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Planet Organic Opens New Canadian Store

Canadian natural and organic products retailer Planet Organic Market yesterday opened its largest store in a new shopping complex in Vaughan, Ontario.

At 13,400 square feet, it's the operator's second store in the Greater Toronto area, following the opening of the Edmonton-based retailer's Port Credit store opening a year ago.

"The network of Planet Organic stores across Canada and those subsidiaries operating under different banners in the United States will grow through expansions, like this brand new store in the Toronto area, and through acquisitions," said Darren Krissie, v.p. of corporate development and c.f.o. of Planet Organic Health Corp., which owns Planet Organic Market and manufacturing subsidiaries in Canada and the United States. "This is our ninth Planet Organic Market store in Canada and this store opening follows on the heels of the pending acquisition of the chain of stores in Santa Cruz, Calif."

This growth will help Planet Organic achieve its projected revenue of approximately $100 million by its June 30 fiscal year end.

Planet Organic Health Corp. is a natural products industry company comprising manufacturing, distribution, and retail operations. Its Planet Organic Market subsidiary operates natural food supermarkets in Edmonton, Victoria, Calgary, Port Coquitlam, Halifax, and the two Greater Toronto Area stores, and sells only 100 percent certified organic produce, all-natural groceries, healthy deli selections, organic meats, and fair trade coffee in addition to all-natural supplements, and body care products.

The company also operates 48 natural health outlets under the Sangster's Health Centre banner, two natural health outlets under the Planet Organic Living banner, and 5 natural health outlets under the Healthy's banner.
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