GreenSpace Partners with Thomas, Large & Singer to Drive Supply Chain Efficiencies
TORONTO, July 5, 2021 /CNW/ - GreenSpace Brands Inc. ("GreenSpace" or the "Company") (TSXV: JTR), a leader within the organic and plant-based food industry, announces details of its new partnership with Thomas, Large & Singer ("TLS") who will provide logistics and distribution services for the Company's CENTRAL ROAST nuts, seeds and snack mix business.
As part of its comprehensive Project FIT initiative, the Company conducted a rigorous process to evaluate the capabilities of multiple leading logistics providers across Canada. The Company is pleased to announce that it has engaged TLS, a leading North American logistics organization, for a multi-year program, which is expected to deliver improved operational effectiveness and ongoing cost savings. The new relationship is effective July 2021. TLS will be responsible for all facets of logistics, warehousing, order-to-cash and trade investment administration for the CENTRAL ROAST business across Canada. In addition, TLS has extensive distribution capabilities across North America that the Company expects will help achieve geographic synergies and accelerate growth over time.
"We are delighted to announce the formation of our partnership with Thomas, Large & Singer. I am eager to have our team work alongside their leaders to accelerate our supply chain reinvention initiatives, drive best-in-class service levels for our retail customers and ensure a best-in-class cost structure for years to come," says Shawn Warren, President & CEO of GreenSpace Brands Inc.
"Our newly announced partnership with GreenSpace's CENTRAL ROAST brand presents an exciting opportunity for TLS to play a supporting role as the business further scales its North American distribution, by leveraging our systems and capabilities in supply chain, reporting and business intelligence." says David Singer, President of Thomas, Large & Singer.
ABOUT THOMAS, LARGE & SINGER:
Since 1912, Thomas, Large & Singer has been a preferred value chain service provider in the Consumer Packaged Goods industry for many Canadian and international brands. Over the past century, the company has developed expertise in all facets of the industry, from national logistics and warehousing, to order-to-cash, trade promotional control solutions, broker management and sales agency of private label products.
ABOUT GREENSPACE BRANDS INC.:
GreenSpace is a North American organic and plant-based food business that develops, markets and sells premium food products to consumers within the fast-growing natural and organic food categories. GreenSpace owns LOVE CHILD ORGANICS, a producer of 100% organic food for infants and toddlers made with natural and nutritionally rich ingredients, CENTRAL ROAST, a clean snacking brand featuring a wide assortment of organic nut and seed mixes and GO VEGGIE, one of the pioneers and leaders in the US plant-based dairy market. All brands are wholly owned and are sold in a variety of online, natural and retail grocery locations.
For more information, visit www.greenspacebrands.ca and GreenSpace's filings are also available at www.SEDAR.com.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:
This news release may contain forward-looking statements or "forward-looking information" within the meaning of applicable Canadian securities laws ("forward-looking statements"). Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.
Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks and uncertainties, All of the Company's forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions listed below. Although the Company believes that these assumptions are reasonable, certain factors are beyond the control of the Company, including, but not limited to, the failure of third parties to comply with their obligations to the Company or its affiliates; the impact of new and changes to, or application of, current laws and regulations; critical accounting estimates and changes to accounting standards, policies, and methods used by the Company; the occurrence of natural and unnatural catastrophic events and claims resulting from such events; and risks related to COVID-19 including various recommendations, orders and measures of governmental authorities to try to limit the pandemic, including travel restrictions, border closures, nonessential business closures, quarantines, self-isolations, shelters-in-place and social distancing; and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements, including the risks identified in the Company's disclosure documents. There can be no assurance that such forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking statements. All forward-looking statements contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE GreenSpace Brands Inc.
Shawn Warren, President and Chief Executive Officer, GreenSpace Brands Inc., [email protected]; David Singer, President, Thomas, Large & Singer Inc., [email protected]
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