Good Natured Products Inc. announced it has signed a letter of intent for a three-year commercial agreement with an existing pharmaceutical packaging customer to expand their product assortment. The Company expects to sign the full commercial agreement by the end of 2023, which will outline a multi-year program to produce approximately 100 million packages over a three-year term. This program includes multiple packaging designs using a blend of the Company's Bio-PET material and recycled content to meet specified sustainability objectives.

Packaging for this program will be manufactured at a good natured® in-house facility. The Company anticipates revenue of approximately CAD 3.5 million in the first year of the agreement, of which CAD 2.7 million will be from new products being added to the customer's existing assortment. Volumes in the first year are expected fluctuate on a quarterly basis to match product seasonality and timing as the new products are rolled out.