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Highlights
- Food Revolution Group is witnessing increasing sales base and strong consumer support for its world-class products.
- Woolworths has agreed to scale the company’s new ‘Calm’ Juice Lab Wellness Shot throughout Australia.
- A major distribution partner Easychef now exports Juice Lab Wellness Shots to Asian markets.
The Food Revolution Group Limited (ASX:FOD) continues to cash in on exciting opportunities in the food & beverage market on the back of its world-class products.
The company shares were trading nearly 11% higher midday on 21 June 2022 following an upbeat update.
The Australia-based food processing company has updated on the continued growth and distribution of its Juice Lab brand, Original Juice Company range and new distribution channels.
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Continued growth of Juice Lab shots
FOD processes and manufactures a range of high-quality juices, fibres, supplements, and wellness beverages sold as branded products or ingredients to domestic and overseas customers.
Its Juice Lab shots range continues to witness growth, backed by the rollout of a new product and strong distribution of existing offerings.
Image source: © 2022 Kalkine Media®, date source: company update
Commenting on the exciting opportunities, FOD CEO Steven Cail, said: “The Juice Lab Wellness shots range continues to grow in strength with an increasing sales base and strong consumer support. The new Calm Wellness Shot is an innovative product that provides consumers with health benefits, utilising evidence-based ingredients such as hemp, lavender, and chamomile. The Juice Lab Wellness Shots have been the clear leader in the market, and the increased distribution across Woolworths continues to help expand our dominance in the marketplace.”
Veggie Goodness Juices
As part of its strategy to meet consumer demands for healthier juices, FOD has launched two new ‘Veggie Goodness’ vegetable-based juices under the Original Juice Company brand. The products will be made available at Woolworths stores from 6 July 2022.
Moreover, FOD is registering strong growth in distribution channels. The company has now successfully made available its Original Juice Company products via Costco Australia.
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For FY23, the company’s main focus is on increasing distribution. FOD expects to tap new markets with its world-class products.
FOD shares were trading at AU$0.020 midday on 21 June 2022.
