Carlsbad-based Sealand Natural Resources Inc. has announced a distribution agreement with Brea-based Nature’s Best Inc., the country’s largest private wholesaler of health and natural food products. Financial terms were not disclosed.
Sealand Natural Resources manufactures, markets and sells what it calls “new age functional beverages,” or rather, organic and low-calorie sports drinks.
The company is publicly traded on the OTC markets, with shares closing at $7.36 on July 16. It has a market capitalization of $25.05 million. The company said in its annual report that it also has a distribution deal with United Natural Foods Inc., another large health foods wholesaler.
Sealand said in the filing that it plans to distribute its beverage, called Sealand BIRK, in 1,000 outlets by September and 2,500 by the end of 2013, expanding outside of the U.S. to Korea, Canada and Europe.
— SDBJ Staff Report