Blender Bites Marks Milestone Achievements Whereas Transitioning to Main Manufacturing Stage

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VANCOUVER, British Columbia, Might 07, 2022 (GLOBE NEWSWIRE) — Blender Bites Ltd. (the “Firm”, “Blender Bites” or “Blender”), (CSE: BITE, FWB: JL40, WKN: A3DWAM), an award-winning Canadian firm concerned within the improvement and advertising of a line of premium, natural and plant-based pre-portioned frozen purposeful meals, is happy to supply a abstract of among the Firm’s distinctive achievements since going public in September 2021. Latest achievements embody recording breaking gross sales revenues, considerably elevated buy order numbers, the bolstering of its extraordinarily skilled and female-led administration group, and its recognition amongst Canadian shoppers as probably the most modern and applauded product for 2022 within the frozen purposeful meals house.

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HIGHLIGHTS

File Gross sales Income
Since itemizing publicly in September 2021, Blender Bites’ gross sales have soared, reaching report revenues. The Firm’s exponential enhance in revenues is a results of a myriad of variables, most notable being administration’s implementation and execution of an aggressive advertising program designed to extend model recognition and seize outstanding illustration in North America’s quickly rising purposeful beverage market.

The Firm is assured that there’s nice potential for continued upward developments in gross sales revenues, as roll out of its aggressive advertising and gross sales technique, which continues to be in its infancy, continues to progress (see “Intensive Growth and Entrance in New Markets” highlights under).

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Upward Development in Client Demand

Over the seven month interval since itemizing publicly, the Firm has additionally witnessed a major enhance in client demand for its modern smoothie pucks, with buy orders coming in from an ever growing variety of main distributors and main retailers. From September 1, 2021 to April 30, 2022, the Firm has fulfilled buy orders (“orders”) totaling 398,700 models (1 unit = 1 bag of 6 pucks, or 2,392,200 puck) of its smoothie pucks, whereas the total twelve (12) month interval main as much as the Firm’s ‘go public’ date solely noticed orders of 68,480 models (or 410,880 pucks). The Firm anticipates that the present uptake in gross sales that’s being witnessed will proceed on an upward development as client demand continues to develop. With current manufacturing optimizations, the Firm is effectively ready to capitalize on the chance.

Article content material

Intensive Canadian Growth and Entrance into US New Market
The Firm’s growth technique has additionally been very profitable, with illustration in a lot of Canada’s largest and most acknowledged grocery retail shops considerably growing. Taking the Firm from a non-public entity to a publicly traded entity in September 2021, distribution channels have elevated from 700 grocery stores, to effectively over 900 together with Sobeys, Loblaws, Actual Canadian Superstore, Safeway, Zehr’s, Thrifty Meals, Save on Meals, Entire Meals Market, Purchase-Low/Nesters, and IGA. Distribution has additionally been considerably augmented since establishing a presence on the planet’s largest membership retailer chain shops in Japanese Canada. The huge enhance within the breadth of its community of gross sales factors throughout Canada has attributed significantly to the Firm’s strong income development.

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On February 1, 2022, the Firm introduced the introduction of Blender Bites merchandise into the US retail market, with first orders fulfilled to provide the US’ Southwest Division (the “Division”) membership shops of the world’s largest membership retailer chain. This milestone marked the primary time the Blender Bites’ model hit cabinets within the US, with Energy Berry smoothie pucks accessible in 41 warehouses throughout the Division together with shops in Texas, Louisiana, Oklahoma and Arkansas. The Firm appears to be like to construct upon this success by the institution of relationships with further grocery retail and membership shops, a lot of which at the moment are within the works with gross sales pending.

