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    BITE   CA09353K2083

BLENDER BITES LIMITED

(BITE)
Delayed CANADIAN NATIONAL STOCK EXCHANGE  -  05/19 03:59:59 pm EDT
0.7800 CAD   +16.42%
05/09Blender Bites Highlights Achievements Since Going Public in September 2021
MT
05/07Blender Bites Marks Milestone Achievements While Transitioning to Major Production Stage
AQ
04/21Eastern Region Canadian Club Store Division Increases Order of Blender Bites' Award-Winning Smoothie Innovation by 40%
AQ
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Blender Bites Limited Makes It into the US Market, Set to Deliver First Product to Leading Grocery Chain

12/06/2021 | 01:39pm EDT

Blender Bites Ltd. announce that the Company has achieved a significant milestone receiving its first purchase orders from the Southwest Division of the club store chain for a club size pack of its Power Berry superfood smoothie pucks. The United States represents a significant retail grocery market segment and will serve as a focal point for Blender's continued growth. The success the Company is witnessing in Canada is proving out its business model and is the foundation upon which it will stand and approach its US expansion efforts. The Company anticipates further expansion with the broader US club store distribution networks and will also continue to leverage its existing partnerships with its US retail brokers to increase representation at brick and mortar, as well as online grocery retail banners. Leading from Blender Bites' successful launch into the chain's Canadian club stores in September of this year, US based club stores are now showing interest in carrying the Company's product. The Southwest Division of the club store chain is the first division to confirm a purchase order with Company and marks the entrance of the Blender Bites brand into US club store market. This first purchase order is a monumental step in the Company's aggressive US expansion plans. Blender Bites is the first innovation of its kind to hit the US marketplace. This first mover advantage is paramount in securing listings with the top retailers in the country, many of whose consumers are looking for innovative product solutions with reduced sugar and increased nutritional density. Power Berry flavour smoothie pucks are Blender Bites' best-selling flavour across all retail distribution partners and are the perfect introduction for US-based club stores, providing a great opportunity to enhance the Company's US consumer base and significantly increase US sales revenues. Blender Bites' Power Berry formulation is comprised of 15 essential plant-based vitamins and minerals derived from whole fruits and vegetables, contains energizing B vitamins and is high in antioxidants. With the New Year in near sight, the release of the Power Berry antioxidant superfood smoothie pucks, in a club sized pack, are a convenient and functional option for consumers looking to make small yet impactful changes in their eating habits.


© S&P Capital IQ 2021
All news about BLENDER BITES LIMITED
05/09Blender Bites Highlights Achievements Since Going Public in September 2021
MT
05/07Blender Bites Marks Milestone Achievements While Transitioning to Major Production Stag..
AQ
04/21Eastern Region Canadian Club Store Division Increases Order of Blender Bites' Award-Win..
AQ
04/18Blender Bites Announces Reorder of Award Winning One Step Smoothie Innovation by Southw..
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03/30Blender Bites Limited Reports Earnings Results for the First Quarter Ended January 31, ..
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03/07Vejii Holdings Ltd. Signs an Agreement with Blender Bites Ltd
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02/28Blender Bites Limited Reports Earnings Results for the Full Year Ended October 31, 2021
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02/17Blender Bites Signs Distribution Agreement with Leading Food Service Distributor, Gordo..
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02/17Blender Bites Signs Distribution Agreement with Gordon Food Service
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02/16BLENDER BITES ANNOUNCES HISTORIC REC : a 3,000% Increase Compared to Same Period in 2021
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Financials
Sales 2021 0,94 M 0,74 M 0,74 M
Net income 2021 -16,0 M -12,5 M -12,5 M
Net cash 2021 2,55 M 1,99 M 1,99 M
P/E ratio 2021 -1,66x
Yield 2021 -
Capitalization 31,2 M 24,3 M 24,3 M
EV / Sales 2020 -
EV / Sales 2021 46,3x
Nbr of Employees -
Free-Float 80,5%
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Managers and Directors
Chelsie Hodge Chief Executive Officer & Director
Geoffrey Balderson Chief Financial Officer
Patrick C. T. Morris Independent Director
Christopher Mackay Independent Director
Grant Smith Independent Director
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