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Future of Cheese Prepares to Launch Ecommerce Retail Store in Q1
Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Neutral)
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Rhea-AI Summary
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.
Positive
Launch of ecommerce store for Future of Cheese products expected in Q1 2023.
Strong initial consumer demand and positive reviews for plant-based products.
Online grocery sales are expanding, with U.S. market nearing $100 billion.
Negative
None.
Following the successful launch of the Company’s initial line of products in brick-and-mortar locations, the Future of Cheese is launching its own ecommerce store to service consumer demand nationwide and to capitalize on the online grocery delivery market
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”), is preparing to launch its own ecommerce store within the first quarter of this year, where its complete line of dairy alternative products will be offered for sale across Canada. The Company’s recent plant-based product launches in physical retail locations were met with tremendous demand and positive reviews from consumers, critics, chefs and the media; Future of Cheese’s Ripened Brie was named the “World’s most realistic vegan brie” by US-based VegNews.
“Since our launch, we have been inundated with requests for orders from customers across Canada and the US, asking if they can buy direct,” stated Jen Wojtaszek, President of Future of Cheese. “The plant-based food trend combined with the necessity of online grocery shopping has accelerated our plans to launch our ecommerce retail platform in order to meet the growing demand from the click-to-table digital shopper.”
With online grocery sales in the U.S.topping nearly $100 Billion USD in 2021, and over 70% of households having placed at least one online grocery order during the year1, the Company strongly believes that accelerating the plans to roll out its online shopping platform will quickly expand its reach to new customers and add direct-to-consumer sales. The Company also plans to highly curate the shopping experience, providing customers with a detailed walk-through of each product from its nutritional values to the unique processes used to produce each item, something that is challenging to do through traditional retail.
“We want the customer to be educated and inspired when they choose to purchase our products, the same way I visit a table in my restaurants to personally walk a diner through the process of creating the food that they will experience, and leave them with the satisfaction that we care deeply about the food and products we are providing,” stated Craig Harding, Co-Founder and Culinary Director of Future of Cheese.
About Future of Cheese
The Future of Cheese Inc 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.
About Organic Garage Ltd. 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.
Cautionary Note Regarding Forward-looking Statements
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.
When will Organic Garage launch its ecommerce store for Future of Cheese products?
The ecommerce store for Future of Cheese products is expected to launch in the first quarter of 2023.
What is the significance of the Ripened Brie product for Organic Garage?
The Ripened Brie has received significant acclaim, being named the 'World’s most realistic vegan brie' by VegNews.
How does the online grocery sales trend affect Organic Garage's strategy?
With U.S. online grocery sales hitting nearly $100 billion, Organic Garage aims to capitalize on this trend by launching their ecommerce platform to expand customer reach.
What has been the consumer response to Future of Cheese products?
Future of Cheese products have seen tremendous demand and positive reviews from consumers and critics alike.
What is the expected benefit of the ecommerce platform for Future of Cheese?
The ecommerce platform is expected to enhance customer engagement and facilitate direct-to-consumer sales, meeting increasing online shopping demand.
