With equity for funding likely to be part of the JV deal , expiry of the NC6OA options and 12% dilution, means this deal can move forward with haste. NC6 needs the funding, the world needs to move to more ecologically sustainable fashion ASAP.
The world of fashion has urgency that was missing for many years.
NC6 belongs to Fashion 4 Good and has been accelerated as one of the 10 chosen innovators.
Paradise Textiles joined 12 months ago and Lewis is a major contributor.
Birla Group belong and are serious contributors.
I look forward to a Nanollose/Paradise/Birla becoming a power group of action takers within the Fashion for Good ecosystem.
The following post is from a director of Fashion for Good.
Ann: Paradise Textiles Term Sheet for Exclusive Supply of Fibre, page-28
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