Golden Grail Signs Distribution Agreement

Rhea-AI Summary

Golden Grail Technology (OTC: GOGY) announced a distribution agreement with Cayman International Foods Group (CIFG) for the Spider Energy Drink. This partnership aims to launch Spider Energy in the Cayman Islands, targeting major supermarkets and 80% of local convenience stores. The Cayman Islands is recognized for its thriving market, having received multiple awards such as Travelers Choice 2021. Spider Energy offers a unique formula, combining energy-boosting ingredients with a refreshing taste aimed at capturing a growing consumer base.

Positive

• Signing a distribution agreement with Cayman International Foods Group expands market reach.
• Cayman Islands is an award-winning market, enhancing brand visibility and sales potential.
• Spider Energy Drink is formulated with popular ingredients, catering to health-conscious consumers.

Negative

• None.

WESTON, Fla., Jan. 12, 2022 /PRNewswire/ -- Golden Grail Tech (OTC: GOGY)  – announces they have entered in to a Distribution Agreement for Spider Energy Drink (https://spiderenergydrink.com/) with Cayman International Foods Group (CIFG). CIFG will launch Spider Energy in the international market Cayman Islands. CIFG services all the major supermarkets and is the primary supplier of the products they represent to 80% of the convenience stores in Cayman Islands. Furthermore, Cayman Islands is an Award-Winning Market with several recent accolades; Travelers Choice 2021 Award, Culinary Capital of the Caribbean and Travel and Leisure Award.

"Energy drinks are one of the fastest growing beverage segments globally and maintained growth through the pandemic."

"Energy drinks are one of the fastest growing beverage segments globally and maintained growth through the pandemic. We are thrilled to have Spider Energy drink in our portfolio to capture that growth. Energy drinks are experiencing a wider reach than ever before and our launch into the award-winning Cayman Islands will be provide a great consumer and tourist base with Spider Energy," Steven Hoffman, CEO, Golden Grail.

Spider Energy Drink is packed with serious energy. This formula is the perfect balance of energy boosting B-vitamins, Taurine, Guarana, Ginseng, Key Levels of Amino Acids and herbal extracts. Made with 100% real sugar, Spider Energy is known as one of the best tasting with a fresh-citrus, smooth and refreshing flavor, without the medicinal aftertaste associated with most energy drinks

About Golden Grail
Golden Grail Technology (OTC: GOGY) is an evolving company with a strategic mission to advance a beverage portfolio comprised of already proven Ready-To-Drink brands. The Company identifies and acquires brands within emerging beverage categories that need fiscally responsible new management.  The Company then utilizes technology by applying their expertise, techniques and processes for the betterment of the economics of the Company and the advancement of the marketing and distribution of the beverages. The Companies recognizable portfolio of healthy functional beverages combined with industrious financial responsibility make Golden Grail a unique entity in the beverage industry.

For more information on Golden Grail, visit www.GoldenGrailBeverages.com.

Forward-Looking Statements:

This press release includes forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, and also includes selected operating results presented without the context of accompanying financial results. These forward-looking statements include, among others, statements with respect to our objectives and strategies to achieve those objectives, as well as statements with respect to our beliefs, plans, expectations, anticipations, estimates or intentions. These forward-looking statements are based on our current expectations. We caution that all forward-looking information is inherently uncertain and actual results may differ materially from the assumptions, estimates or expectations reflected or contained in the forward-looking information, and that actual future performance will be affected by a number of factors, including economic conditions, technological change, regulatory change and competitive factors, many of which are beyond our control. Therefore, future events and results may vary significantly from what we currently foresee. We are under no obligation (and we expressly disclaim any such obligation) to update or alter the forward-looking statements whether as a result of new information, future events or otherwise.

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SOURCE Golden Grail Technology Corp

FAQ

What is the latest news about Golden Grail Technology (GOGY) as of January 2022?

Golden Grail Technology announced a distribution agreement for Spider Energy Drink with Cayman International Foods Group to launch in the Cayman Islands.

How will the distribution agreement with CIFG impact GOGY?

The distribution agreement is expected to enhance GOGY's market presence and sales in the Cayman Islands.

What are the main features of Spider Energy Drink?

Spider Energy Drink includes energy-boosting ingredients like B-vitamins and herbal extracts, and is known for its refreshing flavor.

What market does Golden Grail Technology (GOGY) target with Spider Energy?

Golden Grail Technology targets the Cayman Islands market, capitalizing on its recognition as a Culinary Capital of the Caribbean.