Canada's Guru Organic Energy rises on growing presence of plant-based drinks

Guru Organic Energy

17/03/2021 14:44

** Canada-based beverage co's shares  GURU.TO  rise ~3% to
C$16.35 in morning trade, after falling for four-consecutive
sessions
    ** GURU increases the availability of plant-based energy
drinks in convenience and gas bar locations across Canada
 urn:newsml:reuters.com:*:nGNX3PG2nw
    * Says the move will expand its presence in Canadian markets
outside of Quebec to over 4,500 points of sale
    ** Co also reports Q1 revenue of C$6.6 million, up 24% from
a year earlier
    ** Says North American expansion plans are progressing well
and on plan, having secured gains in both the Canadian
convenience and the U.S. pharmacy channels since the beginning
of the year
    ** Compared to the same time last year, co increased points
of sale by 34%, from 15,700 to over 21,000
    ** Shares down ~18% so far this year

 (Reporting by Arundhati Sarkar in Bengaluru)
 ((Arundhati.Sarkar@thomsonreuters.com;
twitter.com/Arundhati_05; +1 646 223 8780 Ext: 2776))