07:13:46 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Blender Bites Ltd
Symbol BITE
Shares Issued 5,702,558
Close 2023-05-31 C$ 3.98
Market Cap C$ 22,696,181
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Blender Bites ships products to Walmart Canada

2023-06-01 11:33 ET - News Release

Ms. Chelsie Hodge reports

BLENDER BITES HITS SHELVES OF WALMART CANADA AFTER SUCCESSFUL COMMERCIALIZATION OF ITS 1-STEP FRAPPE

Blender Bites Ltd., further to its press release dated March 22, 2023, has completed its first ever production run of its newest innovation -- the one-step frappe -- and has shipped its entire product lineup in close to 300 Walmart Canada stores. Products have already hit shelves at some Walmart locations in the country, and replenishment orders have already come in as the retailer prepares for a successful launch.

Walmart Canada, a subsidiary of Walmart Inc., one of the world's largest and most recognizable retail giants, is the first Canadian retailer to carry the company's latest one-step frappe innovation along with its latest smoothie innovations, Tropical Glow and Daily Defen-C. Blender Bites' full product line comprises its first-to-market one-step smoothie innovations -- Power Berry, Green D-Tox, Liquid Sunshine, Tropical Glow and Daily Defen-C -- as well as its brand new one-step frappe innovations -- Vanilla Bean-Bio, Mindful Mocha and Caramel Collagen.

Blender Bites' Walmart Canada listing is the largest in the company's history with the biggest purchase orders received to date. This further demonstrates that the company's innovations are in demand, as more consumers look for organic, better-for-you options with the addition of vitamins and functional ingredients and the reduction of added sugars, calories and carbohydrates. The exposure that comes with a retailer of this size has the potential to generate consistent and solid sales revenues for the company, further advancing it on its path to increased profitability.

The company has already received purchase orders for over 21,000 cases of Blender Bites' products, which are being distributed to close to 200 Canadian locations.

"I couldn't be more thrilled that a retail giant like Walmart sees such immense potential in our one-step smoothie and one-step frappe products. The company has worked diligently over the past year with the innovation of new products and to scale all facets of the business, in preparation for a listing with a retailer of this magnitude. It has taken incredible dedication, efforts and foresight from Blender Bites' management team. In 2023, the company is poised to see some significant momentum in Canada and the U.S., and I believe our shareholders will be the direct beneficiaries of this hard work," commented Chelsie Hodge, Blender Bites founder and chief executive officer.

About Blender Bites Ltd.

Blender Bites is a multiaward-winning Canadian company involved in the development and marketing of a line of functional frozen food products. Blender Bites launched in 2017 and was first to market with a preportioned one-step smoothie product that includes functional ingredients, a blend of whole food vitamins and minerals, and various organic greens. They are free of any unnecessary inner plastic packaging, organic, plant-based, non-GMO (genetically modified organism), gluten-free, dairy-free and soy-free. Its latest innovation, one-step frappe, with half the sugar of the leading frappe and functional ingredients such as adaptogenic mushrooms and probiotics, are set to launch spring of 2023 and are a category disruptor in both Canada and the United States. Blender Bites products are currently distributed throughout North America in both retail and club store channels and have quickly become a leader in the easy smoothie frozen category.

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