VANCOUVER, May 2, 2018 /CNW/ - GLOBAL GARDENS GROUP INC.
(THE "COMPANY") (TSXV: VGM) is pleased to announce that
the company projects its year-to-date sales revenue to have
increased approximately 110% vs prior year. Full and final
second quarter and year-to-date results will be reported in late
May.
"Our growth continues to progress quarter after quarter" states
Rob Harrison President and CEO,
Global Gardens Group Inc. Mr. Harrison adds, "Demand for
Veggemo continues to grow. This growth has been fuelled by
customer demand and increased brand awareness. We have
invested into three critical marketing platforms to reach targeted
consumers where they are. This includes investment into
social and digital media, targeted sampling and at key consumer and
industry trade shows in the U.S., Canada and China."
Mr. Harrison also emphasises that these estimated sales
numbers represent the Veggemo shelf stable products sold in retail
stores and through various e-commerce platforms only and this
segment is approximately 20% of the overall non-dairy beverage
category volume. The refrigerated product segment sold in the
dairy cases of grocery stores represents about 80% of category
volume and Global Gardens Group is targeting its Veggemo launch in
this segment in early 2019.
Today Veggemo can be found in approximately 5000 retail
outlets.
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.
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.
Cautionary Statement:
This news release contains "forward-looking information" within the
meaning of applicable securities laws. Generally, any statements
that are not historical facts may contain forward-looking
information, and forward-looking information can be identified by
the use of forward-looking terminology such as "plans", "expects"
or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not
anticipate", or "believes", or variations of such words and phrases
or indicates that certain actions, events or results "may",
"could", "would", "might" or "will be" taken, "occur" or "be
achieved". Forward-looking information includes, but is not limited
to the projected increases in the Company's revenue for the periods
indicated in this press release. Factors that could cause actual
results to differ materially from those described in such
forward-looking information include, but are not limited to,
revenue from the sale of the Company's Veggemo product for the
periods indicated in this press release may not increase as
currently anticipated, or at all. The forward-looking information
in this news release reflects the current expectations, assumptions
and/or beliefs of the Company based on information currently
available to the Company. In connection with the forward-looking
information contained in this news release, the Company has made
assumptions that the Company will be able to continue to generate
revenue from the sale of its Veggemo product as currently
anticipated. The Company has also assumed that no significant
events occur outside of the Company's normal course of business.
Although the Company believes that the assumptions inherent in the
forward-looking information are reasonable, forward-looking
information is not a guarantee of future performance and
accordingly undue reliance should not be put on such information
due to the inherent uncertainty therein. Any forward-looking
information speaks only as of the date on which it is made and,
except as may be required by applicable securities laws, the
Company disclaims any intent or obligation to update any
forward-looking information, whether as a result of new
information, future events or results or otherwise. This news
release contains future-oriented financial information and
financial outlook information (collectively, "FOFI") about the
Company's anticipated revenue, which is subject to the same
assumptions, risk factors, limitations and qualifications as set
forth in the above paragraphs. FOFI contained in this news release
was made as of the date of this news release and was provided for
the purpose of providing further information about the Company's
anticipated future business operations. The Company disclaims any
intention or obligation to update or revise any FOFI contained in
this press release, whether as a result of new information, future
events or otherwise, unless required pursuant to applicable law.
FOFI contained in this news release should not be used for purposes
other than for which it is disclosed herein.
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SOURCE Global Gardens Group Inc.
