Nightfood Holdings Inc. (OTCQB: NGTF), the innovative
company solving America’s $50 billion nighttime snacking problem, this morning
issued a recap of its quarterly investor conference call held May 28, 2019. On
the call, Nightfood CEO Sean Folkson answered investor questions covering a
variety of topics, including initial sales velocity and the national rollout of
Nightfood ice cream; the Nightfood influencer program; growth financing; the
ice cream competitive landscape; company profitability targets; its
research & development pipeline; and MJ Munchies and the Half-Baked brand
of cannabis edibles. In regard to distribution targets, Folkson noted, “We are
very much on track for our distribution goals. In fact, we project month over
month revenue growth that will have us doing our first million dollar quarter
this year, and also, I believe, our first three million dollar quarter this
year, 2019.”
A full replay of the investor call is now available for
review at www.SmallCapVoice.com/NGTF
To view the full press release, visit http://ibn.fm/VAJF4
About Nightfood Holdings
Nightfood Holdings Inc. owns Nightfood Inc. and MJ Munchies
Inc. On February 8, 2019, it was announced that Nightfood ice cream won the
‘2019 Product of the Year’ award in the ice cream category in a Kantar survey
of over 40,000 consumers. With the overwhelming majority of at-home ice cream
consumption occurring in the hours before bed, Nightfood’s sleep-friendly
nighttime ice cream, formulated by sleep and nutrition experts, delivers
benefits found in no other product on the market. Market research giant Mintel
recently released a report identifying nighttime specific food and beverages as
one of their most “compelling and category changing” trends for the coming years.
Nightfood ice cream is rolling out nationally and has recently announced
distribution in the popular Meijer supermarket chain throughout the Midwest,
with concentration in the metropolitan areas of Chicago, Detroit, Indianapolis,
Columbus, and Milwaukee, as well as Lowes Foods, with 78 stores in the
Carolinas and Virginia. MJ Munchies Inc. was formed in 2018 as a new, wholly
owned subsidiary of Nightfood Holdings Inc. to capitalize on legally compliant
opportunities in the CBD and marijuana edibles and related spaces. The company
intends to market some of these new products under the brand name “Half-Baked”,
for which they’ve successfully secured trademark rights. For more information,
visit the company’s website at www.Nightfood.com
NOTE TO INVESTORS: The latest news and updates
relating to NGTF are available in the company’s newsroom at http://ibn.fm/NGTF
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