Tickers: XTSX:OG
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Toronto, Canada / TheNewswire / July 4, 2018 - Organic Garage Ltd. ("Organic Garage" or the "Company") (TSX-V:OG) is pleased to report that following the release of the Company's first year-over-year financials, shares of the Company saw an increase in price and volume last week on the TSX Venture, closing Friday June 29 in the top 10 "Percent Gainers" on the exchange.
Matt Lurie, CEO of Organic Garage commented, "The proof is in the numbers, and clearly the market has responded well to the proven growth we have been able to share with the public, and more importantly, with our shareholders. Based on our reported 25% increase in revenue for fiscal 2018, we believe there was significant anticipation for our Q1 results, which were released after market on Friday reporting a 38.14% increase in sales. This is an exciting time for Organic Garage and our shareholders as we continue to build upon the success of this past year with strong results, increasing store count and delivering on our mission to bring "healthier food for less" to the masses."
In response to recent increased investor interest, the Company will host an investor call with CEO, Matt Lurie, on Friday, July 6 at 4:15pm EST. There will be a Q&A following the call for participants.
Topics to be discussed will include:
-First quarter 2018 results
-Future growth prospects including updates on current sites under construction
-Guidance for FY 2019 and 2020
The call will be open to a maximum number of participants. Once at capacity, callers will be placed in a queue. The company cannot guarantee any spaces on the call as it is hosted by a third party and operates on a first-come basis.
Dial In Numbers: 604-681-8564 Vancouver
403-532-5601 Calgary or International
780-429-5820 Edmonton
416-623-0333 Toronto
613-212-0171 Ottawa
514-687-4017 Montreal
00-800-9358-7111 Germany
Toll Free Dial-In Number: 1-855-353-9183 from Canada and USA
Toll Free Dial-In Germany: 00-800-9358-7111
Participant Passcode: 33887#
About Organic Garage Ltd.
Organic Garage (TSX-V: OG) is one of Canada's leading independent organic grocers committed to offering its customers a wide selection of healthy and natural products at everyday affordable prices. The company's stores are in prime retail locations designed to give customers an inclusive, unique and value-focused grocery shopping experience. Founded in 2005 by a fourth generation grocer, Organic Garage is headquartered in Toronto and operates a highly efficient supply chain through its centralized distribution centre. The company is focused on continuing to expand its retail footprint within the Greater Toronto Area. For more information please visit the Organic Garage website at www.organicgarage.com.
For further information please contact:
Evan Clifford
T: (416) 201-9390
E: investor_relations@organicgarage.com
W: www.organicgarage.com
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
Cautionary Note Regarding Forward-looking Statements
This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as "forward-looking statements") within the meaning of applicable Canadian securities laws. All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "achieve", "could", "believe", "plan", "intend", "objective", "continuous", "ongoing", "estimate", "outlook", "expect", "may", "will", "project", "should" or similar words, including negatives thereof, suggesting future outcomes.
Forward looking statements are subject to both known and unknown risks, uncertainties and other factors, many of which are beyond the control of Organic Garage, that may cause the actual results, level of activity, performance or achievements of Organic Garage to be materially different from those expressed or implied by such forward looking statements, including but not limited to: the use of proceeds of the offering, receipt of all necessary approvals of the offering, general business, economic, competitive, political and social uncertainties; negotiation uncertainties and other risks of the grocery industry. Although Organic Garage has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.
Forward-looking statements are not a guarantee of future performance and involve a number of risks and uncertainties, some of which are described herein. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Organic Garage's actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Any forward-looking statements are made as of the date hereof and, except as required by law, neither Organic Garage assumes no obligation to publicly update or revise such statements to reflect new information, subsequent or otherwise.
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