Organic Garage Ltd.
Organic Garage Ltd.
Sector: Retail
Description
Organic Garage Ltd. is an independent retail chain company that operates in the consumer defensive sector. Organic Garage provides quality natural and organic products at reasonable prices throughout Canada.
Organic Garage is a family business started in 1931 by Matt Lurie’s great grandparents, who opened their first grocery store at 374 College Street, Toronto. But fluctuation in the market situation and demographical changes led to its closure. Later, in 2006, Lurie opened a new grocery store in Oakville with the help of his mother and sister. Since then, the company has aimed to provide good quality organic and natural produce at low prices.
Organic Garage Ltd. is listed on the TSXV under the ticker OG. It also trades on the Frankfurt Stock Exchange (FSE) and the OTCQX (the United States) under the symbols 9CW1 and OGGFF, respectively.
The Vancouver-based chain offers numerous grocery items, including fruits, vegetables, dairy items, bakery products, meat, vitamins, supplements, and health and beauty products. The company markets and sells its grocery products to customers through a network of retail grocery stores sitting in prime locations across Oakville, Toronto, and Thornhill. Organic Garage is focused on expanding its retail chain network to increase its market operations and customer reach in the Greater Toronto Area (GTA).
To tackle the COVID-19 pandemic and associated challenges, the company modified its business operations according to the Ontario Government and Toronto Public Health guidelines to provide a safe environment for its customers and employees.
Additionally, Organic Garage Ltd. began selling grocery products online with Instacart. The retail grocer entered into an exclusive partnership agreement with Instacart to offer customers online order and delivery services from all Organic Garage stores. The online sales strategy has enabled the company to serve customers living in new retail markets, including Pickering, Brampton, Scarborough, Milton, Mississauga and many more.
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