NUTRICAN - Canada - Company Info

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NUTRICAN

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NUTRICAN
Canada

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- Omega-3 Seal Oil Fatty Acids
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Company Profile

Company Contact

Name:

Mr. Stephen Lee [Director/CEO/General Manager]

E-mail:

Homepage:

www.naturalomega-3.com

Mobile Number:

Phone Number:

Fax Number:

Address:

5650 Yonge Street, Suite 1500
Toronto M2M 4G3, Ontario
Canada

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Registration Date:

May. 24, 2023

Last Updated:

Oct. 29, 2008

Business Nature:

Manufacturing, Trade of Food & Beverage category

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Company Brief

We focuses on the full utilization and development of high quality products, from the renewable Harp seal resource abundant in the waters off the coast of Newfoundland. NUTRICAN products include Omega-3 rich Harp seal oil supplied in bulk oil or capsule form, and processed seal meat. The oil is extracted from the blubber of the animal and marketed internationally.

The health benefits of Omega-3 have been well documented by various scientific journals and initial research conducted by Memorial University in Newfoundland shows seal oil might provide superior benefits over existing Omega-3 sources. Future aspirations include the development of nutraceuticals from fishery by-products.

The refining process has been federally registered and fully certified for the production of pharmaceutical-grade, premium food-grade oils. The product and facilities are regularly inspected and approved by the Canadian Food Inspection Agency ( CFIA) . The process is HACCP-based to ensure quality controls are integrated at every step. Our oil is an all-natural product in that it is refined rather than manufactured, and the process is mechanical rather than biochemical. Our pharmaceutical, premium food grade oil is available in encapsulated and bottled form.

Market potential
The main dietary supplement market for seal oil is Asia. Research is still ongoing into the benefits of supplementation to target specific health conditions. Despite its composition differences to other Omega 3 supplements it is unlikely that seal oil will be able to compete directly with fish oil supplements currently on the market in Europe.

The key to survival in the Omega-3 nutritional oils market is to develop a unique selling proposition that differentiates the product from fish oil supplements. Nutritional Oils that make claims primarily based on their Omega-3 fatty acids content are competing directly with the well established fish oil supplement market and are unlikely to survive. Oils that contain other components, which are beneficial to health and, are also able to leverage the Omega 3 PUFAs content are more likely to succeed.

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