Organic Garage Announces Change of CFO

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(TheNewswire)

Toronto, Canada / TheNewswire / July 3, 2018 - Organic Garage Ltd. (“Organic Garage” or the “Company”) (TSX-V:OG) announces that Olga Balanovskaya has resigned as Chief Financial Officer and the Company has appointed Paul Mason as the new Chief Financial Officer, effective immediately.  

The Company would like to thank Ms. Balanovskaya for her contribution and service to the Company.  

Mr. Mason has spent the majority of his career providing contract CFO services to business clients attempting to reposition for growth in the retail, wholesale and manufacturing sectors. Mr. Mason has over 35 years of experience in Canada specializing in finance and operations of mid-sized entrepreneurial private companies as well as several larger Canadian public companies.  Mr. Mason is accomplished at developing strategy, assessing business risks and executing change to maximize profitability and streamline business processes.  Paul has a B. Comm from the University of Toronto and has a CPA, CA designation.

Matt Lurie, CEO of Organic Garage commented, “We welcome Paul and his wealth of expertise in both the retail sector and the public markets to our growing team, at this exciting time of growth and expansion for our company.”

About Organic Garage Ltd.

Organic Garage (TSX-V: OG) is one of Canada’s leading independent organic grocers committed to offering its customers a wide selection of healthy and natural products at everyday affordable prices. The company’s stores are in prime retail locations designed to give customers an inclusive, unique and value-focused grocery shopping experience. 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. The company is focused on continuing to expand its retail footprint within the Greater Toronto Area. For more information please visit the Organic Garage website at www.organicgarage.com.

For further information please contact:

Evan Clifford

T: (416) 201-9390

E: [email protected]

W: www.organicgarage.com

 

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

Cautionary Note Regarding Forward-looking Statements

This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as "forward-looking statements") within the meaning of applicable Canadian securities laws. All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "achieve", "could", "believe", "plan", "intend", "objective", "continuous", "ongoing", "estimate", "outlook", "expect", "may", "will", "project", "should" or similar words, including negatives thereof, suggesting future outcomes.

Forward looking statements are subject to both known and unknown risks, uncertainties and other factors, many of which are beyond the control of Organic Garage, that may cause the actual results, level of activity, performance or achievements of Organic Garage to be materially different from those expressed or implied by such forward looking statements, including but not limited to: the use of proceeds of the offering, receipt of all necessary approvals of the offering, general business, economic, competitive, political and social uncertainties; negotiation uncertainties and other risks of the grocery industry. Although Organic Garage has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.

Forward-looking statements are not a guarantee of future performance and involve a number of risks and uncertainties, some of which are described herein. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Organic Garage's actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Any forward-looking statements are made as of the date hereof and, except as required by law, neither Organic Garage assumes no obligation to publicly update or revise such statements to reflect new information, subsequent or otherwise.

Copyright (c) 2018 TheNewswire - All rights reserved.