We recently sat down with Rick Mills of Ahead of the Herd to discuss how he believed a perfect storm was forming for commodities. While his stock picks and thoughts on the market's future movements were compelling, a private company made its way into our conversation: Evanesce.
Evanesce is a technology company currently in the weeds creating an environmentally friendly alternative to single-use plastic. This technology is 100% compostable and plan-based, and has a competitive cost against other ecological options.
According to this overview from Mills, "The company has taken a unique approach of positioning itself as a leading solution provider to the alternative packaging industry, targeting the single-use plastics (SUP) market that is worth some US$980 billion per year."
Mills noted that he has previously participated in private placements with Evanesce, because not only does he believe in the company, but he has his heart in its mission as well.