Nightfood Holdings (OTCQB: NGTF), the fast-growing ice
cream company addressing America’s $50 billion nighttime snacking problem, this
morning announced that its products have officially hit the shelves in various
locations of its newest supermarket chain distribution partner. The company is
currently awaiting approval from the supermarket chain to make a public
announcement including the name of its new partner, although many consumers and
investors have discovered the product on shelves at the retailer. The full
rollout of Nightfood’s product at the 250+ stores is anticipated to be complete
within the next two weeks. Additionally, NGTF management is presently involved
in discussions and meetings with 12-18 additional supermarket chains and
believes the brand will procure distribution in thousands more supermarket
outlets by March 31, 2020. “We submitted the draft news release for approval
earlier this month, and we’d prefer to have already made the announcement,”
Nightfood CEO Sean Folkson stated in the news release. “We will not risk our
relationship by making the announcement before it’s approved by our partner.
This is a major subsidiary of a massive public company, and these things can
take time. Even though we can’t name the chain yet, we’re making this
announcement to let everybody know the product is already on many shelves in
our new chain. Many investors have been contacting us expressing concern that
no formal announcement meant the distribution was falling through.”
To view the full press release, visit http://ibn.fm/8MMsC
About Nightfood Holdings
Nightfood Holdings owns Nightfood, Inc. and MJ Munchies,
Inc. On Feb 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. On June 27, 2019, Nightfood announced it had won Best New Ice
Cream in the 2019 World Dairy Innovation Awards. With the overwhelming majority
of at-home ice cream consumption occurring in the hours before bed, Nightfood
believes its sleep-friendly nighttime ice cream, formulated by sleep and
nutrition experts, is the next evolution in the significant better-for-you ice
cream category. Market research giant Mintel identified nighttime specific food
and beverages as one of their most “compelling and category changing” trends
for the coming years. After manufacturing their first pint in early 2019,
Nightfood ice cream is quickly establishing widespread national distribution.
The brand has recently announced distribution in four of the top fifty
supermarkets in the United States. This includes over 100 locations of the
Meijer supermarket chain throughout the Midwest, with concentration around the
metropolitan areas of Chicago, Detroit, Indianapolis, Columbus, and Milwaukee,
as well as Lowe’s Foods, with 78 stores in the Carolinas. 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 is seeking licensing opportunities to market
such products under the brand name “Half-Baked”, for which they’ve successfully
secured trademark rights. For more information, or to enter the Nightfood® Ice
Cream Giveaway where the company is giving away a one-year supply of Nightfood
ice cream, plus a brand-new freezer to store it in, visit http://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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