Abundant Produce Ltd (ASX:ABT) shares are up 26% today heading into the close, trading around 38.5 cents. The company develops agricultural intellectual property, creating superior seeds and now producing skin care products based on natural vegetable extracts. Earlier this month, the company entered into an International Supply Agreement with Jatenergy Ltd (ASX:JAT). Jatenergy provides an end-to-end export service provider offering a fast, cost-effective, one-stop solution for Australian companies seeking to launch and build their brands in China. Two divisions: Abundant Natural Health and Abundant Seeds Abundant Natural Health launched their first skincare product in April 2017, a daily face cream. Since then, a number of additional products have been released such as for eyes and lips and the company has six products in the market. The Abundant Seeds division breeds and sells high-quality seeds. The company had total revenues of $390,000 for the December 2017 half year. In collaboration with two leading universities The company collaborates with two of Australia's senior research institutions, the University of Sydney and UNSW. Abundant Produce takes advantage of new research to create high-value food crops and botanically active extracts for the cosmetic and nutraceutical industries along with seeds for the global agricultural industry.
