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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.
Nightfood, Inc. (OTCQB: NGTF) has witnessed remarkable growth in early 2021, highlighted by a launch in over 1,000 Walmart stores, which more than doubled its retail presence. The company reported a 19% increase in year-to-date net revenue and significantly reduced operating expenses by 24%. Successful capital raises totaling over $4.5 million led to the elimination of approximately $4 million in debt. Notably, Nightfood achieved over $1 million in gross fiscal year sales for the first time. With a focus on sleep-friendly snacks, Nightfood is well-positioned to become a leader in nighttime nutrition.
Nightfood, Inc. (OTCQB: NGTF) announced its fiscal Q3 2021 results, reporting a 19% increase in net revenue year-over-year to $270,919, despite a 3% decline in gross product sales. Significant milestones include launching Nightfood ice cream in over 1,000 Walmart locations and initiating a pilot test in hotel grab-and-go shops. The company reduced total operating expenses by 24% and operating losses by 29%. Following a $4.5 million financing round, management highlighted a strengthened balance sheet and expects strong growth through 2021.
Nightfood, Inc. (OTCQB: NGTF) is launching an education program for expecting mothers through OB/GYN offices, leveraging its recent distribution in over 1,000 Walmart stores. The initiative aims to promote its ice cream, recommended by the American Pregnancy Association for its nutritional benefits. The campaign will distribute 100,000 brochures in selected markets like Chicago and Houston, allowing pregnant women to access two free pints via a QR code. With a market focused on nighttime snacking, Nightfood is positioned to capitalize on a significant demand while enhancing brand awareness.
Nightfood, Inc. (OTCQB: NGTF) is engaging in the better-for-you snack market, focusing on nighttime consumption. CEO Sean Folkson will participate as a panelist at the Healthspan Show 2021, scheduled for May 10-14, discussing the intersection of food, nutrition, and sleep. The company recently expanded its ice cream distribution to over 1,000 Walmart stores. Management sees substantial growth potential as the sleep-nutrition connection gains traction, supported by the interest of major food companies like Pepsi and Unilever in this market niche.
Nightfood, Inc. (OTCQB: NGTF) has announced its sleep-friendly ice cream is now available in over 1,000 Walmart stores nationwide, significantly increasing its retail presence to approximately 1,900 locations. The strategic partnership reflects Walmart's strong confidence in Nightfood's products, which are also recommended by the American Pregnancy Association. This major distribution milestone follows a recent $4.5 million financing round that eliminated all convertible debt and provided capital for growth initiatives. Nightfood aims to lead the emerging category of nighttime nutrition, addressing the $50 billion nighttime snack market.
Nightfood, Inc. (OTCQB: NGTF) has completed a financing round worth $4.5 million and eliminated all convertible debt, marking a significant financial milestone. The company received over $1.4 million in growth capital after retiring $4 million in debt. This capital will support initiatives like the launch of Nightfood ice cream at Walmart. CEO Sean Folkson highlighted the company's strong balance sheet and potential for Nasdaq or NYSE uplisting. Nightfood ice cream, aimed at health-conscious nighttime snacking, is expanding distribution to major supermarket chains.
Nightfood, Inc. (OTCQB: NGTF) announced the launch of its unique ice cream flavor, Pickles For Two, exclusively at Walmart starting April 2021. This launch coincides with the one-year anniversary of its initial announcement, playfully made on April Fool's Day. The flavor is designed to cater to pregnant women and those who love pickles, featuring the seal of the American Pregnancy Association. Additional flavors like Cookies n’ Dreams and Cold Brew Decaf will also be available. Nightfood continues to focus on nighttime snacking, tapping into a $50 billion market.
Nightfood, Inc. (OTCQB: NGTF) has appointed Jerry Isaacson as Chief Financial Officer, bringing extensive experience from leading ice cream companies. The company has expanded its distribution of sleep-friendly ice cream into Walmart and major supermarket chains, with plans for significant growth. Isaacson’s expertise in procurement, production, and logistics is expected to enhance operational efficiency. Current CFO Mark Noffke will transition to an advisory role. Nightfood targets the $50 billion nighttime snack market, promoting healthier options that support better sleep.
Nightfood, Inc. (OTCQB: NGTF) has joined the Juvenile Products Manufacturers Association (JPMA), enhancing its commitment to children’s safety and promoting its ice cream as the official treat of the American Pregnancy Association. The company aims for increased brand visibility in households with pregnant women through this partnership, especially with Walmart distribution set to launch soon. Nightfood products are specifically formulated for better nighttime snacking, addressing a market where over $50 billion is spent annually.
Nightfood, Inc. (OTCQB: NGTF) has completed production of all nine Nightfood flavors with updated packaging aimed at enhancing retail presence. Approximately 100,000 pints were produced, with shipments to supermarkets and a national hotel chain for testing. This initiative includes focusing on a sleep-friendly nutritional profile, catering to a $50 billion nighttime snack market. Despite COVID-19 challenges, hotel occupancy remains resilient, presenting opportunities for distribution growth.
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