VANCOUVER, BC, December 10, 2021 / CNW / – Yumy Bear Goods Inc., (CSE: YUMY) (“Yumy Bear” or the “Company”) announces that it has temporarily sold out its popular strawberry peach and kiwi flavors. The company recently received a surge of orders from big chains across the country, prompting a temporary sale of its popular strawberry peach and kiwi flavors. The active shortage in the company’s inventory compared to standard operating procedure is estimated at 230,000 individual units. The Company is actively working on production solutions to provide an offer that meets growing demand.
“As soon as we launched Yumy Bear, we knew there would be significant demand for our products, but in reality it far exceeded our expectations. Earlier in the year, we increased our production capacity in anticipation of growing demand that we are currently overwhelmed. However, we are currently discussing with other alternative installations to meet consumer / retailer demand and are expecting a solution very soon, ”says CEO and Founder, Erica Williams.
“Yumy Bear is a very versatile product that fits almost every category and retailer we knew when we launched our product. However, the gap in the ‘Better for You’ candy market is even greater. as our market research. Retailers are rapidly accepting product launches and pilot programs in their stores, in which we find that our growth over the past period has exceeded all expectations. Consumer purchases are above standards industry, which clearly shows that customers appreciate our product ”, comments Cassidy mccord, Director.
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, but are not limited to: 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.
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