"We are proud to have earned a place among the Venture 50 for the third year in a row," said Guy Prevost, CFO of CRAiLAR Technologies. "This recognition is a demonstration of continued investor support for the team's steadfast commitment to delivering the most unique natural fiber the world has seen in decades."
Outlined in a TMX Group release on Wednesday, the 2013 TSX Venture 50 was determined based on equal weighting of the following measures: market capitalization growth, share price appreciation, trading volume and analyst coverage. It is comprised of ten companies from each of five sectors: clean technology; mining; oil & gas; diversified industries; and technology & life sciences.
About CRAiLAR Technologies Inc.
CRAiLAR Technologies Inc. offers cost-effective and environmentally sustainable natural fiber in the form of flax, hemp and other bast fibers for use in textile, industrial, energy, medical and composite material applications. Produced using a fraction of water and chemical inputs compared with other natural fibers, CRAiLAR Flax is the newest natural fiber introduction to the market in decades.
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