The Company's acquisition of organic, vegan chocolate brand, Undone Chocolate is set to close by the end of April. More details regarding Undone, including updates on newly added domestic and international customers will be made available upon closing.
1. STRENGTHENING FORECAST
Internal forecasts for Q2 2017 continue to strengthen
Village Tea Company (the Company), is now the official tea and vegan smoothie provider for a new on-campus (Colleges and Universities) food and beverage concept operated by one of the world's largest food service and hospitality companies.
The Company is happy to announce that it will resume shipments of new orders to new and existing customers in Q2, including Amazon.com, Akins and Chamberlin and others as well as the company e-store, www.villageteaco.com.
Village Tea Company, a wholly owned subsidiary, is in the process of launching several new initiatives, including Green Road Wellness Hemp Infused Loose Leaf Tea. The company is currently finalizing the packaging design and the initial assortment. Further details regarding the progress of all Village Tea initiatives will be provided in the coming days.
The Company's acquisition of organic, vegan chocolate brand, Undone Chocolate is set to close by the end of April. More details regarding Undone, including updates on newly added domestic and international customers will be made available upon closing.
Village Tea/On the Move (OTM)/Florida Panthers sales and promo agreement is in place and scheduled to start during the off-season into the 2017/18 season, now slated for all OTM locations across the state of Florida.
The Company has satisfied a significant portion of its debt obligations associated with the acquisition of Village Tea Company as well as other outstanding Company debt.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.