Sees a significant increase in demand from new and existing sales channels
VANCOUVER, BC / ACCESS CABLE / July 21, 2022 / Blender Bites Ltd. (the “Company“, “blender bites” either “Blender“), (CSE:TO BITE)(FWB:JL4)(WKN:A3DMEJ), an award-winning Canadian company involved in the development and marketing of a line of premium organic and plant-based frozen pre-portioned functional foods, is pleased to announce that it is anticipating a possible graduation from its listing on a major exchange. , a move the Company believes will allow it to expand its funding opportunities by attracting both institutional and retail investors, and will also further the Company’s growth and expansion.
Blender Bites has seen rapid progress over the past year, especially during the first two quarters of 2022, as demand from existing and new sales channels increased significantly. The Company anticipates further strong growth going forward based on management’s 2022 production order projections from major distribution and retail stores in Canada and the United States.
Listing on a major stock exchange would demonstrate our commitment and determination to increase shareholder value while enhancing our exposure by increasing our audience of investors,” said Nima Bahrami, Director of the company.
Readers are cautioned that while the Company is considering a possible graduation of its listing, no request for listing has been sent to any other Values exchange at this time, nor has the Company made any decision to proceed with a request for listing. Completion of any graduation is subject to regulatory approval and compliance with applicable listing requirements. There can be no guarantee that a graduation will take place, or that consolidation will result in the Company meeting applicable listing requirements.
Prior to completing any new listing request, the Company will be required to prepare and submit an annual information form, secure additional financing to meet working capital requirements, demonstrate continued revenue growth and the ability to generate profit from operations, and satisfy public distribution requirements. .
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ABOUT BLENDER BITES
Blender Bites is an award-winning Canadian company involved in the development and marketing of a line of premium frozen food products with a focus on functionality. Blender Bites was founded in 2016 and was the first to market in Western Canada with a pre-portioned “easy shake” product that has no unnecessary internal plastic packaging. Blender Bites products are certified organic, vegan, non-GMO, gluten free, dairy free, and soy free. They contain no added sugars and are made in Canada. Blender Bites products are distributed internationally in Canada and the US, and are currently sold in over 900 stores including Sobeys, Loblaws, Safeway, Save on Foods, Real Canadian Superstore, Whole Foods Market, To buy-Low/Nesters, IGA, Thrifty and Fresh Street.
On behalf of the Board of Directors,
blender bites limited
Chelsie Hodge, CEO
For more information, contact the Blender IR team at:
Email – [email protected]
Phone – 1-888-997-2055
PREVENTIVE LIABILITY EXEMPTION STATEMENT
This press release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements are necessarily based on various estimates and assumptions that, while believed to be reasonable, are subject to known and unknown risks, uncertainties and other factors that may cause actual results and future events to differ materially from those expressed. or implied by such forward-looking statements. Such factors include, among others, business, economic, competitive, political and general social uncertainties, and uncertain capital markets. Readers are cautioned that actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. 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, except as required by law.
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