnership enables important product formulations that have not been used due to scalability, consistency and cost issues. Lygos CBx’ novel production pathway offers a high-performance, ultra-pure, THC-free, and consistent alternative to agricultural-based cannabinoid production. The two companies will work together to develop a proprietary formulation and conduct safety and efficacy studies. The results of these studies are expected in 2021, prior to the anticipated commercial launch of the new line of haircare and shampoo products.


ę S&P Capital IQ 2020
All news about METALABS CO., LTD.
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2020Lygos CBx and Metalabs Co., Ltd. Partner to Co-Develop and Commercialize Haircare Produ..
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Financials
Sales 2020 83 354 M 69,3 M 69,3 M
Net income 2020 -18 629 M -15,5 M -15,5 M
Net Debt 2020 7 448 M 6,19 M 6,19 M
P/E ratio 2020 -3,35x
Yield 2020 -
Capitalization 65 132 M 54,1 M 54,1 M
EV / Sales 2019 0,94x
EV / Sales 2020 0,91x
Nbr of Employees 43
Free-Float 75,0%
Chart METALABS CO., LTD.
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Income Statement Evolution
Managers and Directors
Ji-Hyeon Yoo Chief Executive Officer & Director
Hong-Soo Choi Director & Head-Business Operations
Jin-Oh Choi Independent Director
Kyung-Mok Kim Independent Director
Tae-Joon Jeon Independent Director
Sector and Competitors
1st jan.Capi. (M$)
METALABS CO., LTD.-6.92%59
PROCTER & GAMBLE COMPANY-3.32%379 096
UNILEVER PLC-2.90%132 561
THE ESTÉE LAUDER COMPANIES INC.-20.97%105 310
HINDUSTAN UNILEVER LIMITED-2.68%73 039
COLGATE-PALMOLIVE COMPANY-4.63%68 599