Kory Zelickson Vejii

Kory Zelickson ©Vejii

Investments & Finance

Vejii to Acquire Leading B2B Plant-Based Wholesale Platform VEDGEco

Online vegan marketplace Vejii has entered into a share purchase agreement to acquire leading business-to-business wholesale platform VEDGEco. VEDGEco is one of the first online wholesale platforms dedicated to plant-based products, enabling smaller businesses to access high-quality products without the large minimum order sizes required by many distributors. Vejii will acquire 100% of the company’s shares for a total price of $6,250,000. VEDGEco’s team is expected to remain the same following the completion of the transaction. The acquisition will allow Vejii to expand its distribution network to include VEDGEco’s existing facilities in Hawaii, Northern California, and Georgia, while also granting VEDGEco access to Vejii’s distribution centres. Launch to IPO A little over a year after Vejii officially launched in the US, it has already expanded …