Wednesday, November 22, 2017 7:09:18 AM
www.onegreenplanet.org/vegan-food/store-bought-vegan-ice-cream/
JAWEA is ranked #3. With more distribution, word of mouth, and exposure through Sodexo, ABVG should get good revenues from JAWEA
Sodexo has over 1000 colleges and universities they deal with. SODEXO – ABVG – EAT program started with Northern Arizona University, and will expand into other colleges that SODEXO has footprint. Definitely more to come for $ABVG
Sodexo is one of the world's largest multinational corporations, with 420,000 employees that represent 130 nationalities and are present on 34,000 sites in 80 countries. For fiscal year 2010 (ending August 2009) revenues reached 15.3 billion euros, with a market capitalization of 6.5 billion euros. Revenues by region represent 38% in North America, 37% in Continental Europe, 8% in the UK and Ireland, and 17% elsewhere. Link - https://en.wikipedia.org/wiki/Sodexo
- SODEXO SHARE PRICE 104.35 euros.
http://www.marketwatch.com/investing/stock/sw?countrycode=fr
This is what Village Tea company's CEO has to say about SODEXO's deal:
Martin Ekechukwu, CEO of Village Tea Company (subsidiary of $ABVG) "And to celebrate, today we have signed the biggest contract of our lives with Sodexo where @villageteaco will be distributed nationally and internationally in thousands of food service locations like college campuses, especially HBCU's where we are dedicated to supporting health and wellness trends of people of color, restaurants, bars, hotels, embassies, stadiums, your mom's cabinet and your local bodega's"
Here's the link - https://www.instagram.com/p/BDyGqd1Q6Gb/
Food service has become an increasingly important channel for natural food startups, which Velez says companies like Sodexo view “as the future.” Sodexo in 2014 said it would purchase $1 billion in products and services over three years from small- and medium-sized enterprises; its other small partners include Paleo baked goods company Base Culture, Village Tea Company, and Gavina Coffee Company.
http://fortune.com/2016/10/05/back-to-the-roots-food-service/
In 2010, SODEXO was serving 1 Billion hot beverages, or 10,000 tons of coffee and tea annually. That number would have grown much higher by now(in 7 years).
Just a guess, but if we assume 10% of that 1B hot beverages is tea, we are looking at 100M TEA beverages every year. If ABVG(Village Tea) becomes the tea supplier for SODEXO, we are looking at hundreds of millions in revenues just from SODEXO.
In 2010, Sodexo's Group Marketing Director said in a statement. "At present, we serve nearly one billion hot beverages, or 10,000 tons of coffee and tea annually and we would like to continue develop this offer in the future." http://www.greenbiz.com/news/2010/06/23/sodexo-boosts-green-purchasing-goals-coffee-tea-additions
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