Veggemo Now Sold in 125 Shop Rite
Locations
VANCOUVER, April 23, 2018 /CNW/ - GLOBAL GARDENS
GROUP INC. (THE "COMPANY") (TSXV: VGM) is pleased to announce
in-store distribution continues to grow in the U.S. market for
Veggemo, its non-dairy veggie-based milk product. Veggemo is
now arriving in approximately 125 Shop Rite stores that are focused
on natural and organic products. "Shop Rite is the number one
retailer in the New Jersey
market", commented Frank Hood, VP
U.S. Business Development. Mr. Hood added, "this solidifies
Veggemo's distribution in the Northeast. Veggemo is now
widely available in every major city in the highly populated
Northeast corridor, a critical hub of natural product
consumers."
In addition to Shop Rite, Veggemo is available in a multitude of
major traditional grocery retailers including Wegmans, Stop &
Shop, Giant, Shaw's, Safeway and Jewel. Additionally, Veggemo
can be found in leading natural food retailers like Whole Foods
(Mid Atlantic), Earth Fare, Fresh Thyme, Mothers, Lassens, Market
of Choice, Heinen's and Fairway. Mr. Hood continues, "we have
a stream of promotions running through each retailer to drive
product awareness and trial."
Consumers across the U.S. also can order Veggemo through popular
e-commerce platforms like Amazon, Vitacost and Lucky Vitamin.
About Veggemo
The Veggemo product line is the non-dairy milk originating from
vegetables and is Global Gardens 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,
HSBC Securities Inc. and Gordon Capital.
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SOURCE Global Gardens Group Inc.
