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Oragin Foods Inc. (OGGFF) is a leading food company specializing in organic and natural products. They are committed to providing high-quality, nutritious food options to consumers worldwide. With a focus on sustainability and ethical sourcing, Oragin Foods has seen significant growth in recent years. Their diverse product line includes snacks, beverages, and pantry staples, all made with the finest ingredients. In addition to their retail offerings, Oragin Foods also partners with restaurants and food service providers to bring their products to a wider audience. The company's strong financial position and strategic partnerships position them for continued success in the food industry.
Organic Garage Ltd. has announced a major expansion initiative, partnering with Savills Real Estate to identify new retail locations in the Ontario market. This plan marks the company’s most ambitious growth effort to date. Target areas include Toronto, Mississauga, Brampton, and Hamilton, with sites needing to meet specific size and operational criteria. CEO Matt Lurie expressed confidence in Savills' expertise to drive this strategy, highlighting the increased demand for organic and specialty foods during the pandemic.
Organic Garage Ltd. (OTCQX: OGGFF) has unveiled a new brand identity for its subsidiary, Future of Cheese, focusing on innovation in the plant-based dairy sector. The updated branding is now reflected across various platforms, including packaging for its Future of Butter line. This initiative aims to highlight the company’s commitment to healthy, ethical, and all-natural food options. Future of Cheese is poised to disrupt the growing plant-based dairy market under the guidance of leading cheese makers and culinary experts.
Organic Garage Ltd. has announced the successful launch of its plant-based butter, 'Future of Butter,' which has completely sold out in its initial production run. Retailers in Ontario report strong demand, prompting the company to expedite production plans. Jen Wojtaszek, President of Future of Cheese, expressed satisfaction with customer feedback and is preparing for future product launches. The partnership with retailers emphasizes the shift towards sustainable, plant-based options amid increasing consumer interest.
Organic Garage, a leading independent organic grocer in Canada, has successfully launched its plant-based butter line, 'Future of Butter', across selected retailers in Ontario, including all Organic Garage stores. The product aims to appeal to all dietary preferences and is positioned as a sustainable alternative to conventional dairy butter. The company reports significant order interest from its Canadian distributor, indicating strong market demand. The global vegan butter market is expected to grow to $1.77 billion by 2026, driven by health and environmental concerns.
Organic Garage Ltd. (TSXV: OG, OTCQB: OGGFF) has successfully filed a final short form base shelf prospectus with Canadian securities commissions, allowing the issuance of up to CAD $10 million in securities over 25 months. The company aims to enhance financial flexibility and access to capital markets for growth initiatives, though it has no immediate offering plans. Additionally, the firm announced a grant of stock options totaling 1,050,000 shares to its officers and employees, with a total of 5,735,000 options now outstanding, subject to TSX Venture Exchange approval.
Organic Garage Ltd. (TSXV: OG, OTCQB: OGGFF) announced updates following a review by the Ontario Securities Commission (OSC) regarding its Q1 Filings. The company added essential disclosures to its Q2 filings for the three months ending July 31, 2021, including details on the acquisition of The Future of Cheese Company and compliance with IAS 34. Enhanced discussions on COVID-19's impact and liquidity were also included. These updates lead to the company's listing on the OSC’s public list for refilings and errors.
Organic Garage Ltd. (TSXV: OG, OTCQX: OGGFF) reported its Q2 financial results for the quarter ending
- Working capital increased to
$1.9 million from-0.3 million year-over-year. - Cash balance rose to
$2.5 million . - Gross profit improved by 2.5% to
$2.25 million . - Sales fell to
$6.8 million from$8.1 million . - Adjusted net loss decreased significantly to
$70,134 .
The company also highlighted savings from its transition to a decentralized distribution model and effective cost management.
Organic Garage Ltd. (TSXV: OG, OTCQX: OGGFF) has filed a preliminary short form base shelf prospectus, allowing it to raise up to CAD 15 million over the next 25 months. This move is aimed at bolstering financial flexibility and access to Canadian capital markets, though there are currently no immediate plans for an offering. The securities can include common shares, warrants, and subscription receipts with terms determined by market conditions at the time of sale. The Shelf Prospectus seeks to support the company's growth initiatives without current intentions of undertaking an offering.
Organic Garage Ltd. (TSXV:OG, OTCQX:OGGFF) has announced the issuance of 206,522 common shares to settle interest payments of $71,250 accrued from May 1, 2021, to July 31, 2021, in relation to convertible debentures issued on October 25, 2019. The shares will be issued at a conversion price of $0.345 per share, subject to TSXV approval, and will have a four-month hold period. The company continues to focus on expanding its retail presence in the Greater Toronto Area, providing a selection of organic products at affordable prices.
Organic Garage has announced its annual general and special meeting scheduled for July 28, 2021, at 3:30 p.m. EST, which will be held via telephone. This decision comes amid ongoing COVID-19 concerns, prioritizing health and safety for shareholders and stakeholders. Details, including voting items, can be found in the Notice of Meeting and management information circular filed on SEDAR on June 25, 2021. Shareholders can join the call at 1 (888) 892-3255 by the meeting time.
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