SOLARVEST BIOENERGY INC. ("Solarvest") announces that its operating division, Solarvest (P.E.I.) Inc., has signed a Memorandum of Understanding for the supply of its organic Omega-3 products to the Canadian human nutraceutical market. The MOU provides for a two year exclusive supply agreement, which may be extended an additional year if certain supply volume conditions are met.
Solarvest and this development/distribution partner will begin immediately to work together to develop premium organic nutraceuticals for the Canadian market. This collaboration will focus each partner's strengths; Solarvest's unique organic process to derive organic Omega-3 products from algae, coupled to a substantial distribution network and a recognized brand.
Solarvest's partner has become the leader in this market segment and has made a commitment to seek out products that are produced in a sustainable and environmentally positive manner. Solarvest's 100% organic/chemical free products and production seamlessly align with these objectives and the rapidly growing natural products market.
