GLG Life Tech Corp., an agricultural and commercial development of high quality stevia products announces that on Nov. 30, 2012, Health Canada approved the use of stevia in food and beverages. Prior to this approval, stevia was available only within natural health product applications. Stevia is a natural zero calorie sweetener that has a zero glycemic index and can be used by diabetics. The approval means that consumers across Canada will soon be able to enjoy a similar range of stevia sweetened products to those already available in the United States and the European Union where stevia is already approved for use in food and beverages.
GLG is a Canadian corporation and is privileged to be working with a number of Canadian companies incorporating stevia in the product development process in anticipation of Health Canada’s approval. There has been a significant increase in projects using GLG stevia over the last several months since Health Canada has made steps forward in approving stevia for use within food and beverages. Although numerous food and beverage companies have been proactively working with the ingredient prior to this notice, this approval provides the confidence required for many of these organizations to invest further in the R&D and formulation work and expedite these projects.
“GLG has been investing in the stevia supply chain for many years and holds patents in agriculture and processing and is a global leader with its processing capacity and agricultural capabilities. We have invested over $100 million in developing our physical plant assets and agricultural assets over the past five years. We have customers using our stevia across the world and we are very proud that as a Canadian company we will now see stevia in widespread use in Canada” said Brian Meadows, president and CFO.
GLG already has customers in Canada and distributor partners in place to service the Canadian consumer’s needs. The Company’s director of sales, Shaun Richmond, commented that “Each of our ingredient distributors brings a wealth of expertise in the sweetener category and the benefit of having very strong ties to the food and beverage industry. Our vertical integration offers our Canadian distributor partners a significant advantage, with supply chain transparency and traceability and very competitive pricing accorded by our third generation stevia leaf. Working alongside our knowledgeable formulators on our AN0C Stevia Solutions Team, our distributors can confidently offer their customers product formulation expertise that will greatly assist in fast-to-market product development solutions using our high-purity stevia extracts and proprietary blends. We market and sell our products globally and it is with great pride that we introduce stevia within food and beverage products to the consumers in our own backyard.”