Rritual Superfoods CVS Re-Orders Expand for Third Consecutive Month

Rhea-AI Summary

Rritual Superfoods Inc. (OTCQB: RRSFF) reported significant growth in its premium functional superfoods line at CVS Stores, with three consecutive months of re-orders since launch. This success underscores increased consumer demand and aligns with Rritual's strategic goal of establishing a national retail presence. The company's products, including Chaga IMMUNE and Lion's Mane FOCUS, are USDA-certified organic and positioned within CVS's innovative HealthHUB concept, enhancing customer health experiences. The functional foods market is projected to grow to $275 billion by 2025, indicating strong market potential for Rritual.

Positive

• Three consecutive months of re-orders at CVS, indicating strong consumer demand.
• Products are well positioned within CVS's HealthHUB concept, enhancing visibility.
• USDA-certified organic offerings, appealing to health-conscious consumers.
• Functional foods market projected to reach $275 billion by 2025, indicating growth potential.

Negative

• None.

 Building on original order, CVS growth is a strong indicator of consumer interest and demand in the Rritual product line

VANCOUVER, BC, Aug. 26, 2021 /PRNewswire/ - Rritual Superfoods Inc. ("Rritual" or the "Company") (CSE: RSF) (FWB: 0RW) (OTCQB: RRSFF) is excited to announce that the Company's premium brand of functional superfoods are experiencing strong growth at CVS Stores throughout the USA as indicated by a third consecutive month of re-orders following the brand's launch earlier this year.

"As the focal point of our growth strategy, that being an emphasis on building a national retail presence, Rritual's CVS rollout continues to prove extremely valuable as a platform to build brand loyalty and customer satisfaction throughout the nation," noted Mr. David Kerbel, Rritual CEO and Director. "The CVS HealthHUB philosophy aligns completely with Rritual's health and wellness vision and the continued pattern of re-orders is validation of our strategy and consumer and retail partner satisfaction."

Rritual Superfoods at CVS HealthHUB includes:

• Chaga IMMUNE with adaptogens Eleuthero Root and Astragalus to support healthy immune function and well-being all year round.
• Lion's Mane FOCUS with adaptogens Rhodiola Rosea Root and Bacopa to support brain health and cognitive function.
• Reishi RELAX with adaptogen Ashwagandha and cacao to help the body adapt to stress.

Rritual's placement in CVS's new HealthHUB concept, which aims to transform the 'consumer health experience' with education and personalized service from CVS trained professionals at the community level provides an exciting opportunity for Rritual and CVS to  work together to develop an in-store education program for CVS trained professionals to best serve CVS consumers on their 'path to better health.'

Rritual product offerings are all USDA-certified organic and are a caffeine-free option that can be mixed with other beverages or enjoyed by itself. Rritual's proprietary Immune-Synergy Six Mushroom Blend is the only functional health product on the market that contains a daily prebiotic blend which nourishes a healthy gut microbiome and facilitates balanced digestive function.

About CVS and HealthHUB

CVS is a health care innovation company with a simple and clear purpose: Helping people on their path to better health. CVS is united around a common goal of becoming the most consumer-centric health company. CVS is evolving based on changing consumer needs and meeting people where they are, whether that's in the community at one of our nearly 10,000 local touchpoints, in the home, or in the palm of their hand.

HealthHUB locations offer a broader range of health care services, new product categories, digital and on-demand health tools, trusted advice and personalized care. With the new format more than 20% of the store is now dedicated to health services. HealthHUB teams are improving care for patients managing chronic conditions, with a focus on recommending next best clinical actions and driving medical costs savings. The HealthHUB store format also includes a variety of pathways to nutritional health with one-on-one and group counseling delivered by an in-store dietitian, as well as access to weight loss programs.

The design of the HealthHUB also includes community spaces and digitally enabled offerings. Wellness rooms are available for CVS professionals and community partners to host group events, including health classes, nutritional seminars and benefits education.

About Rritual

Rritual is a fast-growing functional superfood company that creates natural wellness products which support a holistic approach to a healthy lifestyle. The company is poised to dominate a segment where demand and sales are growing exponentially. Under the executive leadership with over 100 years of CPG pedigree, Rritual has launched distribution to major retailers and is positioning itself as a leader in the functional health and wellness industry as a superfood platform. Rritual markets organic wellness products in the United States through initial retail rollout which includes over 10,000 points of sale and through www.rritual.com.

Follow Rritual on Twitter, LinkedIn, Facebook, and Instagram.

Functional Foods Market

According to Grandview Research*, it is estimated that the global functional food market is projected to reach $275 billion by 2025, growing at 7.9% each year with consumers putting more emphasis on health and wellness.

*https://www.grandviewresearch.com/press-release/global-functional-foods-market

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information

This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, "forward-looking statements") that relate to Rritual's current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result", "are expected to", "expects", "will continue", "is anticipated", "anticipates", "believes", "estimated", "intends", "plans", "forecast", "projection", "strategy", "objective" and "outlook") are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release. In particular and without limitation, this news release contains forward-looking statements relating to the Company's plans to leverage third party manufacturing and logistics, the Company's broader retail distribution plans and the Company's other plans, focus and objectives.

Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond Rritual's control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to, the impact and progression of the COVID-19 pandemic and other factors set forth under "Forward-Looking Statements" and "Risk Factors" in the final long form prospectus of the Company dated February 26, 2021 and available under the Company's profile on SEDAR at www.sedar.com. Rritual undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for Rritual to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.

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SOURCE Rritual Superfoods Inc.

FAQ

What recent achievement did Rritual Superfoods have with CVS?

Rritual Superfoods reported three consecutive months of re-orders at CVS Stores, reflecting strong consumer demand.

What products does Rritual offer at CVS HealthHUB?

Rritual offers products like Chaga IMMUNE, Lion's Mane FOCUS, and Reishi RELAX at CVS HealthHUB, all USDA-certified organic.

How does Rritual's growth strategy align with CVS?

Rritual's growth strategy focuses on building a national retail presence, which aligns with CVS's HealthHUB philosophy of enhancing consumer health experiences.

What is the market outlook for functional foods?

The global functional food market is projected to reach $275 billion by 2025, growing at an annual rate of 7.9%.

What is the stock symbol for Rritual Superfoods?

The stock symbol for Rritual Superfoods is RRSFF.