This is the latest in a series of positive developments for the creators of the world’s first vegan lassi.
On the announcement of trading, President and Director Michael Yang states, “I firmly believe that Plant Veda has a unique opportunity to be a notable player in the fast-growing plant-based movement and create significant shareholder value for decades to come.”
The Company is well capitalized for growth having closed an oversubscribed financing in connection with going public. Currently, Plant Veda’s three product categories include award-winning lassi, coffee creamer and plant-based milks, all in a variety of flavours, with new product categories in late testing and packaging design stages.
Their product range has brought home awards from VegExpo, Canada’s largest plant-based trade show, Vancouver Magazine’s Made in Vancouver Award Finalist and Clean Choice Award on the Clean Eating Magazine.
Plant Veda products are available in over 100 retail and online stores throughout British Columbia, including Whole Foods Markets, Choices Markets, Save-on-Foods, Freshprep.ca and Spud.ca.
They are also developing a relationship with one of North America’s leading natural food distributors to take products beyond BC.
To keep pace with the Company’s growth, Plant Veda is currently developing a cutting-edge production facility, with phase 1 upgrades to be completed later this year, which is capable of supporting $10M+ in annual sales, with additional room for further upgrades.
A direct-to-consumer e-commerce store has launched at PlantVeda.com with a first-of-its-kind plant-based dairy subscription box service available throughout BC, with fulfillment partnership discussions underway to expand services beyond BC.
Plant Veda Foods CNSX: MILK
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22 Jun, 1:30 pm GMT-4 ·Disclaimer