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The latest update is out from Forbidden Foods Ltd ( (AU:OMG) ).
OMG Group Ltd has secured an exclusive five-year distribution agreement with SANDAI, a premium Japanese matcha producer. This strategic partnership positions OMG as a leading distributor of ceremonial-grade matcha in Australia, unlocking high-margin sales opportunities and expanding its product portfolio. The agreement allows OMG to supply 350,000kg of matcha annually, tapping into the growing global matcha market, which is projected to reach US$7.43 billion by 2030. The company plans to integrate SANDAI matcha into new product launches and capitalize on its existing distribution networks, enhancing its market presence and profitability.
More about Forbidden Foods Ltd
OMG Group Ltd operates in the health and wellness industry, focusing on distributing premium food and beverage products. The company is known for its diversified product offerings, which include healthy snacks and drinks, and it leverages a multi-channel distribution strategy to reach consumers through grocery chains, cafes, and ecommerce platforms.
Average Trading Volume: 7,368,652
Technical Sentiment Signal: Sell
Current Market Cap: A$9.34M
See more insights into OMG stock on TipRanks’ Stock Analysis page.