December 08, 2020
Blue Power Group Limited (BPOW) has advised that the Company has been notified by the relevant Government Ministries that COTED, an organ of CARICOM, has ruled that Jamaica (Trade Board) should not issue any Certificates of Origin for soaps manufactured under the current manufacturing process in Jamaica. Lack of a certificate of origin from Jamaica may require an importer in a CARICOM country to pay a tariff on imported Jamaican soap. BPOW has further advised that this ruling does not affect the Company’s sales within Jamaica and exports to non-CARICOM countries such as the USA and the UK.
Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed by that research analyst in this research report.
Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.