VANCOUVER, British Columbia — Global Gardens Group Inc. (The “Company”) (TSXV: VGM) is pleased to announce that the company projects its year-to-date sales revenue to have increased approximately 110% vs prior year. Full and final second quarter and year-to-date results will be reported in late May.
“Our growth continues to progress quarter after quarter” said Rob Harrison President and CEO, Global Gardens Group Inc. “Demand for Veggemo continues to grow. This growth has been fuelled by customer demand and increased brand awareness. We have invested into three critical marketing platforms to reach targeted consumers where they are. This includes investment into social and digital media, targeted sampling and at key consumer and industry trade shows in the U.S., Canada and China.”
Mr. Harrison also emphasised that these estimated sales numbers represent the Veggemo shelf stable products sold in retail stores and through various e-commerce platforms only and this segment is approximately 20% of the overall non-dairy beverage category volume. The refrigerated product segment sold in the dairy cases of grocery stores represents about 80% of category volume and Global Gardens Group is targeting its Veggemo launch in this segment in early 2019.
Today Veggemo can be found in approximately 5000 retail outlets.
The Veggemo product line is the non-dairy milk originating from vegetables and is Global Gardens Group’s (VGM) showcase product for the dairy-free industry. Veggemo is available in a non-refrigerated shelf stable format in 3 flavors: Original, Unsweetened and Vanilla. Veggemo competes with Silk (Whitewave), Almond Breeze (Blue Diamond), Hain Celestial, Pacific Foods, Ripple Foods, Califia Farms, amongst others. The dairy-free industry continues to witness dynamic growth led by the development of, and the consumer shift to, plant-based food and beverages.
About Global Gardens Group
Global Gardens Group is comprised of a highly experienced management team and board that have provided senior leadership to many consumer brands and financial institutions including: Neilson Dairy, Ben & Jerry’s and Haagen Dazs ice cream, Gillette, P&G, Cadbury Schweppes, Sunkist, Primo Pasta, Tropicana, Sunny Delight, Price Waterhouse Coopers, Desjardins Securities Inc., Orion Securities Inc., Vengate Capital, HSBC Securities Inc. and Gordon Capital.