A long way from the $3.28 high the penny stock reached on March 29th, Stevia First Corp. (OTC: STVF) is hoping to regain the lost market value with a focus on the direct sale of branded stevia products. STVF stock closed Friday at $0.45, -86.28% below its March high, on volume of just 190,595 shares. The question investors should ask is are talks about developing a direct to consumer product even worth talking about until the Company can successfully grow a stevia plant.
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STVF Stock Chart
The Company said it has identified and initiated early stage discussions with several innovative OEM suppliers and food technologists with the intent to develop newly branded product lines offering significant benefits and attributes through the use of stevia as a sweetener and/or nutritional enhancement. The products could include tabletop sweeteners targeting direct consumer sales in order to take advantage of the Company’s positioning as it builds towards a vertically-integrated stevia enterprise in the U.S.
Note: Search “stevia” in the SEC Company Name Search and you’ll find that the 4 company’s with stevia in their name are all penny stocks.
Market Value: $23,152,500 a/o Jun 01, 2012
Shares Outstanding: 51.45 Million a/o Jan 23, 2012
Stevia First Corp. is seeking to establish a vertically-integrated stevia enterprise in the U.S. with expertise in stevia seed and tissue propagation, plant breeding, and cultivation. Stevia First’s U.S. operations are located in the heart of California’s Central Valley, one of the world’s most productive agricultural regions.
About the Stevia Industry
The market for all-natural, zero-calorie stevia sweeteners is expanding rapidly. The World Health Organization (WHO) estimates stevia intake could eventually replace 20-30% of all dietary sweeteners. The total global sweetener market was estimated at $58.3 billion in 2010.
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