Skip to content
June 14, 2024

Equity.Guru

Investment information for the new generation

Search

Zoglo’s Incredible Food Corp. (ZOG.C) Goes Public, Launches 12 New Incredible Products

Zoglo’s Incredible Food Corp. (ZOG.C) announced today that it has launched a dozen new plant-based products, following its listing on the Canadian Securities Exchange on July 26, 2021.

“Zoglo’s is an impressive company with an established history, extensive and growing distribution, and a commitment to listening to its customers to drive continuous product innovation. The new product line is focused on plant-based alternatives for classic consumer favorites such as shawarma, meatballs, chicken tenders, and strips, and is a direct result of Zoglo’s longstanding commitment to integrating consumer feedback,” said Eat Beyond, Zoglo’s investment issuer, CEO Michael Aucoin.

Aside from sounding like a circus attraction, Zoglo’s is actually a popular plant-based foods company that has established itself as a recognized brand, featuring healthy plant-based food alternatives including appetizers, veggies, and meat substitutes. With this in mind, Zoglo’s products are distributed in more than 700 retail stores across Canada, including major supermarkets like Walmart, Shoppers Drug Mart, Sobeys, and Loblaws. Moreover, Zoglo’s has expanded its presence in both the United States and Europe, with plans to open an online store in the future.

 

Zoglo’s 12 new products will be added to the Company’s Incredible™ product line, and will include plant-based alternatives for existing consumer favorite such as shawarma, meatballs, chicken tenders and strips. Looking forward, Zoglo’s has signed a non-binding letter of intent (LOI) to acquire a 50.5% interest in Monday Swiss UK Ltd., a leading European-based developer and manufacturer of plant-based food alternatives. The proposed acquisition is intended to provide Zoglo’s with the capacity to expand globally, which is expected to increase annual sales by up to CAD$6 million. Overall, this would increase the Company’s annual revenue by an incredible 200%.

“We are excited to support Zoglo’s in this next chapter of its growth…Zoglo’s is at the forefront with its leading technological know-how, giving it the ability to provide consumers with choices that can deliver on the taste and texture that consumers are seeking in plant-based alternatives. This is the kind of innovation that can drive this market forward and remove barriers to mass adoption of plant-based products,” continued Michael Aucoin.

The terms of the LOI are subject to the parties entering into a definitive agreement on or before August 27, 2021. In addition to going public and establishing an LOI with Monday Swiss, Zoglo’s closed a $6.75 million non-brokered private placement which provided the necessary capital for the Company’s recent public listing. With a name like Zoglo’s Incredible Food Corp. I doubt you will be forgetting this Company any time soon, however, it may be worth adding Zoglo’s to your watchlist just to be safe. Having just gone public, Zoglo’s shares are dirt cheap and the Company could experience growth relative to the expanding plant-based market, which is expected to reach $74.2 billion by 2027.

 

 

Zoglo’s share price opened at $0.43, up from a previous close of $0.425. The Company’s shares are up 3.52% and are currently trading at $0.44 as of 1:47PM ET.

 

Related Posts

More on

5 thoughts on “Zoglo’s Incredible Food Corp. (ZOG.C) Goes Public, Launches 12 New Incredible Products”

    1. Great question! I personally use Questrade. Its an online trading platform and you can access Zoglo’s shares there. Its easy to signup with too so its a great option if you’re looking to invest!

Leave a Reply

Your email address will not be published. Required fields are marked *