An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Future of Cheese Expands Distribution to New Retailers, Food Services and Restaurants; Enters Discussions With Additional Distributors to Support National Roll-Out
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
Organic Garage Ltd. (OTCQX: OGGFF) reports significant retailer adoption of its plant-based butter line, 'Future of Butter.' The company anticipates distribution to over 50 retailers by year-end and has begun discussions with additional distributors due to high demand. With sufficient capital to meet production needs, Organic Garage aims to align production closely with retailer demand, ensuring no waste. The product has already sold out at its initial launch in Ontario, showcasing its strong market response and setting the stage for future product expansions.
Positive
Rapid retailer adoption of 'Future of Butter' with estimates of over 50 retailers by year-end.
Strong demand leading to 100% of production already accounted for by orders.
Sufficient capital to meet and exceed production demand.
Successful initial launch in Ontario with sold-out products.
Negative
None.
Company reports rapid retailer adoption of its initial line of plant-based butters “Future of Butter”
Estimates distribution to more than 50 select retailers before the end of the year
Discussions underway with additional distributors driven by retail demand
Company has sufficient capital to meet and exceed production demand requirements
TORONTO--(BUSINESS WIRE)--
Organic Garage Ltd. (TSXV: OG | OTCQX: OGGFF | FRA: 9CW1), one of Canada’s leading independent organic grocers, is pleased to announce that its plant-based food company, Future of Cheese Inc. (“Future of Cheese” or the “Company”), continues to report increasing demand for its initial product, the plant-based “Future of Butter”, and the Company’s distributor has stated that the orders from existing and new retailers, as well as interested restaurant and food service partners, will account for 100% of all product the Company will produce going into the new year.
“The incredible response and rapid adoption by retailers seeking to secure orders of the first SKU from Future of Cheese in such a short period of time has been exceptional and is a testament to the product and the world-class team behind it. We are doing an excellent job of matching production to retailer demand and ensuring that we are selling out of each batch produced, thus not over-producing and leading to unnecessary waste,” stated Matt Lurie, President and CEO of Organic Garage Ltd. “The adoption of a brand’s first SKU is typically an uphill battle, but clearly the demand for a plant-based product crafted by Afrim Pristine and Craig Harding has proven the opposite, and the positive retailer and consumer response we’re seeing proves it!”
The Company has initially launched the products in Canada’s largest consumer market, Ontario, and its distributor, Cheese Boutique, has in a short time already once sold out of product and expects this to continue as it carefully manages the retailer roll-out. In order to efficiently scale up for wider distribution the Company has entered into discussions with additional distributors to begin properly planning national expansion as the Company sets sights on launching its next line of products as planned.
The Future of Cheese, a subsidiary of Organic Garage, is a Canadian plant-based cheese innovator and manufacturer led by one of the world's best and recognized cheese makers, along with one of Canada's top chefs, and supported by a team of science minds and sustainability experts. Utilizing unique aging and manufacturing processes, a well-established distribution network and high-profile marketing channels, the Company is set to disrupt the rapidly growing plant-based dairy alternatives market, paving the way for the future of plant-based dairy alternatives! For more information please visit the Future of Cheese website at www.futureofcheese.com
Organic Garage (TSXV: OG | OTCQX: OGGFF | FRA: 9CW1) is one of Canada’s leading independent organic grocers and is committed to offering its customers a wide selection of healthy and natural products at everyday affordable prices. The Company’s stores are in prime retail locations designed to give customers an inclusive, unique and value-focused grocery shopping experience. Founded in 2005 by a fourth-generation grocer, Organic Garage is headquartered in Toronto. The Company is focused on continuing to expand its retail footprint within the Greater Toronto Area. For more information please visit the Organic Garage website at www.organicgarage.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as "forward-looking statements") within the meaning of applicable Canadian securities laws. All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "achieve", "could", "believe", "plan", "intend", "objective", "continuous", "ongoing", "estimate", "outlook", "expect", "may", "will", "project", "should" or similar words, including negatives thereof, suggesting future outcomes.
Forward looking statements are subject to both known and unknown risks, uncertainties and other factors, many of which are beyond the control of Organic Garage, that may cause the actual results, level of activity, performance or achievements of Organic Garage to be materially different from those expressed or implied by such forward looking statements. Although Organic Garage has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.
Forward-looking statements are not a guarantee of future performance and involve a number of risks and uncertainties, some of which are described herein. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Organic Garage's actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Any forward-looking statements are made as of the date hereof and, except as required by law, Organic Garage assumes no obligation to publicly update or revise such statements to reflect new information, subsequent or otherwise.
What is the latest update from Organic Garage Ltd. regarding its plant-based butter OGGFF?
Organic Garage reports rapid retailer adoption of its plant-based butter line, 'Future of Butter,' with distribution to over 50 retailers expected before year-end.
How many retailers are expected to carry Organic Garage's 'Future of Butter' by the end of the year?
The company estimates distribution to more than 50 select retailers before the end of the year.
Does Organic Garage Ltd. have plans for national expansion of its plant-based products?
Yes, discussions are underway with additional distributors to facilitate national expansion of Organic Garage's plant-based products.
How is the demand for 'Future of Butter' impacting Organic Garage's production?
Demand has accounted for 100% of the production, with no overproduction leading to waste, ensuring efficient scaling.
