Toronto, Ontario–(PR Newswire – March 23, 2022) – Candyverse Brands Inc. (“Candyverse” or the “Company“), is pleased to announce the further expansion of its Better Bears brand within Canada’s largest grocery retailer. Better Bears are now available for the first time in 449 grocery locations across several Canadian provinces. Additionally, Better Bears products are available through this retailer’s large online shopping and loyalty platform.
The Company continues to accelerate retailer acceptance of its Better Bears Mixed Berry, Tropical Citrus and Variety Pack products across Canada. This latest milestone pushes the number of stores to nearly 1,000 retail locations across Canada. The Company plans further expansion of retailers carrying the made in Canada, bursting with flavor alternative to high sugar candy and is on track to be merchandised in more than 1,350 retail locations in Canada by June of 2022.
Jeff O’Neill, President of the Company commented “As more try our Better Bears products, we continue to strategically expand our network of retailers across the country, and our partnership with Canada’s largest grocery chain, provides us with a key national presence. We also look forward to beginning expanding into key US market locations now that we have the Canadian channel working for our customers.”
About Candyverse Brands Inc.
Candverse Brands Inc. is leading the future of snacking through better nutrition and waging an all-out war on sugar. The Company develops, launches and scales uniquely innovative plant-based, low-sugar and planet-friendly snack brands. Candyverse brands and products fill key unmet needs in the skyrocketing revolution in modern nutrition that sees a larger focus on healthier options and better ingredients.
For further information, please contact:
Morgan Knowles
Vice President, Investor Relations
Cautionary Note Regarding Forward–Looking Information
This news release contains forward-looking information. Such forward-looking statements or information are provided for the purpose of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Any such forward-looking information may be identified by words such as “proposed”, “expects”, “intends”, “may”, “will”, and similar expressions. Forward-looking information contained or referred to in this news release includes but is not limited to the Company’s expectations concerning the launch of additional brands and the timing thereof, its expectations regarding consumer snacking habits, as well as all other statements that are not historical in nature.Forward-looking statements or information are based on a number of factors and assumptions which have been used to develop such statements and information, but which may prove to be incorrect. Certain assumptions in respect of continued demand for the Company’s products; that future added production capacity will enable us to increase our sales volume, that we do not experience material interruptions or supply chain failures as a result of COVID-19, our ability to retain key personnel, the availability of labour, and changes and trends in our industry or the global economy are material assumptions made in preparing forward-looking statements or information and management’s expectations. Although the Company believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because the Company can give no assurance that such expectations will prove to be correct. Factors that could cause actual results to differ materially from those described in such forward- looking information include, but are not limited to: changes in consumer demand, negative cash flow and future financing requirements to sustain operations; dilution; limited history of operations and revenues and no history of earnings or dividends; competition; economic changes; regulatory changes in the Company’s primary markets and the impact of and risks associated with the ongoing COVID-19 pandemic, including the risk of disruption at the Company’s contracted production facilities or in its supply and distribution channels. The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company.Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.
