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. The company’s business operations are primarily directed at industrial production of stevia and achieving sales of stevia products to multinational food, beverage, and ingredient companies. Its commercial operations include its pursuit of stevia extract production through its enzyme enhancement process that uses fermentation. The company performs research and development on a rage of topics, including artificial intelligence, aimed at enhancing its fermentation techniques and production methods. It also intends to develop related product applications and technologies that could provide additional commercial opportunities related to stevia production and in the broader health and sustainability industries. Research and Development During the fiscal year ended March 31, 2014, the company incurred $575,092 in expenses that were allocated to research and development activities. Intellectual Property The company obtained or applied for exclusive and worldwide rights to multiple patents and patent families, most of which have been developed internally, but also including rights obtained through a license agreement with Vineland Research and Innovations Centre (the Vineland License). The Vineland License has an initial term of 10 years and may be renewed by the company for additional 2-year terms until all licensed patents have expired, which is March 19, 2027 for U.S. Patent No. 7927851; March 20, 2027 for European Union Patent No. EP1897951B1; and March 21, 2027 for Canadian Patent No. 2580429. The company’s internally developed patents include three separate provisional patent applications filed in the United States in 2013 and 2014, covering biosynthesis methods for steviol glycosides, enzyme enhancement methods, and use of agricultural drones and robotic systems in agriculture. Government Regulation In addition to laws and regulations enforced by the U.S. Food and Drug Administration and those related to the sale of stevia leaf or refined stevia extract, the company is subject to regulations under the Occupational Safety and Health Act, other labor and employment laws, and other present and potential future federal, state or local laws and regulations applicable to its operations as an agricultural biotechnology company. Further, the company’s agricultural operations are subject to a range of evolving environmental laws and regulations. These laws and regulations include the Clean Air Act; the Clean Water Act; the Resource Conservation and Recovery Act; the Federal Insecticide; Fungicide and Rodenticide Act; and the Comprehensive Environmental Response, Compensation and Liability Act. Competition The company competes with Cargill, Incorporated; GLG Life Tech Corp.; Blue California Inc.; Corn Products International, Inc.; and PureCircle Limited. History The company was founded in 2007. It was incorporated under the laws of the state of Nevada in 2007. The company was formerly known as Legend Mining Inc. and changed its name to Stevia First Corp. in 2011.
stevia first corp (STVF:OTC US)
5225 Carlson Road
Yuba City, CA 95993
|GLG Life Tech Corp||C$0.36 CAD||-0.005|
|Ingredion Inc||$86.85 USD||+0.76|
|PureCircle Ltd||551.50 GBp||0.00|
|View Industry Companies|
|Price/Cash Flow||NM||Not Meaningful|
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