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Midori Group was planning to go public, but the IPO was withdrawn on Jan 3, 2024.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.
Country Canada
Founded 2021
Industry Specialty Chemicals
Sector Materials
CEO Kenneth Lyons

Contact Details

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

Stock Details

Ticker Symbol MDRI
Exchange NASDAQ
Fiscal Year October - September
Reporting Currency CAD
CIK Code 0001910053
SIC Code 2821

Key Executives

Name Position
Kenneth Lyons Chief Executive Officer and Director
Robert Leeder Chairman, President and Director
Joseph Leeder Chief Financial Officer and Secretary
Christina Dykun Director
Daniel Duguay Chief Innovation Advisor
Benedict Mulroney Communications Advisor

Latest SEC Filings

Date Type Title
Nov 22, 2024 1-A/A Filing
Oct 25, 2024 1-A Filing
Jan 3, 2024 RW Filing
Mar 13, 2023 F-1 Registration statement for certain foreign private issuers
Dec 2, 2022 DRS/A [Amend] [Cover] Draft Registration Statement
Sep 19, 2022 DRS/A [Amend] [Cover] Draft Registration Statement
Jun 29, 2022 DRS [Cover] Draft Registration Statement
Mar 3, 2022 D Notice of Exempt Offering of Securities