How is BAL progressing with it's CFDA registration? This seems to be the greatest risk to the business (not getting it), and it feels like the process has been abnormally drawn-out?
CFDA registry slowed down significantly after chinese NY. No new registry list released for two months now. So it’s not just Ballemy. iLLuma Atwo has not got registered either. I look forward to Ballemy premium series release and apparently they will include DHA ARA in it. About time I would say. As the criticism among Chinese consumers on BAL lacking key nutrition ingredients such as DHa has been increasing. That could very likely be another customer win for Clover Corp. :) they have certified organic DHA ingredient ready to go and already supply most big ANZ brands.
Btw CFDA is in process of merging with another couple of Chinese mkt supervision bureaus so it’s not a big surprise the registry slows down significantly but not forever. :)