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

 
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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

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