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Organic Garage's subsidiary, Future of Cheese, has signed a manufacturing agreement with Ontario's Flamaglo Foods to enhance production capabilities in the expanding plant-based cheese market. The global market was valued at approximately USD 1.01 billion in 2019 and is expected to grow at over 12.8% annually. Organic Garage reported $24 million in sales last year, targeting health-conscious consumers. This partnership is essential for scaling production and aligns with the company's strategy to expand its geographic presence and product offerings.
Organic Garage Ltd. (TSXV: OG, OTCQX: OGGFF) has announced a significant commercial manufacturing agreement with Flamaglo Foods Ltd. for its newly acquired plant-based food company, Future of Cheese Inc. This partnership aims to leverage Flamaglo's expertise in the plant-based sector, enhancing the production quality of Future of Cheese products. The agreement emphasizes strict quality controls throughout the manufacturing process, including proprietary recipes and batch testing. This milestone positions Future of Cheese to enter the rapidly growing plant-based consumer market with confidence.
Organic Garage Ltd. has announced that its common shares are now eligible for electronic clearing and settlement through the Depository Trust Company (DTC) in the U.S. This milestone allows for easier purchasing through online brokers, enhancing liquidity and attracting new investors. According to CEO Matt Lurie, this development simplifies the investment process and broadens the investor base. Organic Garage, one of Canada's top independent organic grocers, continues to expand its retail presence, focusing on affordability and customer experience.
Organic Garage Ltd. (OTCQX: OGGFF) has transitioned to a fully decentralized distribution model, finalizing the closing of its centralized distribution facility. This strategic shift is anticipated to save over $1 million annually while enhancing gross margins through better distributor pricing. The company aims to increase operational flexibility and simplify operations, allowing for potential expansion beyond the Greater Toronto Area. CEO Matt Lurie highlighted the successful pivot amidst rising sales, emphasizing the strength of their distributor relationships.
Organic Garage has announced an expansion of its Hand-Picked Partner program, following the success of a trial at its Liberty Village store. The program will now include Cali-Rolls sushi at the Junction location and Tori’s Bakeshop products across all four stores. Tori’s Bakeshop will offer fresh vegan baked goods three days a week, responding to strong demand. CEO Matt Lurie expressed excitement about enhancing customer experience with new vendors. Organic Garage, based in Toronto, aims to expand its selection of natural products.
Organic Garage Ltd. (OGGFF) will transition to the OTCQX Best Market effective March 31, 2021. This upgrade enables increased transparency for U.S. investors, allowing the Company to maintain its home market reporting while adhering to strict financial standards and corporate governance. The President and CEO, Matt Lurie, emphasized that this move will enhance share liquidity and broaden market awareness of their products. This development is expected to attract a larger U.S. investor base and support the Company’s growth trajectory.
Organic Garage Ltd., a leading independent organic grocer in Canada, has upgraded to trade on the OTCQX Best Market under the symbol OGGFF. This move from the Pink market to OTCQX aims to enhance transparency and accessibility for U.S. investors. Trading begins today, and the upgrade signifies compliance with high financial standards and corporate governance. CEO Matt Lurie expressed that this transition will improve liquidity and broaden the investor base, positioning Organic Garage for continued growth.