VANCOUVER, Dec. 6, 2017 /CNW/ - Global Gardens Group
Inc. (the "Company") (TSXV: VGM) is pleased to announce
the arrival of its proprietary "Veggemo" non-dairy vegetable based
milk line onto retailer store shelves in China.
To-date eight containers of Veggemo have been shipped to
China with an additional two
containers to ship out by year end. Six of the containers
have made it into stores in support of customer demand. To
highlight a few important retailers:
- BHG Market Place – an upscale supermarket with stores across
mainland China. BHG carries an extensive product selection
including produce and organic products.
- FamilyMart – One of the largest chains in China with franchised convenience stores
covering all major markets like Shanghai, Beijing and Guangzhou.
- Ole Supermarkets – High end stores focusing on fashion,
consumer products and exotic fresh fruits and vegetables.
Targeting a white collar customer, 70% of product in-store is
imported.
Warren Spence, CEO V-Power
(China) states "these well-known
and targeted retailers play an important role in establishing the
Veggemo footprint in China. BHG and Ole have a premium
shopper who desire healthy products. Furthermore, imported
products, especially from trusted markets like North America, are in demand.
Additionally, the on-line and convenience store market in
China continues to boom* as time
starved consumers look for convenience. Veggemo's
availability in FamilyMart provides the outlets to reach them."
Mr. Spence continues, "Veggemo has arrived in about 250
stores to-date and we will reach over 800 stores in China by mid 2018."
*
http://www.cnbc.com/2016/11/30/chinas-convenience-store-segment-booms-7-eleven-familymart-ones-to-watch-bain.html
About Veggemo
The Veggemo product line is the dairy alternative originating
from vegetables and is Global Garden Group's (VGM) showcase product
for the dairy-free industry. Veggemo is available in 3 varieties:
Original, Unsweetened and Vanilla flavors. Our proprietary blend of
pea protein, tapioca and potatoes create a smooth and delicious
blend. The Dairy-free industry continues to witness dynamic
growth led by consumer demand for 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, corporate finance companies and Canadian
investment banks. This list includes Neilson Dairy, Ben &
Jerry's and Haagen Dazs Ice Cream, Gillette, P&G, Cadbury
Schweppes, Sunkist, Primo Pasta, Price Waterhouse Coopers,
Desjardins Securities Inc., Orion Securities Inc., Vengate Capital,
HSBC 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 Acquisition Corp.
