THS Maple Holdings Ltd. (YAY:TSXV)
THS Maple manufactures and sells maple syrup and maple-flavoured products globally.
The Company is seeing strong growth due to distribution expansion and demand for natural sweeteners, with management guiding for 25% topline growth. YAY has plenty of excess capacity to meet new demand.
THS has shown inconsistent profitability since going public, but we foresee this stabilizing going forward.
The industry is quite fragmented, playing into YAY’s acquisition plans.
Investment Summary
Company Description
THS Maple Holdings sells and distributes maple syrup and maple flavored products to retail partners and direct to consumers in Canada and over 25 other countries. In its facilities in Granby and Vermont, the Company purchases, stores and bottles maple syrup in over 100 different formats under its proprietary brands Turkey Hill, Echo Mountain, and New England Maple Farms. Working with its manufacturing partners, THS also sells products such as cookies, candies, chocolates and beverages, all with maple flavoring, under the same brands.
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