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Planet Organic Health Corp. Closes Buy of Ontario Operator

EDMONTON, Alta. -- Natural and organic retailer Planet Organic Health Corp. yesterday closed the acquisition of Healthy's Nutrition Centres, a seven store health food store operator in the greater Toronto area.

Healthy's Nutrition Centres have been operated for 15 years by Ameen Ferris, the company president, and his brother, Mirwan. Both founding members will continue to manage the existing locations and further develop the Ontario market for Planet Organic corporate lifestyle stores. Healthy's stores are located in major shopping centers throughout the Toronto area and offer a complete range of health supplements and personal care products.

"This gives us the opportunity to expand the Ontario market with an established chain of stores," said Darren Krissie, Planet's v.p., corporate development and c.f.o. "We have grown from one location to 60 including the Healthy's chain in under five years. We have been consistent in choosing winning acquisitions which add value for our shareholders."

Planet Organic operates natural food supermarkets in Edmonton, Victoria, Calgary, Port Coquitlam, and Halifax under the Planet Organic Market banner. In addition, the company operates 48 natural health outlets under the Sangster's Health Centre banner. Another POHC company, Trophic Canada is the country's leading manufacturer of natural supplements.
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