CRAiLAR Technologies Inc. which produces and markets CRAiLAR, a natural fiber made from flax and other bast fibers, has been named to the 2013 TSX Venture 50, a list assembled based on quantitative measurement of top performing publicly traded companies on the TSX Venture Exchange. CRAiLAR was ranked ninth in clean tech sector. It is the third consecutive year the company has earned a position on the list.
"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.