Arran Stephens, co-founder of Nature's Path, describes resolving equipment failures with the supplier who built their first factory production line.
0:00 / 0:11exact quote · 11.4s
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“Well, actually, we threatened to sue him, and rather than face a lawsuit, he came up and settled out of court and reimbursed us the entire cost of the equipment.”
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More from Arran Stephens
AssertionNot checkable as stated
Nature's Path faked its factory launch using competitors' cornflakes
“We did not turn the factory on. We invited everybody there, and we went out and bought the big, giant competitors' cornflakes, and we sprinkled them on the conveyor belt.”
Arran StephensMay 23, 2022▶ 47:47Nature’s Path: Arran and Ratana Stephens
AssertionPartly supported
Grocery Council of Canada threatened to boycott Nature's Path over non-GMO labels
“When we said contains no GMOs, We were approached by the Grocery Council of Canada and said, we're going to boycott you unless you take this off your bags.”
Arran StephensMay 23, 2022▶ 56:21Nature’s Path: Arran and Ratana Stephens
AssertionNot checkable as stated
Arran Stephens: Lifestream reached about $12 million in annual sales
“No, it was about twelve million.”
Arran StephensMay 23, 2022▶ 26:51Nature’s Path: Arran and Ratana Stephens
AssertionNot checkable as stated
Arran Stephens sold his $12M business Lifestream for under $2 million
“No, no, we sold it for less than two million.”
Arran StephensMay 23, 2022▶ 31:08Nature’s Path: Arran and Ratana Stephens
AssertionSupported
Arran Stephens helped develop the official USDA organic rule
“I was involved in the development of the USDA organic rule when I served on the Organic Trade Association.”
Arran StephensMay 23, 2022▶ 42:28Nature’s Path: Arran and Ratana Stephens
AssertionNot checkable as stated
Nature's Path averaged one buyout approach per week from major firms
“We were getting an average of one a week.”
Arran StephensMay 23, 2022▶ 1:11:02Nature’s Path: Arran and Ratana Stephens
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