VEJI HLDGS LTD - VEJIF STOCK NEWS

Vejii Holdings Ltd. has officially changed its corporate name to Veji Holdings Ltd. as part of a rebranding initiative, effective August 26, 2022. The trading symbol will remain as VEJI. This change will not require any action from shareholders. Based in Kelowna, B.C., Veji is an online marketplace for plant-based products, leveraging AI to connect brands with consumers. The company also includes the US-based Vegan Essentials and VEDGEco, a distributor for plant-based foodservice, broadening its market presence and offerings.

Vejii Holdings (CSE:VEJI, OTC:VEJIF) has initiated a Strategic Review Process to evaluate alternatives due to current market conditions and cash needs. The management aims to identify options that maximize shareholder value, including potential equity or debt investments and sale of substantial assets. Additionally, Vejii plans to consolidate its B2C operations under VeganEssentials.com, ceasing operations at ShopVejii.com. However, there is no guarantee that the review will result in any transactions.

Vejii Holdings Ltd. (CSE: VEJI, OTC: VEJIF) reported significant growth in Q1 2022, achieving total revenue of $1,547,795, a 541% increase from $241,305 in Q1 2021. The gross margin improved to 38% from 11%, representing a 242% increase. The company focused on integrating its acquisitions, Vegan Essentials and VEDGEco, expecting full synergies by Q3 2022. Despite a net loss of $2,488,276, the customer acquisition cost decreased 78% to $20.66, and return on ad spend surged 1,217% to 14.93x.

Vejii Holdings Ltd. (CSE: VEJI, OTC: VEJIF) announced on March 16, 2022, that it has achieved DTC Eligibility for its common shares, facilitating electronic clearing and settlement in the U.S. This status is anticipated to enhance the liquidity and trading accessibility of its shares on the OTCQB Venture Market. CEO Kory Zelickson emphasized this milestone as a way to boost market awareness and simplify trading processes. Vejii operates a digital marketplace for plant-based products, contributing to its growing presence in the U.S. market.

Vejii Holdings Ltd. (CSE: VEJI) (OTC: VEJIF) has entered a consignment agreement with Unreal Deli, allowing the plant-based deli producer to utilize Vejii Fulfillment Services for inventory management. This partnership enhances D2C capabilities and maintains a strong market presence in the plant-based segment. Vejii expresses optimism over expanding service offerings, including logistics solutions to streamline cold-chain distribution. Unreal Deli, recognized for its premium products, has rapidly gained traction across major retailers.

Vejii Holdings Ltd. (CSE: VEJI, OTC: VEJIF) has partnered with Blender Bites Ltd. to enhance its fulfillment services in Canada. The collaboration allows Blender Bites' award-winning, organic frozen food products to be sold alongside Vejii's offerings via the Vejii Fulfillment Services (VFS) platform. VFS specializes in cold-chain logistics and has seen over 40% of its brand partners join since its launch. This partnership aims to strengthen Vejii's market presence while providing consumers with convenient access to high-quality plant-based products.

Vejii Holdings Ltd. (CSE: VEJI) (OTC: VEJIF) announced that its subsidiary, VEDGEco USA Inc., will exhibit at the Natural Products Expo West in Anaheim, California, from March 9-12, aiming to enhance its B2B platform that caters to independent restaurants and grocers. VEDGEco provides hassle-free access to high-quality plant-based products without the financial constraints typical of national distributors. This event is pivotal for the company, allowing it to expand its clientele and product offerings in a rapidly growing market.

Vejii Holdings Ltd. (CSE: VEJI, OTC: VEJIF) reported record unaudited consolidated revenues of approximately $513K for January 2022, marking a 1,158% increase compared to the same month last year. The company has expanded its marketplace to over 3,500 products from 500 brands since launching commercial sales in November 2020. In January, it achieved a 37% gross margin, emphasizing the synergies from its recent acquisitions. Leadership expressed confidence in continued growth through enhanced brand partnerships and fulfillment services.

Vejii Holdings Ltd. (CSE: VEJI) (OTCQB: VEJIF) announced the launch of Planet Based Foods' hemp-protein products, including HEMP Burger, HEMP Crumble, and HEMP Sausage Patty, into its US digital marketplace. This collaboration aims to enhance the visibility of Planet Based Foods' vegan options among Vejii's 200,000+ social media followers and existing infrastructure. Vejii positions hemp-based protein products as a growing market segment, aligning with its mission to promote sustainable living through healthy, plant-based offerings.