TORONTO, May 16, 2018 /CNW/ - GreenSpace Brands Inc. ("GreenSpace" or "the Company") (TSXV: JTR) today reported winning a total of 31,031 new facings across 3,805 points of distribution with major grocery and pharmacy retailers across Canada.
Key Highlights of the incremental distribution wins include:
- A total of 31,031 new facings for 68 products across five brands.
- Love Child has added 2,276 new stores, including 820 in Quebec alone, for up to 29 of its products in several major Canadian grocery chains, pharmacies and natural food stores. This includes the launch of 16 Love Child SKUs in both Jean Coutu and Metro Quebec, four new snacking SKUs in the two largest baby food retailers in Canada, and the launch of Love Child into Food Basics, one of its first entries into a discount banner in Canada.
- Central Roast has added distribution in one of the largest grocery companies in Canada with its new 'Flavour' line of internationally inspired products, as well as a broad-based listing for its granola line in London Drugs.
- Kiju iced teas have been placed into both Walmart and Shoppers Drug Mart for the summer.
- Rolling Meadow has seen widespread natural food and independent distribution wins, mostly in Ontario
- Cedar has seen distribution wins across the Natural Food channel, where they had little previous exposure, as well as continued distribution wins within the Produce section of one of the largest grocery chains in Canada.
"Increased distribution across all our brands will help us continue to drive rapid organic growth as we fill the gaps and make our products available to a greater number of Canadian consumers. Our sales team have been enjoying great tailwinds as they place our products into more and more stores, and as our brands continue to evolve we are reinforcing our reputation for building some of the most innovative brands in the Natural Food world." says Matthew von Teichman, CEO of GreenSpace Brands. "Love Child in particular continues to evolve into one of the most dominant Organic food brands in Canada, representing the majority of the growth in the entire baby food category."
About GreenSpace Brands Inc.
GreenSpace is a Canadian-based brand ideation team that develops, markets and sells premium natural food products to consumers across Canada and the United States. Greenspace owns and operates the following brands: Love Child Organics, one of the fastest growing brands in Canada and a producer of 100% organic food for infants and toddlers made with the pure, natural and most nutritionally-rich ingredients; Central Roast, a clean snacking brand that is one of the leading natural food brands in Canada; Rolling Meadow Dairy, Canada's leading grass fed dairy, delivering premium fluid and cultured products across Canada; Life Choices which features premium convenience meat products made with grass fed and pasture raised meats without the use of added hormones and antibiotics; Kiju, the Canadian market leader in the shelf stable organic juice segment; Cedar, the Canadian leader in cold pressed and gut health focused fresh juices and Go Veggie, one of the leading brands in North America in the emerging plant based dairy category. All brands are wholly owned and retail in a variety of natural and mass retail grocery locations across Canada and the United States.
Certain statements in this press release constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements include, but are not limited to, statements made under the heading "Outlook" and other statements concerning the Company's 2017 objectives, strategies to achieve those objectives, as well as statements with respect to management's beliefs, plans, estimates, and intentions, and similar statements concerning anticipated future events, results, circumstances, performance or expectations that are not historical facts. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "outlook", "objective", "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "should", "plans" or "continue", or similar expressions suggesting future outcomes or events. Such forward-looking statements reflect management's current beliefs and are based on information currently available to management. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those contemplated by such statements and there can be no assurance that actual results will be consistent with these forward-looking statements. Factors that could cause such differences include the cyclical nature of the construction and agriculture industries, changes in general economic conditions and interest rates, adverse weather, cost and availability of materials used to manufacture the Company's products, competitive developments, legislative and government policy changes, as well as other risk factors included in the Company's Annual Information Form dated August 16, 2016 under the heading "Risks and Uncertainties Related to the Business" and as described from time to time in the reports and disclosure documents filed by the Company with Canadian securities regulatory agencies and commissions. This list is not exhaustive of the factors that may impact the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. As a result of the foregoing and other factors, no assurance can be given as to any such future results, levels of activity or achievements or levels of dividends and neither the Company nor any other person assumes responsibility for the accuracy and completeness of these forward-looking statements. The factors underlying current expectations are dynamic and subject to change. Certain statements included in this press release may be considered "financial outlook" for purposes of applicable securities laws, and such financial outlook may not be appropriate for all purposes. All forward-looking statements in this press release are qualified by these cautionary statements. The forward-looking statements contained herein are made as of the date of this press release and except as required by applicable law, the Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
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.
For further information: Matthew von Teichman, President & Chief Executive Officer, GreenSpace Brands Inc., Tel: (416) 934-5034 Ext. 200; Dennis Fong, Investor Relations, LodeRock Advisors Inc., Tel: (416) 283-9930