Sturdy Feminine-led Administration Group
The Firm’s spectacular development lend credit score to Blender’s female-led administration group comprised of extremely proficient client packaged items (CPGs) business professionals. Blender has lately appointed Ms. Arinn Ryan because the Director of Advertising, hailing from over a decade of expertise at a world advertising company and most lately a US primarily based frozen, plant-based CPG firm, Alpha Meals. Because the Director of High quality Assurance & Meals Security, Carol Yung Munro is in control of creating and making certain insurance policies, methods and testing methodologies that guarantee Blender’s operations and merchandise meet regulatory compliance and requirements. Main this outstanding group is Chelsie Hodge, the Firm’s founder and CEO. Chelsie brings a novel talent set to the desk with over a decade of expertise within the high-growth plant-based CPG sector, paired with over fifteen years in capital markets. Chelsie has a wealth of information in product improvement and manufacturing, to gross sales and enterprise improvement; making her a powerful chief to take Blender Bites into worldwide markets.

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Award Profitable Product
One of many Firm’s current prized possession is the 2022 Product of The Yr (“POY”) Canada Award. The Product of the Yr Canada Award is the most important consumer-voted award for product innovation bestowed upon Canadian client product firms. A survey by Kantar required 4,000 Canadian shoppers to vote on their modern product of selection in a selected class primarily based on seven (7) key efficiency indicators, inclusive of ‘attraction’, ‘satisfaction’, ‘advocacy’, ‘buy curiosity’, ‘uniqueness’, ‘relevance’ and ‘pleasure’. Blender Bites merchandise emerged because the winner within the Frozen Meals/Wholesome Beverage class. Included together with the nomination course of, Blender Bites had the chance to take part in a pattern program, permitting shoppers to check and supply trustworthy suggestions on the innovation. Blender Bites was extremely obtained as 91% of respondents gave 5 or 4 stars with a 96% suggestion price. Product of The Yr Award is at the moment working in over 40 nations with the identical goal.

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“Blender Bites has had its most transformative 12 months to this point, and we’re extremely happy with the sturdy manufacturing targets we’re constantly reaching. I’m very assured that with our current additions of huge quantity retailer companions, newly appointed govt group, thrilling innovation and secondary distribution channels; the corporate will proceed to see exponential development of its buy orders,” acknowledged Chelsie Hodge, the Firm’s CEO and Founder.

ABOUT BLENDER BITES
Blender Bites is an award-winning Canadian firm concerned within the improvement and advertising of a line of premium frozen meals merchandise with a concentrate on performance. Blender Bites was based in 2016 and was first to market in Western Canada with a pre-portioned “straightforward smoothie” product that is freed from any pointless internal plastic packaging. Blender Bites merchandise are licensed natural, vegan, non-GMO, gluten free, dairy free and soy free. They comprise no added sugars and are made in Canada. Blender Bites merchandise are distributed internationally throughout Canada and the US, and are at the moment offered in over 900 shops, together with Sobeys, Loblaws, Safeway, Save on Meals, Actual Canadian Superstore, Entire Meals Market and Thrifty Meals.

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On behalf of the Board of Administrators,
Blender Bites Restricted

Chelsie Hodge, Chief Govt Officer

For additional data, contact Blender IR Group at:

E-mail – buyers@blenderbites.com
Phone – 1-888-997-2055

CAUTIONARY DISCLAIMER STATEMENT
This information launch contains sure “forward-looking statements” below relevant Canadian securities laws. Ahead-looking statements are essentially primarily based upon a number of estimates and assumptions that, whereas thought-about affordable, are topic to identified and unknown dangers, uncertainties, and different elements which can trigger the precise outcomes and future occasions to vary materially from these expressed or implied by such ahead wanting statements. Such elements embody, however aren’t restricted to normal enterprise, financial, aggressive, political, and social uncertainties, and unsure capital markets. Readers are cautioned that precise outcomes and future occasions might differ materially from these anticipated in such statements. Accordingly, readers shouldn’t place undue reliance on forward-looking statements. The Firm disclaims any intention or obligation to replace or revise any forward-looking statements, whether or not on account of new data, future occasions or in any other case, besides as required by legislation.

