TORONTO, Aug. 3, 2021 /CNW/ - GreenSpace Brands Inc.
("GreenSpace" or the "Company") (TSXV: JTR) a leader within the
organic and plant-based food industry, announces further details
about exciting developments at one of its core brands, LOVE CHILD
ORGANICS. The LOVE CHILD ORGANICS brand is a leader in the
organic baby food and snack categories across Canada with a following of parents looking for
healthier options for their infants and children aged six months to
six years. The brand is re-establishing its growth momentum after
facing supply challenges in the last fiscal year.
The customer fill rates of the LOVE CHILD ORGANICS pouch range
have significantly improved to more than 95% over the past 3 months
compared to the fourth quarter of the fiscal year ending
March 31, 2021. In June, the
Company announced that the brand had been re-listed at Canada's second largest retailer and had been
executing promotion activity for the brand across retailers
nationally after a half-year hiatus due to supply
constraints.
The Company is confirming significant 'stock keeping unit'
('SKU') expansion for the brand across 400 outlets at another top
Canadian grocery retailer starting in a few weeks. This
outlet expansion will include distribution of its LOVE CHILD
ORGANICS Brekky Blends new product innovations. This leading
grocery retailer has confirmed incremental merchandising support
over the months ahead. The Company is also in positive
discussions about the brand with a key retailer in the warehouse
club channel and with a top Quebec-based grocery retailer, targeting
distribution expansion over the coming months.
The Company is pleased to announce an increase in its marketing
investment in the LOVE CHILD ORGANICS brand which will see the
brand featured on the popular FoodSCAPES television program during
the upcoming back-to-school season. FoodSCAPES airs nationally on
BNN and Global television as well as the Canadian Living
website.
"There has been ongoing consumer demand for the LOVE CHILD
ORGANICS brand and we are excited to rebuild momentum in the
business, expand our distribution across channels, and drive
ongoing awareness and accessibility for families," says
Brittany Compton, Brand President of LOVE CHILD ORGANICS. "Over
the coming months, we will be announcing the launch of an exciting
new product platform, so our brand is prominent as families grow
and their food and snack choices evolve over time."
ABOUT GREENSPACE BRANDS INC.:
GreenSpace is a North
American organic and plant-based food business that develops,
markets and sells premium food products to consumers within the
fast-growing natural and organic food categories. GreenSpace owns
LOVE CHILD ORGANICS, a producer of 100% organic food for infants
and toddlers made with natural and nutritionally-rich ingredients,
CENTRAL ROAST, a clean snacking brand featuring a wide assortment
of organic nut and seed mixes and GO VEGGIE, one of the pioneers
and leaders in the US plant-based dairy market. All brands
are wholly-owned and are sold in a variety of online, natural and
retail grocery locations.
For more information, visit www.greenspacebrands.ca and
GreenSpace's filings are also available at
www.SEDAR.com.
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SOURCE GreenSpace Brands Inc.