OATBOX (TM) RAISES C$7mm TO PROPEL ITS EXPANSION
Summary
MONTREAL, July 13, 2022 /CNW Telbec/ - Oatbox, the leading Montreal-based startup of Canadian organic oat products, is proud to announce it has raised C$7mm from strategic investors. The amount raised will not only be invested in supporting the companys accelerated growth and position in the market, but also be used in the development and production of Canadian organic oat milk.With hundreds of thousands of boxes delivered to customers since its foundation in November 2014 and hundreds of thousands of bags sold in grocery stores sine 2019, Oatbox has set itself apart thanks to its innovative branding of delicious, healthful and high-quality products. "Thanks to this major investment, Oatbox will remain at the forefront of trends, and will be able to offer its customers additional products adapted to its lifestyle. Oatbox will also be able to sell its oat base to other manufacturers, hereby answering to an increasing demand", added Mr. Bovet.The funding, which comes after a complete rebranding, will also go towards accelerating the companys expansion in grocery stores in the rest of Canada. "We want to create a positive change in the supply chain and are putting sustainable agriculture at the centre of our business decisions," said Mr. Bovet.Oatbox products are available on its website, in the majority of grocery banners, and in a number of independent stores.Established in November 2014 in Montreal, OatboxTM is a leader of oat-based products made with Canadian organic oats.