Nightfood
Holdings (OTCQB: NGTF), the innovative company addressing America’s $50
billion annual night snacking spend, today announced that the company has hired
Lionel Binnie, founder of MSourceIdeas, to expand its distribution and increase
its partnerships in non-traditional retail channels. Nightfood plans to target
the campus retail and hospitality industries through corporate relationships,
led by Binnie, and by working with the local distribution centers and brokers
to add further accounts. The company recently entered a partnership with a
national wholesale distributor that services around 2,600 college campuses and
thousands more hotel locations across the United States. Nightfood intends to
leverage this new distribution capability to supplement the roll-out of
Nightfood ice cream through supermarket locations. “These alternative retail
channels can not only enhance sales volume, but also provide exceptional brand
visibility for us,” NGTF CEO Sean Folkson said in the news release. “We have
concepts in place for hotel partnerships, in particular, that we’re very
excited about. We expect that adding Lionel to the team will accelerate this
process and eliminate the learning curve.”
To view the full press release, visit http://ibn.fm/C5N2G
About Nightfood Holdings
Nightfood Holdings, Inc. owns Nightfood, Inc. and MJ
Munchies, Inc. 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. Nightfood
also won Best New Ice Cream and Best Dairy Dessert at 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. Since manufacturing their first pint in early 2019, Nightfood has
established distribution in four of the top fifty supermarket chains 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, Lowe’s Foods, with 78
stores in the Carolinas, and Harris Teeter, with over 250 locations in North
Carolina, South Carolina, Virginia, Georgia, Maryland, Delaware, Florida, and
the District of Columbia. 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, 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
About QualityStocksNewsBreaks
QualityStocksNewsBreaks provide
a rapid summary of corporate news that catch the attention of QualityStocks.
QualityStocksBreaks are designed to keep investors up to date on important and
breaking news in the small-cap and micro-cap markets. Spanning all industries,
including energy, entertainment, telecommunications, healthcare, retail and
more, these news breaks deliver opportunities the investment community may have
missed. Whether it is earnings results, mergers and acquisitions, or any other
market-moving news, our news breaks keep you in the know. QualityStocks is
committed to connecting subscribers with companies that have huge potential to
succeed in the short and long-term future. It is part of our mission statement
to help the investment community discover emerging companies that offer
excellent growth potential.
QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Please see full terms of use and disclaimers on the
QualityStocks website applicable to all content provided by QS, wherever
published or re-republished: http://www.qualitystocks.net/disclaimer.php
No comments:
Post a Comment