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Ceapro Inc. has signed a loan agreement with its major partner, Symrise.
"This significant financial support from Symrise fully provides Ceapro with the required capital to complete the construction and implementation of the state of the art facility in Edmonton," said Gilles Gagnon, president and CEO of Ceapro. "This loan from Symrise follows the signing earlier this year of a long-term distribution Agreement between Symrise and Ceapro."
"This agreement is further evidence of the long-term partnership between Ceapro and Symrise and we look forward to the next steps in joining forces and competencies for the development of new products and new markets," said Klaus Stanzl, president and CEO, life essentials division, Symrise Ag.