Veggemo Continues Rapid International
Expansion
VANCOUVER, Feb. 28, 2018 /CNW/ - Global Gardens Group
Inc. (the "Company") (TSXV: VGM) is pleased to announce the
arrival of its proprietary "Veggemo" non-dairy beverage product
line into Bermuda.
"Our global expansion continues," comments Rob Harrison, Global Gardens Group President
& CEO. Mr. Harrison further stated, "outside of
North America, Bermuda represents our second international
market of entry following China.
Many international markets are enticing to enter driven by a
population that has a high percentage of adults who are lactose
intolerant and Bermuda is no
exception."
The Company has an exclusive distribution agreement in place
with "Live Plus Bermuda." Live Plus Bermuda, founder and principle
Jared Dylan Petty explains "current
non-dairy milk products in Bermuda
lack the overall nutritional benefits that are important in a
healthy diet. Veggemo has 6 grams of protein per serving
size, is rich in calcium and vitamin D, while being an excellent
source of vitamin B12. Veggemo's shelf stable product
offering is perfect for countries like Bermuda which lack the supply chain to support
a refrigerated format. We are so excited to bring Veggemo to
Bermuda based on the success of
our initial consumer and retailer testing."
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.
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 Global Gardens Group Inc.