09 Jun 2020 --- Natural sweetener company GLG Life Tech (GLG) has published its financial results for the financial year ended December 31, 2019. The company reported revenues of CA$10.2 million (US$7.6 million) for the year 2019, a CA$6.4 million (US$4.7 million) decrease compared to the year 2018. The report identifies competitive price pressures in the stevia market as a main factor contributing to the company’s financial situation. GLG further states it will focus on its business endeavors in cannabidiol (CBD) and specialty stevia to make up for the losses it incurred last year.
