Crailar Technologies Inc (OTCMKTS:CRLRF) General Supply Agreement with Ikea

Repost This

Las Vegas, NV -- (SBWIRE) -- 12/24/2013 -- Crailar Technologies Inc (OTCMKTS:CRLRF) conducts the business of technology deployment. The company, previously Naturally Advanced Technologies deploys proprietary CRAiLAR Flax Fibers and CRAiLEXTM for bast fiber processing in the industries of textile, composite, pulping and plastics. CRAiLARFiber Technologies Inc., 0697872 B.C. Ltd., Hemptown USA, Inc. HTnaturals Apparel Corp. and Naturally Advanced Technologies US Inc. are the subsidiaries of the company. The company uses bamboo and other environmentally sustainable material for its apparel.

Crailar Technologies signed a General Supply Agreement on December 19, 2013 with IKEA. Under the agreement, the company will get a loan of $3.2 million (Canadian) from IKEA.

Crailar Technologies is also negotiating with Hydra Ventures B.V. to sign investment of $2.0 million (Canadian). The company says that it will not register negotiated shares and warrants under United States Securities Act of 1933.

To find out what OTCMAGIC projects for Crailar Technologies Inc for both short term and long term please click here: CRLRF

OTCMAGIC Spends all day scouring the markets for the next huge Penny Stock Winner. Investors have come to trust us for our up to date commentary on all hot stocks so please visit OTCMAGIC right now and see what it’s all about for yourself! At 30,000 Visitors a Month and growing rapidly OTCMAGIC is the hottest thing in penny stocks!

Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. PLEASE NOTE: OTCMagic.com employees are not registered as an Investment Advisor in any jurisdiction whatsoever. Full disclaimer can be read at http://OTCMagic.com/disclaimer. Release of Liability: Through use of this website viewing or using you agree to hold OTCMagic.com, its operators owners and employees harmless and to completely release them from any and all liability due to any and all loss monetary or otherwise, damage monetary or otherwise, or injury (monetary or otherwise) that you may incur. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. OTCMagic.com affiliates may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. Any opinions expressed are subject to change without notice. OTCMagic.com encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and OTCMagic.com. We make no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies. This is not a solicitation to buy or sell any securities. Any claims or Statements should be deemed hypothetical. OTCMagic.com, nor any of its affiliates are not registered investment advisors or broker dealers.