bettermoo(d) Announces Moodrink(TM)’s Rapid Expansion Across Canada with Over 500 Retail Locations
bettermoo(d) Food (CSE:MOOO)(OTCQB:MOOOF) has significantly expanded its presence in Canada, with its flagship product Moodrink™ now available in over 500 retail locations. This rapid growth, from less than 30 stores at the start of 2024, has exceeded the company's expectations. Moodrink™ is now featured in Canada's largest grocery retail chain, banner stores of the second-largest grocer, and a leading natural and organic foods retailer, as well as numerous independent stores nationwide.
CEO Nima Bahrami expressed satisfaction with the pace of growth, highlighting the company's ambition to expand further across Canada and eventually reach international markets. With over 8,300 supermarkets and grocery stores in Canada, bettermoo(d) aims to increase its retail footprint by pursuing additional listings. The company sees potential in Canada's growing dairy alternatives market, expected to reach USD 1.77 billion by 2029, with a CAGR of 11.24% from 2024-2029.
bettermoo(d) Food (CSE:MOOO)(OTCQB:MOOOF) ha notevolmente amplificato la sua presenza in Canada, con il suo prodotto di punta Moodrink™ ora disponibile in oltre 500 locali al dettaglio. Questa crescita rapida, passando da meno di 30 negozi all'inizio del 2024, ha superato le aspettative dell'azienda. Moodrink™ è ora presente nella più grande catena di supermercati del Canada, nei negozi della seconda catena di vendita al dettaglio più grande e in un importante rivenditore di prodotti naturali e biologici, così come in numerosi negozi indipendenti in tutto il paese.
Il CEO Nima Bahrami ha espresso soddisfazione per il ritmo di crescita, evidenziando l'ambizione dell'azienda di espandersi ulteriormente in Canada e di raggiungere eventualmente i mercati internazionali. Con oltre 8.300 supermercati e negozi di alimentari in Canada, bettermoo(d) mira ad aumentare la sua presenza al dettaglio perseguendo ulteriori elenchi. L'azienda vede potenziale nel crescente mercato delle alternative lattiero-casearie in Canada, che si prevede raggiungerà 1,77 miliardi di USD entro il 2029, con un CAGR dell'11,24% dal 2024 al 2029.
bettermoo(d) Food (CSE:MOOO)(OTCQB:MOOOF) ha ampliado significativamente su presencia en Canadá, con su producto insignia Moodrink™ ahora disponible en más de 500 puntos de venta. Este rápido crecimiento, de menos de 30 tiendas a principios de 2024, ha superado las expectativas de la empresa. Moodrink™ ahora se encuentra en la cadena de supermercados más grande de Canadá, en las tiendas de la segunda cadena de alimentos más grande y en un destacado minorista de alimentos naturales y orgánicos, así como en numerosos establecimientos independientes en todo el país.
El CEO Nima Bahrami expresó su satisfacción con el ritmo de crecimiento, destacando la ambición de la empresa de expandirse más a fondo en Canadá y de llegar eventualmente a los mercados internacionales. Con más de 8,300 supermercados y tiendas de comestibles en Canadá, bettermoo(d) busca aumentar su huella minorista a través de más listados. La empresa ve potencial en el creciente mercado de alternativas lácteas de Canadá, que se espera alcance 1.77 mil millones de USD para 2029, con una CAGR del 11.24% de 2024 a 2029.
bettermoo(d) Food (CSE:MOOO)(OTCQB:MOOOF)는 캐나다에서의 입지를 크게 확장했으며, 주력 제품인 Moodrink™가 현재 500개 이상의 소매점에서 판매되고 있습니다. 2024년 초 30개 미만의 상점에서 시작한 이 빠른 성장은 회사의 기대를 초과했습니다. Moodrink™는 현재 캐나다 최대의 대형 슈퍼마켓 체인, 두 번째로 큰 식료품 체인의 매장, 주요 자연 및 유기농 식품 소매점 및 전국의 많은 독립 상점에서 판매되고 있습니다.
CEO Nima Bahrami는 성장 속도에 대한 만족감을 표하며, 회사의 캐나다 전역 및 궁극적으로 국제 시장으로의 추가 확장 의지를 강조했습니다. 캐나다에는 8,300개 이상의 슈퍼마켓과 식료품점이 있으며, bettermoo(d)는 추가 상장 기회를 통해 소매 발자국을 늘리는 것을 목표로 하고 있습니다. 이 회사는 2024년부터 2029년까지 연평균 11.24% 성장하며 2029년까지 17억 7천만 달러에 이를 것으로 예상되는 캐나다의 성장하는 유제품 대체 시장에서 잠재력을 보고 있습니다.
bettermoo(d) Food (CSE:MOOO)(OTCQB:MOOOF) a considérablement élargi sa présence au Canada, avec son produit phare Moodrink™ désormais disponible dans plus de 500 points de vente. Cette croissance rapide, passant de moins de 30 magasins au début de 2024, a dépassé les attentes de l'entreprise. Moodrink™ est maintenant présent dans la plus grande chaîne de supermarchés du Canada, dans les magasins de la deuxième plus grande chaîne alimentaire et chez un détaillant leader en produits naturels et biologiques, ainsi que dans de nombreux magasins indépendants à travers le pays.
