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The First Product Launched in Retailers by Future of Cheese Sells out in 48 Hours – Company Accelerates Plan for Increased Production
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
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.
Positive
Sold out initial production run of 'Future of Butter', indicating strong demand.
Plans to increase production ahead of schedule to meet anticipated demand.
Negative
None.
The Company’s distributor has sold out of the initial production run of the plant-based butter ‘Future of Butter’ and demand continues to increase as the Company accelerates its plans for increased production ahead of schedule!
TORONTO--(BUSINESS WIRE)--
Organic Garage Ltd. (TSXV: OG | OTCQX: OGGFF |FRA: 9CW1), one of Canada’s leading independent organic grocers and a developer of plant-based foods, is excited to announce that its company, Future of Cheese Inc. (“Future of Cheese” or the “Company”), has sold out the initial run of the Company’s line of butters to selected retailers in Ontario following its successful launch earlier this week.
“We are extremely happy with the response and feedback from our distributor and retail customers,” stated Jen Wojtaszek, President of Future of Cheese. “Following the incredibly fast sell-out of our first product, our production and culinary teams are currently underway to increase production both for the current products and ensuring there will be sufficient supply available upon launch of our next SKUs, to accommodate the current and anticipated demand.”
Brodflour, one of the first retailers to receive the products stated, “We were honoured to be a part of the Future of Cheese launch. We mill flour on site from organic and regenerative Canadian grains at our Urban Mill and Bakery in Toronto. At Brodflour, we know the importance of sustainability and the impact the food industry can have on the environment, and we strive to focus on organic/non-GMO, good-for-you ingredients. The partnership was a no-brainer for us - we love to support, and be supported by, innovative and environmentally conscious brands like Future of Cheese.”
The bakery, which produces its products in Ontario, Canada, added, “We also partnered with Future of Cheese to develop their own shortbread recipe using their Salted Cultured Butter. Our bakers were thrilled to see how it performed just like dairy-based butters we’ve used in the bakery. We are now proud to carry both the Salted and Unsalted Butter on our retail shelves, and to offer a fully plant-based version of one of our signature menu items, the Cultured Butter and Jam Slab. Our customers appreciate the shift toward a more plant-based menu and product offering, and we look forward to carrying more high-quality (and tasty) products from Future of Cheese soon.”
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.
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, neither Organic Garage assumes no obligation to publicly update or revise such statements to reflect new information, subsequent or otherwise.
What has Organic Garage announced about the Future of Butter on October 2023?
Organic Garage announced that its plant-based butter, 'Future of Butter', has sold out its initial production run in Ontario, and demand continues to rise.
What is the ticker symbol for Organic Garage on OTCQX?
The ticker symbol for Organic Garage on OTCQX is OGGFF.
How has the market responded to 'Future of Butter' from Organic Garage?
The market has responded positively, with the initial production run selling out rapidly and increased demand prompting the company to speed up production.
What can we expect from Organic Garage regarding future products?
Organic Garage plans to expand production to accommodate anticipated demand for both current and upcoming products.
