Sustainable Nutrition Group rises on 'positive' results in hemp product development

Sustainable Nutrition

30/03/2022 01:57

** Shares of Sustainable Nutrition Group  TSN.AX  climb as
much as 16.7% to A$0.14
    ** The hemp-based wellness products maker reports "positive
results" in the development phase of its unique hemp isolates
and concentrates with food manufacturer Australian Plant
Proteins  urn:newsml:reuters.com:*:nASX16HNsV
    ** Says test results show the development of high protein,
soluble and tasteless hemp isolates and concentrates is on track
for commercialisation in early FY23
    ** Says co is well-positioned to benefit from A$113 million 
($84.90 million) worth of funding from the Federal Government to
advance Australian production of plant-based proteins
    ** Stock down 40% YTD, as of last close 
   
($1 = 1.3310 Australian dollars)

 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))