Oragin Foods Inc Stock Price, News & Analysis

GA Pizza's premium frozen pizzas are now available at Organic Garage stores across the Greater Toronto Area, enhancing their retail presence. This move follows GA Pizza's recent national distribution deal with UNFI Canada, aiming to expand its reach. Customers can choose from seven chef-designed options, all made with healthier ingredients and ready in seven minutes. This collaboration aligns both brands with a commitment to quality organic products.

Organic Garage Ltd. (OTCQX: OGGFF) announces the launch of its ecommerce store for Future of Cheese products across Canada by Q1 2023. The company aims to meet growing consumer demand after positive retail responses for its plant-based offerings, including the acclaimed Ripened Brie. Online grocery sales in the U.S. neared $100 billion in 2021, with over 70% of households shopping online. This move will enhance customer engagement through educational content, catering to the increasing shift towards online grocery shopping.

Organic Garage reports a successful 2021, underlining key achievements including the acquisition of the Future of Cheese, listing on the OTCQX, and a shift to a decentralized distribution model, saving over $1 million annually. They expanded their product offerings through partnerships, notably with Instacart, enhancing market accessibility. The launch of new Future of Cheese products was well-received, with plans for further SKU introductions in 2022. Leadership growth and new store initiatives position the company favorably for future expansion in Ontario.

Organic Garage Ltd. (TSXV: OG, OTCQX: OGGFF) reported its Q3 financial results for the quarter ended October 31, 2021. Key highlights include a gross profit margin increase from 30.4% to 31.3%, a net loss of $814,550 compared to $117,801 loss in Q3 2020, and a decrease in sales from $6.9 million to $5.9 million, attributed to lower Covid-19 overstocking impacts. The company reported a cash balance rise to $2.1 million and achieved administrative cost savings of 10% through improved efficiencies. Additionally, it generated $361,350 from warrant exercises, increasing cash reserves for growth.

Organic Garage Ltd. has announced the launch of a new truffle-infused cultured plant-based butter under its Future of Cheese Inc. brand, which was launched successfully in October. This new product, made with organic black summer truffles and all-natural ingredients, is priced at $18.99. The launch is timed to meet the holiday shopping demand, indicating a strategic market entry. According to the company's co-founder, there is a rising consumer demand for truffle-infused products, positioning the new butter as a premium offering for holiday cooking and entertaining.

Organic Garage Ltd. (OTCQX: OGGFF) announces the successful launch of its plant-based products by Future of Cheese in Ontario's food service sector. The company is witnessing rapid adoption of its plant-based butters and brie by various restaurants, exceeding expectations. Notable establishments like Piano Piano and Gia have incorporated these products into their menus. Chefs commend the quality and flavor profiles, indicating strong industry demand for dairy alternatives. This reflects a notable milestone in expanding the company’s market reach and growth in the plant-based segment.

Organic Garage Ltd. (OTCQX: OGGFF) announced the successful launch of its plant-based brie, fulfilling all initial retailer orders and selling out its first production run. This positive retail response has led to increased production in anticipation of the holiday season. The company's plant-based products have gained significant brand awareness, bolstered by new partnerships with retailers and potential foodservice collaborations. Future of Cheese, the company's plant-based food division, aims to disrupt the dairy alternative market through innovative manufacturing and marketing strategies.

Organic Garage Ltd. (TSXV:OG, OTCQX:OGGFF, FRA:9CW1), a prominent organic grocer in Canada, will present at the SNN Network Canada Virtual Event from December 7-9, 2021. CEO Matt Lurie will outline the company's retail expansion and the distribution strategy for its plant-based foods brand, Future of Cheese, which recently launched innovative dairy alternatives. The live event allows investor questions, with an archived webcast available post-event. For more details on participation, visit the registration link.

Organic Garage Ltd. has announced the issuance of 156,594 common shares to settle $71,250 of accrued interest from convertible debentures issued on October 25, 2019. The shares will be issued at a conversion price of $0.455 each, subject to TSX Venture Exchange approval, and will have a four-month hold period. The company continues to focus on expanding its retail presence in the Greater Toronto Area, emphasizing its commitment to offering affordable organic products.