Organic Garage talks possible expansion, Instacart success and the Future of Cheese in corporate update

Organic Garage Ltd (CVE:OG) (OTCQX:OGGFF) (FRA:9CW1), one of Canada’s leading independent organic grocers, has released a business update on its potential expansions, its recent Instacart deal and the Future of Cheese’s progress since its acquisition. 

The company said it is continuing to evaluate expansion opportunities, both domestically and internationally. The COVID-19 pandemic has resulted in a renewed focus on grocery as an essential service, and landlords and developers are actively looking for grocery tenants, particularly in the health and wellness space, to anchor new real estate properties or vacancies, the company said. 

Organic Garage has been sought out for these types of developments, which could lead to potential future brand expansion opportunities in existing or new territories. 

READ: Organic Garage expands reach with North America’s largest online delivery platform Instacart

The company also noted that the initial launch of online sales with Instacart has been well received by customers. The exclusive agreement the company signed with Instacart has significantly increased its online delivery service area and has shown consistent growth since its inception. 

The larger service area encompasses over 2.1 million households and allows Organic Garage to sell to customers in new markets such as Mississauga, Milton, Brampton, Newmarket, Scarborough and Pickering, among others.

Meanwhile, following the successful launch of the Cheese Boutique Hand-Picked Partner program in its Junction location in May, Organic Garage is working towards rolling out the kiosk to its other locations over the course of 2021.

Building on the launches with Tori’s Bakeshop and Cheese Boutique, the company is working on other kiosk programs in the categories of specialty meat, specialty bakery, plants and prepared foods to augment its core grocery offer and enhance the Organic Garage shopping experience for its customers, the company said. 

Speaking of cheese, the newly acquired plant-based food company Future of Cheese has made significant progress, the company said, establishing commercial production partnerships with industry-leading Flamaglo Foods Ltd, as well as the company’s Toronto-based commercial kitchen, where the FoC team is actively completing commercial batch formulations on its initial SKUs, planned for launch this summer. 

The updated branding across all platforms has been completed and further updates including final renderings will be showcased publicly in the coming weeks.

In fact, Future of CheesecCo-founder and Maître Fromager Afrim Pristine’s highly anticipated Food Network TV show, “Cheese: A Love Story” premieres today, June 9 at 8 pm ET.

Lastly, Organic Garage held a webcast and conference call to discuss its record fiscal 2021 year-end financial results on June 2. The webcast and conference call recording are each available for playback on the company’s investors website page.

Contact Andrew Kessel at [email protected]

Follow him on Twitter @andrew_kessel

Story by ProactiveInvestors