Le PDG Nima Bahrami a exprimé sa satisfaction quant au rythme de croissance, soulignant l'ambition de l'entreprise de s'étendre davantage au Canada et d'atteindre éventuellement les marchés internationaux. Avec plus de 8 300 supermarchés et magasins d'alimentation au Canada, bettermoo(d) vise à augmenter son empreinte au détail en recherchant des listes supplémentaires. L'entreprise voit un potentiel sur le marché croissant des alternatives laitières au Canada, qui devrait atteindre 1,77 milliard USD d'ici 2029, avec un taux de croissance annuel composé (TCAC) de 11,24% entre 2024 et 2029.
bettermoo(d) Food (CSE:MOOO)(OTCQB:MOOOF) hat seine Präsenz in Kanada erheblich erweitert, wobei das Hauptprodukt Moodrink™ nun an über 500 Verkaufsstellen erhältlich ist. Dieses schnelle Wachstum, das von weniger als 30 Geschäften zu Beginn des Jahres 2024 stammt, hat die Erwartungen des Unternehmens übertroffen. Moodrink™ ist nun in der größten Lebensmittel-Einzelhandelskette Kanadas, in Geschäften der zweitgrößten Lebensmittelkette und bei einem führenden Anbieter von Natur- und Bioprodukten sowie in zahlreichen unabhängigen Geschäften im ganzen Land erhältlich.
CEO Nima Bahrami äußerte sich zufrieden über das Wachstumstempo und hob die Ambition des Unternehmens hervor, sich weiter in Kanada auszubreiten und letztendlich internationale Märkte zu erreichen. Mit über 8.300 Supermärkten und Lebensmittelgeschäften in Kanada möchte bettermoo(d) seinen Einzelhandel durch zusätzliche Listungen ausweiten. Das Unternehmen sieht Potenzial im wachsenden Markt für Milchalternativen in Kanada, der bis 2029 voraussichtlich 1,77 Milliarden USD erreichen wird, mit einer CAGR von 11,24% von 2024 bis 2029.
- Rapid expansion from less than 30 stores to over 500 retail locations across Canada
- Product now featured in Canada's largest grocery retail chain and other major retailers
- Potential for further growth in Canada's dairy alternatives market, expected to reach USD 1.77 billion by 2029
- None.
VANCOUVER, BC / ACCESSWIRE / August 16, 2024 / bettermoo(d) Food Corporation (CSE:MOOO)(OTCQB:MOOOF)(Frankfurt:0I5A, WKN: A3D8PP) (the "Company" or "bettermoo(d)") announces that it has expanded its presence of Moodrink™ (Product), now available in over 500 retail locations across Canada, exceeding the Company's expectations. Since the start of 2024, bettermoo(d) has expanded its retail network from less than 30 stores to over 500 sale locations-all while still in the early stages of its rollout.
The Company's Product is now featured in Canada's largest grocery retail chain, banner stores of Canada's second-largest grocer, and one of the world's leading natural and organic foods retailer. Additionally, Moodrink™ is also available in numerous independent stores across the nation, in line with the Company's commitment to making its flagship Product accessible to all Canadians.
"Our expansion to over 500 stores has surpassed our initial projections and although we are still in the early stages of our rollout, we are extremely happy with the pace of our growth. We hope this momentum will continue as we look to expand further across Canada and eventually reach international markets. While we have achieved much already, we recognize that there is still significant work ahead," said Nima Bahrami, CEO of bettermoo(d).
Noting that there are over 8,300 supermarkets and grocery stores in Canada,1 bettermoo(d) is focused on expanding its retail footprint by pursuing additional listings with major chains and independent stores. Management believes there is potential for bettermoo(d) to be a part of Canada's growing dairy alternatives market, which is expected to reach USD 1.77 billion by 2029 (growing at a CAGR of
ABOUT BETTERMOO(D) FOOD CORPORATION
bettermoo(d) Food Corporation is an innovative plant-based dairy alternative food and beverage company based in Vancouver, British Columbia Canada, launching Moodrink™, a nutritious dairy-alternative beverage with a revolutionary flavour. Moodrink™ includes a blend of herbs and flowers similar to what cows ate, before the time of mass livestock production. Like rich dairy products, Moodrink™ contains added healthy plant fats and vitamins, so consumers don't miss out. The "Moodrink" is just the beginning of the revolution for the Vancouver based dairy-alternative company, bettermoo(d).
Driven by the motto "What A Cow Eats and A Human Needs" bettermoo(d) seeks to produce dairy alternative products that are good for both people and the planet - ensuring that all products are nutritious and sustainably sourced, and that also emulate the great taste of traditional milk from the Alps regions of Switzerland, France and Austria. Working with food scientists, the Company's goal is to conduct continuous food research and development programs with the aim of rolling out a full line of dairy alternative products, including Moogurt and Buetter, as well as many other products, that are better for YOU and better for the planet.
ON BEHALF OF THE BOARD of DIRECTORS
Nima Bahrami
Chief Executive Officer and Director
bettermoo(d) Food Corporation
For further information please contact:
Email: investors@bettermoodfoodcorporation.com
Website: www.bettermoo.com
Phone: 1-855-715-1865
This news release may contain certain forward looking statements and forward looking information (collectively, "Forward-Looking Statements") within the meaning of the applicable Canadian and U.S. securities laws, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein including, without limitation, statements with respect to the potential future growth of the Company, are forward-looking statements. When or if used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward-looking statements or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations. The CSE does not accept responsibility for the adequacy or accuracy of this release.
1 https://www.ibisworld.com/canada/number-of-businesses/supermarkets-grocery-stores/1040/#:~:text=There%20are%
2 https://www.mordorintelligence.com/industry-reports/canada-dairy-alternatives-market/market-size#:~:text=The%20Canada%20Dairy%20Alternatives%20Market,period%20(
SOURCE: bettermoo(d) Food Corporation
View the original press release on accesswire.com
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