A photograph accompanying this announcement is obtainable at https://www.globenewswire.com/NewsRoom/AttachmentNg/71fab83c-f5ec-4814-8142-f44774cde81d

Article content material

VANCOUVER, British Columbia, Might 07, 2022 (GLOBE NEWSWIRE) — Blender Bites Ltd. (the “Firm”, “Blender Bites” or “Blender”), (CSE: BITE, FWB: JL40, WKN: A3DWAM), an award-winning Canadian firm concerned within the improvement and advertising of a line of premium, natural and plant-based pre-portioned frozen purposeful meals, is happy to supply a abstract of among the Firm’s distinctive achievements since going public in September 2021. Latest achievements embody recording breaking gross sales revenues, considerably elevated buy order numbers, the bolstering of its extraordinarily skilled and female-led administration group, and its recognition amongst Canadian shoppers as probably the most modern and applauded product for 2022 within the frozen purposeful meals house.

Article content material

HIGHLIGHTS

File Gross sales Income
Since itemizing publicly in September 2021, Blender Bites’ gross sales have soared, reaching report revenues. The Firm’s exponential enhance in revenues is a results of a myriad of variables, most notable being administration’s implementation and execution of an aggressive advertising program designed to extend model recognition and seize outstanding illustration in North America’s quickly rising purposeful beverage market.

The Firm is assured that there’s nice potential for continued upward developments in gross sales revenues, as roll out of its aggressive advertising and gross sales technique, which continues to be in its infancy, continues to progress (see “Intensive Growth and Entrance in New Markets” highlights under).

Article content material

Upward Development in Client Demand

Over the seven month interval since itemizing publicly, the Firm has additionally witnessed a major enhance in client demand for its modern smoothie pucks, with buy orders coming in from an ever growing variety of main distributors and main retailers. From September 1, 2021 to April 30, 2022, the Firm has fulfilled buy orders (“orders”) totaling 398,700 models (1 unit = 1 bag of 6 pucks, or 2,392,200 puck) of its smoothie pucks, whereas the total twelve (12) month interval main as much as the Firm’s ‘go public’ date solely noticed orders of 68,480 models (or 410,880 pucks). The Firm anticipates that the present uptake in gross sales that’s being witnessed will proceed on an upward development as client demand continues to develop. With current manufacturing optimizations, the Firm is effectively ready to capitalize on the chance.

Article content material

Intensive Canadian Growth and Entrance into US New Market
The Firm’s growth technique has additionally been very profitable, with illustration in a lot of Canada’s largest and most acknowledged grocery retail shops considerably growing. Taking the Firm from a non-public entity to a publicly traded entity in September 2021, distribution channels have elevated from 700 grocery stores, to effectively over 900 together with Sobeys, Loblaws, Actual Canadian Superstore, Safeway, Zehr’s, Thrifty Meals, Save on Meals, Entire Meals Market, Purchase-Low/Nesters, and IGA. Distribution has additionally been considerably augmented since establishing a presence on the planet’s largest membership retailer chain shops in Japanese Canada. The huge enhance within the breadth of its community of gross sales factors throughout Canada has attributed significantly to the Firm’s strong income development.

Article content material

On February 1, 2022, the Firm introduced the introduction of Blender Bites merchandise into the US retail market, with first orders fulfilled to provide the US’ Southwest Division (the “Division”) membership shops of the world’s largest membership retailer chain. This milestone marked the primary time the Blender Bites’ model hit cabinets within the US, with Energy Berry smoothie pucks accessible in 41 warehouses throughout the Division together with shops in Texas, Louisiana, Oklahoma and Arkansas. The Firm appears to be like to construct upon this success by the institution of relationships with further grocery retail and membership shops, a lot of which at the moment are within the works with gross sales pending.

