|Bid||0.1100 x 0|
|Ask||0.1200 x 0|
|Day's Range||0.1000 - 0.1100|
|52 Week Range||0.0550 - 0.3500|
|Beta (3Y Monthly)||-0.10|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jun 28, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Organic Garage Ltd. (“Organic Garage” or the “Company”) (OG.V) is proud to announce that it has been named the Canadian Organic Trade Association’s (“COTA” or the “Association”) Organic Retailer of the Year. The COTA’s Organic Leadership Awards recognize individuals, organizations and companies that “have done something exceptional to advance the organic industry or support organic education in Canada by demonstrating skill and innovation, and commitment”. Award winners are deemed by the Association to be leaders within the organic sector and to have exhibited “outstanding leadership and vision”.
Organic Garage Ltd. (“Organic Garage” or the “Company”) (OG.V) is pleased to announce the early repayment of CAD 2,516,359.29 in outstanding principal and interest (the “Loan”) to BDC Capital Inc. (“BDC”), repaying the secured loan held by BDC in full. The Company expects the discharge of the security to follow in due course. The Loan was repaid using proceeds from the private placement offering of unsecured convertible debentures announced on October 25, 2019.
Organic Garage Ltd. (“Organic Garage” or the “Company”) (TSX-V:OG) is pleased to provide the following corporate update and further details pertaining to the closing of its recent non-brokered private placement. “It has taken a number of months to structure a favourable and flexible financing solution that would satisfy many of the requirements that we felt were important to our Company and our investors.
Organic Garage Ltd. (“Organic Garage” or the “Company”) (OG.V) is pleased to announce the completion of a non-brokered private placement offering (the “Offering”) of an aggregate principal amount of CAD $3,000,000 (the “Principal”) in unsecured convertible debentures (the “Debentures”) for an aggregate purchase price of CAD $2,925,000 (the “Subscription Price”) (representing and including an original issue discount equal to 2.5% of the purchase price). The net proceeds of the Offering will be used to repay in full a secured loan held by BDC Capital Inc. as well as for general working capital. Matt Lurie, CEO of Organic Garage commented, “I am delighted to complete this convertible debenture which will be used to repay in full the debt amount outstanding from the BDC.
Even the best investor on earth makes unsuccessful investments. But it would be foolish to simply accept every...
Organic Garage Ltd. (“Organic Garage” or the “Company”) (OG.V) has released the Company’s financial results for its quarter ended July 31, 2019 and is pleased to announce an increase in year over year sales. Quarterly sales increased 9.56% to $6,248,778 due to the continued growth of the Company and the addition of its fourth location, opened in October 2018. Net loss increased quarter over quarter from ($663,277) to ($1,072,010) due to costs related to changes to IFRS accounting regulations, higher operating and depreciation expenses, higher interest costs related to the BDC financing and decreased gross margin.
Organic Garage Ltd. (“Organic Garage” or the “Company”) (OG.V) has released the Company’s financial results for its first quarter ended April 30, 2019 and is pleased to announce an increase in year over year sales and gross profits. Matt Lurie, CEO of Organic Garage, commented, “Our first quarter results show growth in sales and gross profits. 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.
Organic Garage Ltd. (“Organic Garage” or the “Company”) (OG.V) has released the Company’s annual audited financial results for its year ended January 31 2019. The Company's audited annual consolidated financial statements for the Company including the operating company and all subsidiaries and related management's discussion and analysis for the period are available under the Company's profile on SEDAR at www.sedar.com. Matt Lurie, CEO of Organic Garage commented, “The company continues to grow as overall sales increased along with our store count.
Organic Garage Ltd. (OG.V) (“Organic Garage” or the “Company”), an independent organic and natural foods grocery chain, is pleased to announce the appointment of Micheal Lovsin to the Company’s board of directors. Micheal Lovsin is an accomplished executive with more than 35 years of experience in retail, including natural foods, pharmacy, product development, regulatory affairs, food safety and quality management systems for both corporate and national brands.
Organic Garage Ltd. (OG.V) (“Organic Garage” or the “Company”), an independent organic and natural foods grocery chain, is pleased to provide a detailed update on its 2018 activities and upcoming initiatives for 2019. Organic Garage continued to grow in 2018 with the addition of a new store in Toronto’s Liberty Village neighbourhood and the expansion of its private label, “Kitchen Originals”. The Company remains focused on its goal of opening one to two new stores per year as it aims to position itself as one of Canada’s largest natural food grocers and establish the Organic Garage brand through its stated mission of making healthy food affordable and accessible.