The Company is proud to announce the success of its repeat sales into the candy aisle which have exceeded sales expectations in Walmart stores nationwide. The Yumy Bear portfolio is vegan, gluten-free and low sugar, offering a healthier alternative to traditional candy, which has quickly become a hit among customers looking for a better snack option.
Yumy previously announced its roll out of its Yumy Bear products into hundreds of locations through Walmart Canada being featured in the "Better for You" sections of Walmart's Nationwide. In just a few short months, the healthy candy product has seen a significant increase in sales, outpacing other products in the same category. The Company attributes this success to the growing demand for healthier snacks and the high quality of the product. As per Walmart's initiatives, "Providing and improving access to affordable, nutritious food is central to Walmart's core business as well as its philanthropic efforts around the world. Our efforts to provide more affordable, nutritious food include increasing our assortment of nutritious food, improving access to nutritious food, and engaging and educating customers and communities on making better food choices."1
"It's clear that there is a growing demand for healthier snack options, and we're proud to be at the forefront of this trend by offering this innovative product in widely accessible retail stores. By developing the additional Yumy Soda line, we expect these new SKU's will contribute to meeting our revenue projections in current sales channels as well," states
The
The healthy candy product is now available in select Walmart stores nationwide, and customers are encouraged to try it for themselves. With its delicious taste and health benefits, product has quickly become a customer favorite.
Pegah Manavikherad, has replaced
Pegah Manavikherad a seasoned communications professional with a Bachelor's degree from
Further, the company expects to engage on-line marketing for a sum of
Walmart is a supercenter chain with 408 operating stores in almost every province across
Yumy Bear is an affordable health-conscious low-sugar plant-based confectionery company based in
Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of the applicable securities legislation. The information in this news release about future plans and objectives of the Company, are forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time it was made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others: general business, economic and social uncertainties; local and global market and economic uncertainties arising in respect of the COVID-19 pandemic; litigation, availability of key product ingredients, legislative, environmental and other judicial, regulatory, political and competitive developments; the ability to effectively expand manufacturing and production capacity; the ability to obtain retail partners to distribute Company products, the success of market initiatives and the ability to grow brand awareness; the ability to attract, maintain and expand relationships with key strategic vendors; our ability to predict consumer taste preferences; delay or failure to receive regulatory approvals; the sufficiency of our cash to meet liquidity needs; those additional risks set out in the Company's public documents filed on SEDAR at www.sedar.com; and other matters discussed in this news release. Accordingly, the forward-looking statements discussed in this release may not occur and could differ materially as a result of these known and unknown risk factors and uncertainties affecting the Company. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, the Company disclaims any intention or obligation to update or revise any forward- looking statement, whether as a result of new information, future events, or otherwise.
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1 https://corporate.walmart.com/esgreport/social/safer-healthier-food-other-products |
2 https://www.grandviewresearch.com/industry-analysis/us-confectionery-market |
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