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NIGHTFOOD HLDGS INC - NGTF STOCK NEWS

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Nightfood Holdings Inc. (NGTF) is a pioneering company in the sleep-friendly nighttime snack category. Almost half of all snacking occurs after dinner, and Nightfood offers better-for-you snacks specifically designed for nighttime consumption. The brand focuses on distributing ice cream, cookies, and other snack formats in high-margin hotel verticals, tapping into the growing trend of supporting guest wellness by providing healthier and sleep-friendly snacks. By formulating snacks that contain less sleep-disruptive ingredients and focusing on ingredients that support nighttime relaxation, Nightfood aims to address the $50 billion annual spend on nighttime snacks in the U.S. market. The recent exclusive license agreement for the Half-Baked™ trademark with Houdini Group Inc. opens further opportunities for growth and brand development in the marijuana and CBD-infused products space. Nightfood Holdings is committed to leading the nighttime snack category and maintaining a strategically defensible position in the market.

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Nightfood Holdings, Inc. (OTCQB: NGTF) is innovating in the night snack category by developing ice cream sandwiches for hotel lobby retail sales. Following its success in the Real California Milk Excelerator program, Nightfood aims to enhance distribution in hotels, where ice cream sales are rising. Currently, 20,000 U.S. hotels sell ice cream, and Nightfood's single-serve items could increase market presence. With more Americans snacking at night, Nightfood's unique formulations target healthier options to improve sleep quality.

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Nightfood Holdings (OTCQB: NGTF) reported a remarkable 190% increase in net revenue for the fiscal year ending June 30, 2021, totaling $701,246, compared to $241,673 the previous year. The company exceeded gross sales of $1 million for the first time, reaching $1,117,847. Significant strides include the completion of a hotel pilot test and expansion in over 1,500 supermarkets. Nightfood also strengthened its balance sheet by eliminating debt and enhancing assets by 69%, with total liabilities reduced by 91%.

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Nightfood Holdings (NGTF) presents today, October 13, 2021, at 11 AM Eastern during the LD Micro Main Event. The company addresses the $50 billion nighttime snacking market with its sleep-friendly ice cream. Chris Lahiji, founder of LD Micro, highlighted the significance of this event for small-cap investors. Nightfood's ice cream is unique, formulated with ingredients like tryptophan and magnesium to improve sleep quality. It has gained industry interest, with a rollout planned in hotels nationwide. The product has received multiple awards, indicating strong market potential.

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Nightfood Holdings, Inc. (OTCQB: NGTF) is sponsoring the Society for Behavioral Sleep Medicine's 3rd Annual Scientific Conference to boost brand awareness among sleep specialists. The company addresses America's $50 billion nighttime snacking issue by offering sleep-friendly snacks. With over 100 million nighttime snacks consumed daily, Nightfood’s products aim to enhance sleep quality. Their sleep-friendly ice cream will soon be distributed in hotels, projecting extensive reach by early 2022. The brand emphasizes nutritional benefits that promote better sleep, positioning itself as a pioneer in the night snack category.

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Nightfood Holdings (OTCQB: NGTF) announced a successful retail pilot of its sleep-friendly ice cream in a major hotel chain, leading to a full rollout expected in late 2021 or early 2022. The pilot demonstrated strong sales potential, equating hotel sales to supermarket performance. The company aims to distribute in 7,500 hotels by July 2022, with broader expansions underway through iDEAL Hospitality Partners. Recent financial results showed a 37% increase in ice cream sales to 360,000 pints and a projected 25% boost in gross sales to over $1.1 million for FY 2021. A business update call is scheduled for today at 4:30 PM ET.

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Nightfood Holdings, Inc. (OTCQB: NGTF) has appointed Tom Morse, 5-Hour Energy co-founder, to its Board of Directors as part of its strategy to dominate the emerging billion-dollar night snack category. The company recently experienced its highest revenue quarter and year, establishing distribution in over 1,000 Walmart stores and closing a $4.5 million financing round to eliminate corporate debt. Nightfood's innovative products are formulated by experts to promote better sleep, addressing a $50 billion night snack market, where over 85% of adults snack at night.

