Planet Organic divison launches major expansion
Tuesday April 15, 11:29 am ET
TSX:V - POH
EDMONTON, April 15 /PRNewswire-FirstCall/ - A Planet Organic Health Corporation division just north of New York city took to heart the old expression of 'home is where the hearth is' in launching a major expansion of its commercial kitchen.
The division, Mrs. Green's Natural Market, has 11 busy organic and natural foods and products stores, which currently get all their fresh and healthy deli foods from a 3,000 sq. ft. kitchen located in a basement under one of the stores.
Its new commissary will be 10 times larger and will elevate the 40 employees from the basement to an ultra-modern, above-ground facility.
Mrs. Green's founder and Co-President, Harold Hochberger, said employees can't wait for the above-ground commissary to open its doors having worked from their comfortable but still subterranean facility for the last 15 years.
"They are absolutely happy with this decision," Mr. Hochberger said.
The current kitchen produces everything from organic pies, to complete, all vegetarian pick up dinners, to organic smoothies - enough products to rack up annual deli sales in all of the 11 stores of $3.5 million, or up to eight per cent of total division revenues.
Deli sales are increasing by about 15% annually and Mr. Hochberger is confident that already impressive sales growth can be topped when the new, $1 million commissary opens its doors in about six months.
Planet Organic Health Corp. (POH) has five divisions, plus another planned acquisition of another chain of organic food stores in California.
POH Vice President of Corporate Development and CFO, Darren Krissie, said the acquisition of Mrs. Green's last year was a critical step in corporate growth plans.
Those plans have seen overall revenues in all of POH's divisions rise from $1.6 million to projected revenues this fiscal year of over $100 million - all in less than seven years.
"Mrs. Green's founders and co-presidents, Harold and his wife, June, have very astutely built Mrs. Green's from the ground up. We are very excited to see this major step forward occur under their gifted stewardship."
About Planet Organic Health Corp.
Planet Organic Health Corp. (TSX-V: POH - News) is a natural products industry company, comprising manufacturing, distribution and retail. Planet Organic is listed on the TSX Venture Exchange as a Tier One company. Planet Organic operates nine natural food supermarkets throughout Canada under the Planet Organic Market banner and eleven natural food supermarkets in the U.S. under the Mrs Green's Natural Markets banner. The Company also operates 48 natural health outlets under the Sangster's Health Centre banner and eight natural health outlets under the Healthy's and Planet Organic Living banners. Another Planet Organic company, Trophic Canada, is the country's leading manufacturer of natural supplements. The Company has a total of 65 stores throughout Canada and eleven in the U.S. and has more than 650 employees.
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