Yes ... of course it includes Uganic as a branded end product but every point in the supply chain has additional revenue streams through wholesale, white labeling and partnerships IE Milk, spray drier, packaging etc. ... in addition to Uganic ... B&P already have these established with revenue, the China JV will be a volume white label channel, the spraydrier will be operational soon as a wholesale service. To look at the Uganic product as the only string to the WHA bow is short sighted.
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