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GGross profit margins for organic infant formula are typically ~35%
• Wattle Health expects to retail its organic infant formula products for ~$30 a tin based on present market conditions
• Wattle Health has a first right of refusal to purchase all organic dried milk powder from CBDG
• At full production, the CBDG spray dryer could produce up to ~10,000t of dried milk powder

Organic product produced through dedicated organic milk spray dryer
Supply of organic milk guaranteed from ODFA through CBDG JV of up to 46 million litres per annum of fresh organic milk with the capacity to ramp up to 60 million litres per annum
Proposed to be packaged through CNCA approved packaging facility – Blend And Pack