Planet Organic Health Corp Announces New Strategic Steps
Thursday July 24, 1:13 pm ET
(TSX Venture Exchange - POH)
EDMONTON, July 24 /CNW/ - Strong cash flows are financing expansions in the Planet Organic Health Corporation's (POH) various divisions.
The first evidence of that is the opening this fall of another Planet Organic Market store in Toronto.
About the same time, renovations that will double the size of the Edmonton flagship store will be completed this fall, POH added.
"It's wonderful to see two major undertakings taking place at the same time in the East and the West, in two of the financial powerhouses in the country," said Darren Krissie, VP of Corporate Development and CFO of POH.
There are four Planet Organic Market stores in Alberta, two in Edmonton and two in Calgary and others spread across the country to make a total of 10 Market stores.
POH's Market division took possession of the new Toronto store in July and has construction crews at work to meet the fall opening deadline.
Previously announced makeovers and expansions are continuing in POH"s other divisions.
For example, the new $1 million organic kitchen for Mrs. Green's Natural Market stores, located north of New York City, is on schedule for its completion this fall. That was announced April 15, 2008.
In addition, new stores are being added to the Sangster's Health Centres and complete makeovers at Healthy's Natural Living stores are continuing.
ABOUT PLANET ORGANIC
Planet Organic Health Corp. (TSX-V: POH - News), is a natural products industry company, comprising manufacturing, distribution and retail. Planet is listed on the TSX Venture Exchange as a Tier One company. Planet 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 & Planet Organic Living banner. Another POHC company, Trophic Canada is the country's leading manufacturer of natural supplements. The Company has a total of 65 stores throughout Canada and 11 in the U.S.
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