- Business
- GLG Life Tech Corporation GLG Life Tech Corporation (TSX:GLG) operates as a vertically integrated producer of zero-calorie natural sweeteners for the global food and beverage industry; core products include high-purity stevia extracts, high-purity monk fruit extracts, stevia sweetening systems, and pea protein products such as P-Pro Plus. The company manages the full supply chain, encompassing non-GMO seed breeding, propagation, cultivation, harvesting, proprietary extraction, refining, and formulation of these sweeteners, with agricultural and processing facilities in the People's Republic of China and corporate headquarters in Richmond, British Columbia, Canada. Founded in 1998, GLG Life Tech serves international customers through its Fair Wage Farmers Program, emphasizing sustainable practices and customized flavor profiles for beverages, supplements, and other applications.
In recent developments, the company transferred its Runde subsidiary in 2024, erasing nearly CAD $79 million in debt and improving its balance sheet while maintaining production indirectly through partnerships with Xiaogang Health and Qingdao Honghongyuan Health Industry Technology Co., Ltd. (HHY). It entered a similar transfer agreement for its Runhai subsidiary in November 2024, pending shareholder approval at the May 2025 annual general meeting, to further reduce China-related risks and enhance working capital. These strategic divestitures support revenue growth, with 2024 annual revenues reaching $14.6 million, up 41% from 2023, driven by new stevia products and expanded customer sales.