Sturdy Feminine-led Administration Group
The Firm’s spectacular development lend credit score to Blender’s female-led administration group comprised of extremely proficient client packaged items (CPGs) business professionals. Blender has lately appointed Ms. Arinn Ryan because the Director of Advertising, hailing from over a decade of expertise at a world advertising company and most lately a US primarily based frozen, plant-based CPG firm, Alpha Meals. Because the Director of High quality Assurance & Meals Security, Carol Yung Munro is in control of creating and making certain insurance policies, methods and testing methodologies that guarantee Blender’s operations and merchandise meet regulatory compliance and requirements. Main this outstanding group is Chelsie Hodge, the Firm’s founder and CEO. Chelsie brings a novel talent set to the desk with over a decade of expertise within the high-growth plant-based CPG sector, paired with over fifteen years in capital markets. Chelsie has a wealth of information in product improvement and manufacturing, to gross sales and enterprise improvement; making her a powerful chief to take Blender Bites into worldwide markets.

Article content material

Award Profitable Product
One of many Firm’s current prized possession is the 2022 Product of The Yr (“POY”) Canada Award. The Product of the Yr Canada Award is the most important consumer-voted award for product innovation bestowed upon Canadian client product firms. A survey by Kantar required 4,000 Canadian shoppers to vote on their modern product of selection in a selected class primarily based on seven (7) key efficiency indicators, inclusive of ‘attraction’, ‘satisfaction’, ‘advocacy’, ‘buy curiosity’, ‘uniqueness’, ‘relevance’ and ‘pleasure’. Blender Bites merchandise emerged because the winner within the Frozen Meals/Wholesome Beverage class. Included together with the nomination course of, Blender Bites had the chance to take part in a pattern program, permitting shoppers to check and supply trustworthy suggestions on the innovation. Blender Bites was extremely obtained as 91% of respondents gave 5 or 4 stars with a 96% suggestion price. Product of The Yr Award is at the moment working in over 40 nations with the identical goal.

Article content material

“Blender Bites has had its most transformative 12 months to this point, and we’re extremely happy with the sturdy manufacturing targets we’re constantly reaching. I’m very assured that with our current additions of huge quantity retailer companions, newly appointed govt group, thrilling innovation and secondary distribution channels; the corporate will proceed to see exponential development of its buy orders,” acknowledged Chelsie Hodge, the Firm’s CEO and Founder.

ABOUT BLENDER BITES
Blender Bites is an award-winning Canadian firm concerned within the improvement and advertising of a line of premium frozen meals merchandise with a concentrate on performance. Blender Bites was based in 2016 and was first to market in Western Canada with a pre-portioned “straightforward smoothie” product that is freed from any pointless internal plastic packaging. Blender Bites merchandise are licensed natural, vegan, non-GMO, gluten free, dairy free and soy free. They comprise no added sugars and are made in Canada. Blender Bites merchandise are distributed internationally throughout Canada and the US, and are at the moment offered in over 900 shops, together with Sobeys, Loblaws, Safeway, Save on Meals, Actual Canadian Superstore, Entire Meals Market and Thrifty Meals.

Article content material

On behalf of the Board of Administrators,
Blender Bites Restricted

Chelsie Hodge, Chief Govt Officer

For additional data, contact Blender IR Group at:

E-mail – buyers@blenderbites.com
Phone – 1-888-997-2055

CAUTIONARY DISCLAIMER STATEMENT
This information launch contains sure “forward-looking statements” below relevant Canadian securities laws. Ahead-looking statements are essentially primarily based upon a number of estimates and assumptions that, whereas thought-about affordable, are topic to identified and unknown dangers, uncertainties, and different elements which can trigger the precise outcomes and future occasions to vary materially from these expressed or implied by such ahead wanting statements. Such elements embody, however aren’t restricted to normal enterprise, financial, aggressive, political, and social uncertainties, and unsure capital markets. Readers are cautioned that precise outcomes and future occasions might differ materially from these anticipated in such statements. Accordingly, readers shouldn’t place undue reliance on forward-looking statements. The Firm disclaims any intention or obligation to replace or revise any forward-looking statements, whether or not on account of new data, future occasions or in any other case, besides as required by legislation.

A photograph accompanying this announcement is obtainable at https://www.globenewswire.com/NewsRoom/AttachmentNg/71fab83c-f5ec-4814-8142-f44774cde81d