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Yumy Candy Company Inc (The)
Symbol TYUM
Shares Issued 27,488,132
Close 2023-05-19 C$ 0.55
Market Cap C$ 15,118,473
Recent Sedar Documents

ORIGINAL: YUMY CANDY BEGINS ITS USA LAUNCH INTO ONE OF THE LARGEST SUPERMARKET CHAINS IN NORTH AMERICA, ALBERTSONS

2023-05-19 16:20 ET - News Release

VANCOUVER, BC, May 19, 2023 /PRNewswire/ - The Yumy Candy Company Inc., (CSE: TYUM) ("Yumy" or the "Company"), Canada's first publicly traded low sugar, plant-based confectionery company, is pleased to announce the launch of its products into one of largest supermarket chain's in North America, Albertsons. Albertson's became the second largest supermarket chain in North America after merging with Safeway currently operating 2,270 retail food and drug stores with 1,720 pharmacies, 402 associated fuel centers, 22 dedicated distribution centers and 19 manufacturing facilities. The Company operates stores across 34 states and the District of Columbia with 24 banners including Albertson's, Safeway, Vons, Jewel-Osco, Shaw's, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen, Carrs, Kings Food Markets and Balducci's Food Lovers Market. This achievement is part of the Company's US sales expansion plan to make its delicious and innovative candy products more accessible to consumers nationwide.

Yumy Candy Logo (CNW Group/The Yumy Candy Company Inc.)

The Company has launched its products into locations across California with the intent to launch into additional States and SKUs over the next 12 months. The stores have opted in for a display shipper which showcases a feature stand for the Yumy products, achieving additional floor space and marketing for the brand while achieving a minimum order per store. Shoppers in-store will be able to purchase and enjoy the Yumy Candy products, specifically the Peach, and Strawberry Kiwi and Sour Watermelon bears.

In addition to the Albertson's location, a portfolio company Pavilions will be rolling out the products as well. Pavilions is a grocery store banner used by Vons, a supermarket division of Albertsons in Southern California. Pavilions markets are more upscale and feature a larger selection of organic food, wine, and other specialty foods. All Yumy products are vegan, low-sugar and gluten-free offering customers a healthier choice to traditional candy. The Company has established this valuable relationship in prediction of a successful launch into other retail chains within the Albertson's and Safeway group, in California as well as other regions within the United States. The Company aims to increase market share by partnering with this reputable company, which is well known in the grocery industry across North America.

"This is truly a milestone achievement for our company. Being on the shelves of one of the top grocers in North America as one of our first retailers is a sign of the strength of the Brand and quality of our products that we have built. We are thrilled to have our products accepted into Albertson's stores across California as this Segway's into a larger opportunity with the affiliated retail chains and other regions across the North America" said Erica Williams, CEO of The Yumy Candy Company. "Our sales and distribution partners truly believe our candy products offer a unique value proposition to our customers providing a healthier, better-tasting treat. We continue to see rapid acceptance into retail giants such as Albertson's, further proving demand for our better-for-you products in the grocery aisle."

The Company's health and wellness values align with recent ventures of Albertson's, providing even more room for growth and continued expansion within the chain. Albertson's recently launched Sincerely Health, a platform built in collaboration with healthcare providers, insurance companies and technology organizations who share a broader purpose to improve the health and well-being of every community they serve. The teams also gleaned valuable insights gathered from over 10,000 customers and associates.

"We are introducing Sincerely Health with a singular intention to improve lives," said Omer Gajial, Chief Digital Officer and EVP Health at Albertsons Cos. "As a grocery and pharmacy retailer committed to the health and wellness of our communities, we are empowering customers to have a connected and personalized view of their health across food, nutrition, activity, mental well-being and pharmacy services, enabling them to make more informed choices."

The launch of Yumy Candy products in Albertsons and Safeway stores is just the latest example of the company's continued growth and expansion. With a focus on innovation and quality, the Company is poised to become a leading player in the candy industry.

About Albertsons Companies, Inc. 
Albertsons Companies is a leading food and drug retailer in the United States. As of December 3, 2022, the Company operated 2,270 retail food and drug stores with 1,720 pharmacies, 402 associated fuel centers, 22 dedicated distribution centers and 19 manufacturing facilities. The Company operates stores across 34 states and the District of Columbia with 24 banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen, Carrs, Kings Food Markets and Balducci's Food Lovers Market. The Company is committed to helping people across the country live better lives by making a meaningful difference, neighborhood by neighborhood. In 2021, along with the Albertsons Companies Foundation, the Company contributed nearly $200 million in food and financial support, including approximately $40 million through our Nourishing Neighbors Program to ensure those living in our communities have enough to eat.

Yumy Bear is an affordable health-conscious low-sugar plant-based confectionery company based in Vancouver, British Columbia and it has developed a portfolio of healthier gelatine-free candies made from non-GMO ingredients with proprietary recipes. All of its products are free of gelatin, soy, gluten, nuts, dairy, eggs, sugar alcohols, artificial sweeteners and genetically modified organisms.

Cautionary Statement Regarding Forward-Looking Information

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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