The announcement that Cargill has officially started producing EverSweet brings commercial reality to Evolva’s stevia product, after years of R&D. In line with its new focus on a capital-light strategy, Evolva is not participating in a JV with Cargill, but will rather draw down a royalty stream. This allows a positive contribution to be made more rapidly, and significantly reduces the financial demands on Evolva. We adjust our model to account for this, and also trim our forecasts f
22 Mar 2018
Evolva - EverSweet
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Evolva - EverSweet
The announcement that Cargill has officially started producing EverSweet brings commercial reality to Evolva’s stevia product, after years of R&D. In line with its new focus on a capital-light strategy, Evolva is not participating in a JV with Cargill, but will rather draw down a royalty stream. This allows a positive contribution to be made more rapidly, and significantly reduces the financial demands on Evolva. We adjust our model to account for this, and also trim our forecasts f