TORONTO, July 19, 2021 /CNW/ - GreenSpace Brands Inc.
("GreenSpace" or the "Company") (TSXV: JTR), a leader within the
organic and plant-based food industry, announces its plans to
accelerate growth within the e-commerce channel including
brand-owned sites and leading e-commerce platforms.
The Company launched its direct-to-consumer e-commerce channel
for the LOVE CHILD ORGANICS brand in late 2020
(www.lovechildorganics.com). Since launch, this channel has
been posting month-over-month growth, achieving its highest-ever
monthly sales in June 2021.
Sales in the channel and average order sizes are increasing
with the channel being margin-accretive to the business. LOVE
CHILD ORGANICS has also expanded its presence on other prominent
e-commerce retailer platforms in Canada.
The Company's CENTRAL ROAST nuts, seeds, popcorn and snack mix
brand is celebrating its 10-year anniversary by launching its own
direct-to-consumer e-commerce channel (www.centralroast.ca).
The brand is offering a 10% promotional discount across the entire
online store in celebration of the CENTRAL ROAST 10-year
anniversary.
In addition, the Company has recently partnered with Beekeeper
Marketing, a digital agency specializing in Amazon channel
acceleration. Beekeeper Marketing has worked with top consumer
brands within North America to
effectively drive growth within this important channel.
"We are excited to be boosting our capabilities in the important
e-commerce channel and we look forward to accelerating our
e-commerce impact across our brands," says Shawn Warren, President and CEO of GreenSpace
Brands Inc. "Consumer shopping behaviours have changed, and
we are positioning our brands to better meet changing consumer
preferences. Not only is e-commerce proving to be a
meaningful growth channel for expanding our business in
Canada, it enables our Company to
expand internationally and gain geographic reach and revenue
synergies across the portfolio over time."
ABOUT GREENSPACE BRANDS INC.:
GreenSpace is a North American organic and plant-based food
business that develops, markets and sells premium food products to
consumers within the fast-growing natural and organic food
categories. GreenSpace owns LOVE CHILD ORGANICS, a producer of 100%
organic food for infants and toddlers made with natural and
nutritionally-rich ingredients, CENTRAL ROAST, a clean snacking
brand featuring a wide assortment of organic nut and seed mixes and
GO VEGGIE, one of the pioneers and leaders in the US plant-based
dairy market. All brands are wholly-owned and are sold in a
variety of online, natural and retail grocery locations.
For more information, visit www.greenspacebrands.ca and
GreenSpace's filings are also available at
www.SEDAR.com.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
INFORMATION:
This news release may contain forward-looking statements or
"forward-looking information" within the meaning of applicable
Canadian securities laws ("forward-looking statements"). Often, but
not always, forward-looking statements can be identified by the use
of words such as "plans", "expects" or "does not expect", "is
expected", "estimates", "forecasts", "intends", "anticipates" or
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variation of such words and phrases or state that certain actions,
events or results "may", "could", "would", "might" or "will" be
taken, occur or be achieved.
Forward-looking statements are necessarily based upon a number
of estimates and assumptions that, while considered reasonable, are
subject to known and unknown risks and uncertainties, All of the
Company's forward-looking statements are qualified by the
assumptions that are stated or inherent in such forward-looking
statements, including the assumptions listed below. Although the
Company believes that these assumptions are reasonable, certain
factors are beyond the control of the Company, including, but not
limited to, the failure of third parties to comply with their
obligations to the Company or its affiliates; the impact of new and
changes to, or application of, current laws and regulations;
critical accounting estimates and changes to accounting standards,
policies, and methods used by the Company; the occurrence of
natural and unnatural catastrophic events and claims resulting from
such events; and risks related to COVID-19 including various
recommendations, orders and measures of governmental authorities to
try to limit the pandemic, including travel restrictions, border
closures, nonessential business closures, quarantines,
self-isolations, shelters-in-place and social distancing; and other
factors which may cause the actual results and future events to
differ materially from those expressed or implied by such
forward-looking statements, including the risks identified in the
Company's disclosure documents. There can be no assurance that such
forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such information. Accordingly, readers should not
place undue reliance on forward-looking statements. All
forward-looking statements contained in this press release is given
as of the date hereof and is based upon the opinions and estimates
of management and information available to management as at the
date hereof. The Company disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as
required by law.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE GreenSpace Brands Inc.