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Nightfood Holdings, Inc. (OTCQB: NGTF) launches its first video ad campaign on connected and over-the-top TV to target the $50 billion nighttime snack market. The campaign promotes their sleep-friendly ice cream, now available in nearly 2,000 supermarkets, including Walmart and Kroger. By targeting consumers already shopping at these stores, the campaign aims to maximize reach during evening hours, capitalizing on the 80% of Americans who snack at night. Nightfood's unique formulation focuses on relaxation-supporting ingredients, setting it apart from traditional ice creams.

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Nightfood Holdings, Inc. (OTCQB: NGTF) has appointed Nisa Amoils and Dr. Thanuja Hamilton to its Board of Directors, enhancing its governance and strategic direction in the sleep-friendly food market. Amoils brings extensive media and capital markets expertise, while Dr. Hamilton offers clinical insights into the importance of diet for sleep quality. The company aims to leverage their expertise to expand its innovative product line and strengthen its commitment to improving nighttime snacks, potentially boosting shareholder value.

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FAQ

What is the current stock price of NIGHTFOOD HLDGS (NGTF)?

The current stock price of NIGHTFOOD HLDGS (NGTF) is $0.0067 as of December 20, 2024.

What is the market cap of NIGHTFOOD HLDGS (NGTF)?

The market cap of NIGHTFOOD HLDGS (NGTF) is approximately 1.5M.

What is Nightfood Holdings Inc. known for?

Nightfood Holdings Inc. is known for pioneering the sleep-friendly nighttime snack category by offering better-for-you snacks specifically designed for nighttime consumption.

What is the focus of Nightfood's distribution strategy?

Nightfood aims to establish widespread national distribution of ice cream, cookies, and other snack formats in the high-margin hotel vertical, catering to the trend of providing healthier and sleep-friendly snacks to guests.

What is the significance of the exclusive license agreement with Houdini Group Inc.?

The exclusive license agreement for the Half-Baked™ trademark with Houdini Group Inc. opens opportunities for Nightfood Holdings to develop marijuana and CBD-infused products under the Half-Baked™ brand name.

How does Nightfood address the issue of unhealthy nighttime snacking?

Nightfood formulates snacks with less sleep-disruptive ingredients and focuses on ingredients that support nighttime relaxation to address the negative impact of unhealthy nighttime snacking on sleep quality.

What is Nightfood Holdings' long-term goal?

Nightfood Holdings aims to lead the nighttime snack category by maintaining a strategically defensible position in the market and driving consumer adoption of healthier nighttime snack options.

What is the annual spend on nighttime snacks in the U.S. market?

The annual spend on nighttime snacks in the U.S. market is estimated to be over $50 billion, highlighting the significant market opportunity for companies like Nightfood Holdings.

How does Nightfood plan to accelerate revenue growth with the Half-Baked™ brand?

Nightfood Holdings expects to accelerate revenue growth by leveraging the appealing Half-Baked™ brand name in the rapidly growing marijuana market, positioning its products competitively and driving sales in major markets.

What is the objective of providing healthier snack options in hotel verticals?

By offering healthier and sleep-friendly snacks in hotel grab-and-go shops, Nightfood Holdings aims to support guest wellness and capitalize on the trend of providing better nutrition and sleep quality options to travelers.

What opportunities are explored through the exclusive license agreement with Houdini Group Inc.?

Nightfood Holdings and Houdini Group Inc. are exploring additional collaboration opportunities, including potential joint ventures, to further enhance brand development and market presence in the marijuana and CBD-infused products space.

Where can investors receive updates and information about Nightfood Holdings Inc.?

Investors can sign up at ir.nightfood.com to receive updates on filings and news releases directly in their inbox, staying informed about the latest developments and financial updates related to Nightfood Holdings Inc.

NIGHTFOOD HLDGS INC

OTC:NGTF

NGTF Rankings

NGTF Stock Data

1.53M
110.36M
13.72%
0.55%
Packaged Foods
Consumer Defensive
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United States of America
Tarrytown