VANCOUVER, BC, November 26, 2021 / CNW / – Yumy Bear Goods Inc., (CSE: YUMY) (“Yumy Bear” or the “Company”) received their first order form for their “Better For You” low-sugar confectionery in one of the from Canada larger drugstore chains. With more than 800 stores across the country, this chain is one of the from Canada leading independent drugstore and drugstore retailers. Since its founding in 1981, the company has focused on building a nationwide platform of community-based retail outlets designed to provide customers with exceptional service, products and advice.
“To date, this is the largest retail placement and achievement in our business. This is a game-changing supplier who will help take Yumy Bear to the next level. The deployment in one of the largest chains in the country shows that there is an active gap in the confectionery space that we fill. We plan to have high sales and with this increased in-store presence, be able to add larger suppliers to our business. We are very proud of the progress we have made in this short period of time, but we expect much more in the months to come ”, says the CEO and Founder, Erica Williams.
The company’s stores operate independently and range in size from small dispensaries to large-format home care pharmacies. Each region has a board of directors as well as representation on the national board. The company’s business model is self-government, where pharmacy owners are elected to sit on its regional boards of directors. In this way, the needs of the owners are served by other owners, and not by a separate legal person. The success of this model has played an important role in attracting new members and the growing number of stores across the country.
“When we launched Yumy Bear, we knew pharmacies were going to be a key supplier. I am proud to say that we have really started to execute our deployment plan in the best pharmacies in the country. Being involved in the food industry for years now, I can really say that this is an important milestone for our business and that it is a great sign of things to come ”, says the director, Cassidy mccord.
Yumy Bear is a low-sugar, health-conscious plant-based confectionery company based in Vancouver, British Columbia and it has developed a portfolio of healthier gelatin-free candies made from non-GMO ingredients with exclusive recipes. All of its products are free from gelatin, soy, gluten, nuts, dairy products, eggs, sugar alcohols, artificial sweeteners and genetically modified organisms.
Caution regarding forward-looking information
Except for statements of historical fact, this press release contains “forward-looking information” within the meaning of applicable securities laws. The information contained in this press release concerning the future plans and objectives of the Company is forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of the management of the Company at the time they were made, and involves known and unknown risks, uncertainties and other factors which may cause results, performance or actual achievements of the Company significantly different from the future results, performances or achievements expressed or implied by this forward-looking information. These factors include, among others: general business, economic and social uncertainties; the local and global market and economic uncertainties arising from the COVID-19 pandemic; litigation, availability of key product ingredients, legislative, environmental and other legal, regulatory, political and competitive developments; the ability to effectively expand manufacturing and production capacity; the ability to secure retail partners to distribute the Company’s products, the success of market initiatives and the ability to build brand awareness; the ability to attract, maintain and expand relationships with key strategic suppliers; our ability to predict consumer taste preferences; delay or failure to receive regulatory approvals; the adequacy of our cash flow to meet liquidity needs; additional risks set out in the Company’s public documents filed on SEDAR at www.sedar.com; and other matters discussed in this press release. Accordingly, the forward-looking statements discussed in this press release may not occur and could differ materially due to these known and unknown risk factors and uncertainties affecting the Company. Although the Company believes that the assumptions and factors used in the preparation of forward-looking statements are reasonable, one should not place undue reliance on such statements, which speak only as of the date of this press release, and no Assurance cannot be given that such statements events will occur within the disclosed time frame or not at all. Except as 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.
SOURCE Yumy Bear Goods Inc.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2021/26/c7358.html