Greenspace Accelerates Ecommerce Channel Sales

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TORONTO, July 19, 2021 / CNW / – GreenSpace Brands Inc. (“GreenSpace” or the “Company”) (TSXV: JTR), a leader in the organic and plant food industry, announces plans to accelerate growth in the commerce channel electronics, including branding – leading e-commerce sites and platforms.

The company launched its direct-to-consumer e-commerce channel for the LOVE CHILD ORGANICS brand in late 2020 (www.lovechildorganics.com). Since its launch, this channel has seen month-over-month growth, achieving its highest ever monthly sales in June 2021. Sales in the channel and the average order size increase, with the channel generating profit for the company. LOVE CHILD ORGANICS has also expanded its presence on other leading e-commerce platforms by Canada.

The company’s brand of nuts, seeds, popcorn and snack mixes CENTRAL ROAST is celebrating its 10th anniversary by launching its own direct-to-consumer e-commerce channel (www.centralroast.ca). The brand is offering a 10% promotional discount on the entire online store to celebrate CENTRAL ROAST’s 10th anniversary.

Additionally, the company recently partnered with Beekeeper Marketing, a digital agency specializing in accelerating Amazon channels. Beekeeper Marketing has worked with the biggest consumer brands within North America to effectively stimulate growth within this important channel.

“We are excited to build our capabilities in the important e-commerce channel and look forward to accelerating our impact on e-commerce through our brands,” said Shawn warren, President and CEO of GreenSpace Brands Inc. “Consumer buying behaviors have changed and we are positioning our brands to better respond to changing consumer preferences. Canada, this allows our company to expand internationally and acquire geographic reach and revenue synergies across the portfolio over time.

ABOUT GREENSPACE BRANDS INC. :

GreenSpace is a North American organic and plant-based food company that develops, markets and sells premium food products to consumers in the fast growing natural and organic food categories. GreenSpace owns LOVE CHILD ORGANICS, a producer of 100% organic foods for infants and toddlers made with natural ingredients and rich in nutrients, CENTRAL ROAST, a brand of clean snacks with a wide assortment of mixtures of nuts and seeds organic and GO VEGGIE, pioneers and leaders in the US plant-based dairy products market. All brands are wholly owned and sold in a variety of online, natural and retail grocery stores.

For more information visit www.greenspacebrands.ca and the GreenSpace files are also available at www.SEDAR.com.

CAUTION REGARDING FORWARD-LOOKING INFORMATION:

This press release may contain forward-looking statements or “forward-looking information” within the meaning of applicable Canadian securities laws (“forward-looking statements”). Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, ” forecasts ”,“ intention ”,“ anticipates ”or“ does not anticipate ”, or“ believes ”, or describes an“ objective ”, or a variation of these words and expressions or declares that certain actions, events or results “Could”, “could”, “could”, “could” or “will” be taken, occur or be reached.

Forward-looking statements are necessarily based on a number of estimates and assumptions which, while believed to be reasonable, are subject to known and unknown risks and uncertainties. All of the Company’s forward-looking statements contain assumptions made or inherent in such forward-looking statements, including the assumptions listed below. While the Company believes these assumptions to be reasonable, certain factors are beyond the Company’s control, including, but not limited to, non-compliance by third parties with their obligations to the Company or its affiliates; the impact of new laws and regulations in force, modifications or application thereof; critical accounting estimates and changes in accounting standards, policies and methods used by the Company; the occurrence of natural and unnatural catastrophic events and claims resulting from such events; and the risks associated with COVID-19, including various recommendations, orders and measures by government authorities in an attempt to limit the pandemic, including travel restrictions, border closures, non-essential business closures, quarantines, self-isolation, shelter in place and social distancing; and other factors that could cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements, including the risks identified in the Company’s information documents. There can be no assurance that these forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Therefore, readers should not place undue reliance on forward-looking statements. All forward-looking statements contained in this press release are given as of the date hereof and are based on the opinions and estimates of management and on information available to management as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

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.


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