Climate Change Data

Rapid Dose Therapeutics Corp.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

ESG Focus Areas

  • Environmental Responsibility
  • Social Responsibility
  • Governance

Environmental Achievements

  • Research into various packaging methods resulted in novel formats that encourage environmental responsibility.
  • Commitment to reducing overall waste and finding environmental solutions.
  • Reinforced the concept of a remote, flexible workplace to reduce carbon footprint.

Social Achievements

  • Fosters an environment of social responsibility promoting tolerance and acceptance.
  • Continued safe practices to reduce the impact of COVID-19 in the workplace.
  • Compliance with Ministry of Labour, Ontario regulations.

Governance Achievements

  • Compliance with NI 58-101: Disclosure of Corporate Governance Practices.
  • Board oversight of compensation, ensuring alignment with responsibilities and risks.
  • Ethical conduct monitoring and compliance with legal and regulatory requirements.

Climate Goals & Targets

Long-term Goals:
  • Become a significant player in the nutraceutical, pharmaceutical, and cannabis industries.
  • Widen access to health and wellness products across the world.
Medium-term Goals:
  • Achieve profitability and sustainable revenue streams.
  • Further penetrate the Canadian market through direct selling.
Short-term Goals:
  • Obtain necessary licenses and approvals for product distribution.

Environmental Challenges

  • Regulatory approval hurdles and delays for product applications in Europe, USA, and Canada.
  • Working capital deficiency and accumulated deficit limiting the ability to fund operations.
  • Global supply chain issues delaying product launches.
Mitigation Strategies
  • Proposed $5,000,000 private placement financing to provide working capital and unsecured debt repayments.
  • Leveraging technology with strategic partners to accelerate market access and cost control.
  • Exploring strategic relationships to mitigate marketing costs and enhance expertise.

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

  • QuickSips™ straws composed of all-natural, biodegradable, and compostable materials.