Last $0.37 USD
Change Today +0.008 / 2.22%
Volume 17.3K
As of 8:10 PM 07/28/14 All times are local (Market data is delayed by at least 15 minutes).

stevia first corp (STVF) Snapshot

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11/19/13 - $0.58
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stevia first corp (STVF) Details

Stevia First Corp. operates as an agricultural biotechnology company in the United States. The company develops proprietary fermentation technologies for production of stevia, an alternative sweetener. It focuses to develop production methods and commercializes them to sell stevia extract to multinational food, beverage, and ingredient companies. The company was formerly known as Legend Mining, Inc. and changed its name to Stevia First Corp. in October 2011. Stevia First Corp. was founded in 2007 and is headquartered in Yuba City, California.

7 Employees
Last Reported Date: 06/30/14
Founded in 2007

stevia first corp (STVF) Top Compensated Officers

Chief Executive Officer, President, Principal...
Total Annual Compensation: $143.8K
Compensation as of Fiscal Year 2014.

stevia first corp (STVF) Key Developments

Stevia First Corporation Auditor Raises 'Going Concern' Doubt

Stevia First Corporation filed its 10-K on Jun 30, 2014 for the period ending Mar 31, 2014. In this report its auditor, Weinberg & Company, P.A., gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Stevia First Corporation Provides Scale-Up Data for Reb A Production from Enzyme Enhancement

Stevia First Corp. disclosed industrial scale-up data for its purified Rebaudioside A alternative sweetener products derived from an enzyme enhancement process. In 2013, Stevia First achieved success in converting low-grade stevia extract directly into highly purified stevia extract using an enzyme enhancement process. Stevia First has filed new intellectual property related to this process and has been working extensively towards commercialization and implementation at an industrial scale. Upon successful implementation, the company intends to implement an annual minimum of 200 metric tons capacity for high purity Reb A through contract manufacturers or strategic partners. The process could enable Stevia First to directly convert low-grade stevia extract, which is commonly marketed for $40,000 per metric ton, into highly purified Reb A, which is often marketed for $100,000 per metric ton or more. The company recently formed an alliance with Qualipride International in order to gain access to 1,500 metric tons of annual supply of low-grade stevia extract for use as starting material. For perspective on this capacity in the context of the stevia industry, Purecircle is a stevia supplier that disclosed as of 2013 a 2,800 metric ton capacity for highly purified stevia extract that could support annual sales of $250 to $300 million.

Stevia First Launches SF Pure Subsidiary

Stevia First announced that it is accelerating plans for commercialization of its stevia products and for California production of stevia leaf and stevia extract. The company has formed a subsidiary branded as SF Pure to build North American stevia extraction and refining facilities. SF Pure has agreed in principle to obtain exclusive rights outside of China to use technology developed by a private Chinese company, Qualipride International and currently installed at multiple stevia extraction and purification facilities located within China. In addition, SF Pure further agreed in principle to substantially take over the stevia sales and distribution business of Qualipride, which sold more than 600 tons of stevia extract in the past 12 months, including 350 tons for export from China. Its current customers include many multinational ingredient companies and wholesalers in the U.S. and Europe. Qualipride has been in business for more than 15 years and through its factories and partnerships has access to more than 2,000 metrics tons of annual stevia production capacity.


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STVF Competitors

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Company Last Change
GLG Life Tech Corp C$0.30 CAD 0.00
Ingredion Inc $77.55 USD -1.09
PureCircle Ltd 607.50 GBp -2.50
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