VANCOUVER – Global Gardens Group Inc. (the "Company") (TSXV: VGM) is pleased to announce that distribution of its non-dairy plant-based milk product Veggemo will reach 3000+ stores across the U.S.
"To-date Veggemo is available in 2,300+ retail stores, with customer commitments that will grow this to over 3,000 stores shortly," states Frank Hood, VP U.S. Business Development. Mr. Hood further added, "Customers and consumers continually provide great feedback to Veggemo's taste, creamy texture and its healthy nutritional profile." Veggemo's in-store distribution includes natural food operators like Fresh Thyme, Earth Fare, Whole Foods (regional), Mothers, Akins/Chamberlins and Richards. Additionally, Veggemo is available at key conventional retailers with a strong natural focus like Wegmans, Stop & Shop, Giant, Safeway, ACME, Shaw's, Jewel, Woodman's, Festival, Coborn's, Haggen's, Lassens, Fairway, Market Street and Roche Bros.
On the Distributor side, Mr. Hood commented, "We continue to promote with our partners at UNFI, KeHE and Market Centre to reach their independent operators, leveraging their various communication platforms and trade shows. We have also received excellent response from attendees at Natural Products Expo East and West shows."
Anxious to meet the demand of every consumer, Veggemo is also available on important e-commerce platforms like Vitacost, Lucky Vitamin and Amazon.
The Veggemo product line is the non-dairy milk originating from vegetables and is Global Garden Group's (VGM) showcase product for the dairy-free industry. Veggemo is available in a non-refrigerated shelf stable format in 3 flavors: Original, Unsweetened and Vanilla. Veggemo competes with Silk (Whitewave), Almond Breeze (Blue Diamond), Hain Celestial, Pacific Foods, Ripple Foods, Califia Farms, amongst others. The dairy-free industry continues to witness dynamic growth led by the development of, and the consumer shift to, plant-based food and beverages.
Driven by shifting consumer behavior, Health & Wellness food and beverage companies have become a popular acquisition target for many multi-national corporations. Most recently WhiteWave Foods, the provider of plant-based foods and beverages, was successfully sold to Danone for $12.5 billion, representing a 3.1x revenue multiple.
About Global Gardens Group
Global Gardens Group is comprised of a highly experienced management team and board that have provided senior leadership to many consumer brands and financial institutions including: Neilson Dairy, Ben & Jerry's and Haagen Dazs ice cream, Gillette, P&G, Cadbury Schweppes, Sunkist, Primo Pasta, Tropicana, Sunny Delight, Price Waterhouse Coopers, Desjardins Securities Inc., Orion Securities Inc., Vengate Capital, HSBS Securities Inc. and Gordon Capital.
Source: Global Gardens Group