A natural wellness company, Holista Colltech Limited (ASX:HCT) released its quarterly performance update on 29 April 2020 highlighting the fact that COVID-19 environment has kept the Company busy. For instance, NatshieldTM, HCT’s all-natural and alcohol-free sanitiser opened up during this quarter. The Company witnessed NatshieldTM Sanitiser inventory face a run due to the virus outbreak.The Company thrives to establish NatshieldTM as the preferred natural sanitiser globally as it is more than 99.99% effective against feline coronavirus, as affirmed by a leading UK Bio-safety Lab.HCT believes that the acceptance and significant sales of NatshieldTM along with growing demand for Holista’s 80LessTM and other food ingredient products make HCT a much stronger company now than how it started as this quarter.Besides this, HCT raised ~A$4.32 million from the CPA with Acuity Capital and a further A$2.2 million on 21 April 2020. It booked a total cash inflow from customers of $1.98 million for the quarter.The Company has managed to secure bottles and the bottling capacity in America by applying part of the funds raised to deliver the product to a USA distributor. similar arrangements have been completed in Malaysia and Philippines as well while HCT taps potential distributors in new international markets.
HCT Price at posting:
16.5¢ Sentiment: Hold Disclosure: Held
