Edison Investment Research - GLG Life Tech Corp. (GLG.) Update: Moving ahead with formal Luo Han Guo deal

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Edison Investment Research

Update: Moving ahead with formal Luo Han Guo deal

GLG has signed a 12-month agreement to sell between US$9m and US$12m of Luo Han Guo (LHG) extract to an undisclosed customer. This transaction cements the firmâ€™s move to diversify its revenue stream beyond stevia, and should help improve margins starting in Q414. Our C$144.2m NPV is derived from our projection that the company will return to generating consistently positive EBITDA in 2016, supported by the LHG business and the harvesting of higher-yielding leaf as part of GLGâ€™s core stevia business.

20/08/2014 7 EN

Underlying

GLG Life Tech Corp.

GLG Life Tech is a vertically integrated producer of stevia extract, an all-natural sweetener extracted from the stevia plant. Co. is engaged in the research and development, growing, refining and production of stevia extract for distribution to the global food and beverage industry.

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CA3617932015 Toronto Stock Exchange Canada

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Edison Investment Research is terminating coverage on GLG Life Tech Corp. Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant.

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Update: Moving ahead with formal Luo Han Guo deal

Ford Equity International Rating and Forecast Report

Update: Termination of coverage

Update: Luo Han Guo drives revenue growth

AGBA - A transformational deal

Biodexa Pharmaceuticals - In a period of transition

Norcros - Sale of Johnson Tiles UK agreed

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