Proactive Investors - Run By Investors For Investors

LeanLife Health to benefit from Canada’s sweeping new food safety rules

CEO Stan Lis said the move would make it easier for LeanLife to export omega-3 products as liquids and powders to be used as food additives
Omega fatty acid oil
LeanLife earlier said it had hired external consultants to help to ensure that all of its omega-3 products meet relevant food safety requirements in Canada and the US

LeanLife Health Inc (CSE:LLP) CEO Stan Lis said Wednesday that a consolidation of Canada’s new food safety rules would “make it easier” for the company to export its omega-3 products as liquids and powders to be used as food additives to international markets.

Vancouver-based LeanLife has developed a patented process to isolate omega 3 fatty acids from flax (linen) seeds one of the richest plant sources of this essential fatty acid.

READ: LeanLife hires food safety consultants to help ensure omega-3 products meet food safety requirements

LeenLife omega products are in the form of an oil or a powder with purity in excess of 98%. The products are sold online or as a food additive to food processors making such items as bread, noodles and milk products.

The Canadian government has announced a new, comprehensive set of rules for Canada’s food inspection standards and licensing. The new rules, called the Safe Food for Canadians Regulations (SFCR), will go into effect on January 15, 2019. The move also gives companies the option to apply for licenses online.

They will replace the 14 sets of regulations that govern the food industry currently, including Dairy Products Regulations, Egg Regulations, Meat Inspection Regulations, and so on.

Export oriented

The new regulations will align Canada’s rules with international standards.

"In general, these consolidated regulations will make it easier for LeanLife Health to export. We therefore see this as a positive development for LeanLife to get its product to the United States, Europe or elsewhere," said LeanLife Health CEO Stan Lis.

The Canadian government is hoping the SFCR will help Canadian-made foods hit international shelves. If businesses import, export or send food across provincial or territorial borders, they will require a license, which officials say will help “demonstrate that their food safety controls meet their US importers” as the US is Canada’s biggest trading partner.

“LeanLife will benefit from the consolidation of these regulations and the new application method as it prepares to export its Omega-3 flaxseed oil product across Canada and around the world,” the company said in a statement.

LeanLife said it will benefit from an exemption from the United States Foreign Supplier Verification Program. “This Program places restrictions on US food importers accept where food products are intended for further manufacturing by a US processor,” said the company.

The long-lasting shelf life of the flaxseed oil produced by LeanLife's patented method makes it an ideal fortified food ingredient.

Studies have since shown that Omega-3 fatty acids keep nerve cells functioning at optimal speed.

 

Contact Uttara Choudhury at [email protected]

Follow her on Twitter@UttaraProactive 

View full LLP profile View Profile

LeanLife Health Timeline

Newswire
February 07 2019

Related Articles

Empty lab
September 19 2018
Management has made some tough decisions, cutting the cost base, since a disappointing first-half performance and expects the benefits to really kick in next year
parsortix
February 01 2019
The cancer detection device is on track to finish a key clinical study in the first quarter of 2019, but in the meantime, it has shown promise in detecting abnormalities in unborn children
test tubes
Tue
Summit Therapeutics' potential breakthrough targets C.difficile
Copyright © Proactiveinvestors.com, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use