Veggemo Product Awareness Continues to
Advance
VANCOUVER, March 7, 2018 /CNW/ - GLOBAL GARDENS
GROUP INC. (THE "COMPANY") (TSXV: VGM) is pleased to announce
that its financial statements and management's discussion and
analysis for first quarter ended December
31, 2017 ("Q1 2018") have been filed with the securities
regulatory authorities and are available at www.sedar.com and on
the Company's website.
Highlights for the first quarter ended December 31, 2017:
1. Gross sales increased to $327,153, an increase of 226% over Q1 2017.
2. Cost of sales relative to gross sales decreased 35% versus Q1
2017.*
3. In the quarter Veggemo increased distribution by approximately
600 stores in the U.S.
"We are excited by our financial progress in the quarter" states
Rob Harrison President and CEO,
Global Gardens Group Inc. Mr. Harrison continues, "Product
reception is excellent, so our focus remains to bring more
awareness of Veggemo to consumers and provide further opportunities
for consumers to try Veggemo. We have made significant
advancement through our investment into social and digital
marketing. Today we have over 30,000 Facebook followers
representing a 472% increase over the last 3 months."
* Please see specifics on financials at www.sedar.com
About Veggemo
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 Inc.