VANCOUVER, BC, May 7, 2021 /CNW/ - Organic Garage (TSXV: OG)
(OTCQX: OGGFF) (FRA: 9CW1) announced that its 100%-owned subsidiary
"Future of Cheese" has signed a manufacturing agreement with
Ontario based Flamaglo Foods.
Organic Garage is an Ontario-based independent organic grocer with
a growing footprint, increasing revenue and new business
verticals.
Founded in 2005 by a fourth-generation grocer, Matt Lurie, Organic Garage's 4-outlet
Toronto area chain did
$24 million in sales last year.
Like Whole Foods (purchased by Amazon for $13.7 billion), OG targets health-conscious
consumers.
Many urban millennials (25 to 40-year-olds) are seeking
alternatives to big chain-stores.
"A growing number of the millennial generation express dim views
of corporations and their leaders," reports Forbes Magazine.
Organic Garage is neighbourhood focused - with "a wide selection
of healthy and natural products at everyday affordable prices."
"The North American organic sector posted a banner year in 2019,
with organic sales in the food and non-food markets totaling a
record $55.1 billion, up a solid 5%
from the previous year".
Within this macro-trend, the market for non-dairy butter and
cheese has multiple demand drivers.
"Primary lactose intolerance is caused by a decrease in
lactase production with age, so that lactose becomes poorly
absorbed," states Healthline.
"Lactose intolerance affects 5–17% of Europeans, 60–80% of
Africans and Asians and around 44% of North Americans" added
Healthline.
According to Manufacturing.Net, "96% percent of North Americans
love cheese" to the point that 39% would give up coffee for a year
to avoid quitting cheese.
Future of Cheese products include cultured butter and
cream cheeses made from sustainably and ethically sourced
plant-based ingredients.
Organic Garage has been working with Flamaglo Foods at their
HACCP certified facility.
HACCP (Hazard Analysis Critical Control Points) is a systematic
and preventative system developed in the 1960s by NASA," states the
Canadian Institute of Food Safety, "Today, HACCP principles form
the basis of Food Safety Plans worldwide".
"This includes ingredient sourcing, batch testing, product
manufacturing, packaging, storage and fulfillment," states OG, "All
recipes and formulations will remain proprietary to the Company,
and Flamaglo Foods has executed a strict confidentiality agreement
related to the production and manufacturing of Future of Cheese
products".
"Selecting a domestic manufacturing partner with the highest
level of proven experience, knowledge and success in the
plant-based food sector is a significant milestone for the company,
and allows us to commence production of our initial line of
products with confidence," stated Jen
Wojtaszek, President of Future of Cheese.
Flamaglo Foods products are sold in more than 2,000 retail
locations across Canada.
"My team and I are excited about the collaboration with Future
of Cheese," stated Francis Lo,
Co-Founder of Flamaglo Foods, "we look forward to working together
to help transform their well-developed vision and recipes into
exceptional products ready for the rapidly growing plant-based
consumer market."
"When we acquired Future of Cheese, we want to build a sound
foundation on the production side," Matt
Lurie, President and CEO of Organic Garage told Proactive
Investors, "Finding a partner like we have now allows us to do
that, as we continue to look at other markets, whether it be US or
Europe, this gives us a lot of
flexibility".
"Flamaglo foods are pioneers in the space of plant-based
products," confirmed Craig Harding,
Co-Founder of Future of Cheese, "We just happened to catch them as
they launched a state-of-the art brand new facility in late
2020'.
On March 17, OG announced the
expansion of its Hand-Picked Partner program.
The expansion will initially consist of the placement of the
Cali-Rolls sustainable sushi brand at the Organic Garage Junction
location and the roll-out of the Tori's Bakeshop program across all
four Company stores.
Tori's Bakeshop is the latest partner in a curated food concept
that allows select vendors to sell unique, ready-made and
specialized foods to Organic Garage customers through
small-footprint, on site kiosks.
OG's geographic footprint is expanding.
On November 28, 2019, OG announced
that it had begun construction of the Leaside location – which
follows a formula of expanding its store footprint into high
population density locations.
Leaside is located northeast of Toronto's downtown core and consists of over
229,000 households with an average household income of over
$139,000 per year within a 5km
radius.
The Global Plant-based Cheese Market is valued approximately USD
$1.01 billion in 2019 and is
anticipated to grow at a rate of more than 12.8 % over the forecast
period 2020-2027," states Wise Guy Reports.
February 2021 marked the 12th consecutive month of sales
increases at Organic Garage.
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SOURCE Global Stocks News