Midori Group Inc. (MDRI)
Midori Group was planning to go public, but the IPO was withdrawn on Jan 3, 2024.
IPO Price Range
$4.15 - $6.15
Shares Offered
3,726,709
Deal Size
$19.19M

Company Description

Midori Group is a global eco-friendly distributor, sales and marketing company of a green, biodegradable plastic additive.

The additive is currently produced and supplied by a third party (EcoLogic, LLC) and sold under our own private brand label “Midori Biosolutions.” The Midori Biosolutions additive is FDA FOOD, REACH, FTC, PROP65, CONEG compliant, non-toxic, no heavy metals, no starches, free of BPA & Phosphates.

The Midori Biosolutions additive is an innovative technology that aims to solve the major problem of the amount of time it takes for untreated plastic to decompose, as it can take centuries to biodegrade.

With this additive, we seek to accelerate the natural biodegradation process to just a few years. The Midori Biosolutions additive is in the initial integration phase, and we are working with 51 consumer and industrial brands who are searching for a sustainable direction.

We have firm commitments from major brands, such as Wilson Tennis, Planters Peanuts, Johnvince Foods, CMI Orchards, and Guycan Thermoforming, to purchase Bio-Solutions additive to be integrated into their food packaging materials.

Midori Group Inc.
CountryCanada
Founded2021
IndustrySpecialty Chemicals
SectorMaterials
CEOKenneth Lyons

Contact Details

Address:
5 Hazelton Avenue Suite 400
Toronto, ON M5R 2E1
Canada
Phone(905) 330-9113
Websitemidori-bio.com

Stock Details

Ticker SymbolMDRI
ExchangeNASDAQ
Fiscal YearOctober - September
Reporting CurrencyCAD
CIK Code0001910053
SIC Code2821

Key Executives

NamePosition
Kenneth LyonsChief Executive Officer and Director
Robert LeederChairman, President and Director
Joseph LeederChief Financial Officer and Secretary
Christina DykunDirector
Daniel DuguayChief Innovation Advisor
Benedict MulroneyCommunications Advisor

Latest SEC Filings

DateTypeTitle
Jun 20, 20251-A/AFiling
Apr 10, 20251-A/AFiling
Nov 22, 20241-A/AFiling
Oct 25, 20241-AFiling
Jan 3, 2024RWFiling
Mar 13, 2023F-1Registration statement for certain foreign private issuers
Dec 2, 2022DRS/A[Amend] [Cover] Draft Registration Statement
Sep 19, 2022DRS/A[Amend] [Cover] Draft Registration Statement
Jun 29, 2022DRS[Cover] Draft Registration Statement
Mar 3, 2022DNotice of Exempt Offering of Securities