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Stryve Foods Enters Pet Category with Launch of HIGH STEAKS Pet Treats

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Stryve Foods, Inc. (NASDAQ: SNAX) has announced the launch of High Steaks, a new brand of high-quality, high-protein, human-grade pet treats. Known for their air-dried meat snacks, Stryve is now entering the pet category with treats featuring real, air-dried beef as the primary ingredient. High Steaks offers treats with 0g sugar and simple ingredients, designed for active and healthy dogs.

The treats come in flavors including beef, beef + liver, and beef + sweet potato. They contain no artificial additives, fillers, or preservatives. High Steaks will be available for purchase on the company's website starting in October 2024, with plans to secure retail distribution in the coming quarters.

Stryve Foods, Inc. (NASDAQ: SNAX) ha annunciato il lancio di High Steaks, un nuovo marchio di snack per animali domestici di alta qualità, ricchi di proteine e adatti per il consumo umano. Nota per i suoi snack a base di carne essiccata all'aria, Stryve entra ora nella categoria degli animali domestici con snack che presentano carne di manzo essiccata all'aria come ingrediente principale. High Steaks offre snack con 0g di zucchero e ingredienti semplici, progettati per cani attivi e sani.

Gli snack sono disponibili in gusti come manzo, manzo + fegato e manzo + patata dolce. Non contengono additivi artificiali, riempitivi o conservanti. High Steaks sarà disponibile per l'acquisto sul sito web dell'azienda a partire da ottobre 2024, con piani per garantire una distribuzione al dettaglio nei prossimi trimestri.

Stryve Foods, Inc. (NASDAQ: SNAX) ha anunciado el lanzamiento de High Steaks, una nueva marca de snacks para mascotas de alta calidad, ricos en proteínas y aptos para el consumo humano. Conocida por sus bocadillos de carne deshidratada al aire, Stryve ahora ingresa en la categoría de mascotas con golosinas que cuentan con carne de res deshidratada al aire como ingrediente principal. High Steaks ofrece golosinas con 0g de azúcar e ingredientes simples, diseñadas para perros activos y saludables.

Las golosinas vienen en sabores como res, res + hígado y res + batata. No contienen aditivos artificiales, rellenos ni conservantes. High Steaks estará disponible para su compra en el sitio web de la empresa a partir de octubre de 2024, con planes para asegurar la distribución minorista en los próximos trimestres.

Stryve Foods, Inc. (NASDAQ: SNAX)는 High Steaks라는 새로운 브랜드의 고품질, 고단백, 인간 소비에 적합한 애완동물 간식 출시를 발표했습니다. 에어 드라이 육포로 잘 알려진 Stryve는 이제 진짜 에어 드라이 쇠고기를 주요 재료로 사용하는 애완동물 카테고리에 진출합니다. High Steaks는 활동적이고 건강한 개를 위해 0g의 설탕과 간단한 재료로 만든 간식을 제공합니다.

간식은 쇠고기, 쇠고기 + 간, 쇠고기 + 고구마 맛으로 제공됩니다. 인공 첨가물, 필러 또는 방부제가 포함되어 있지 않습니다. High Steaks는 2024년 10월부터 회사 웹사이트에서 구매할 수 있으며, 향후 분기 동안 소매 유통을 확보할 계획입니다.

Stryve Foods, Inc. (NASDAQ: SNAX) a annoncé le lancement de High Steaks, une nouvelle marque de friandises pour animaux de compagnie de haute qualité, riches en protéines et aptes à la consommation humaine. Connue pour ses collations à base de viande séchée à l'air, Stryve entre maintenant dans la catégorie des animaux de compagnie avec des friandises contenant de la viande de boeuf séchée à l'air comme principal ingrédient. High Steaks propose des friandises avec 0g de sucre et des ingrédients simples, conçues pour les chiens actifs et en bonne santé.

Les friandises sont disponibles dans des saveurs telles que boeuf, boeuf + foie et boeuf + patate douce. Elles ne contiennent pas d'additifs artificiels, de remplissages ou de conservateurs. High Steaks sera disponible à l'achat sur le site Web de l'entreprise à partir de octobre 2024, avec des plans pour assurer une distribution au détail dans les prochains trimestres.

Stryve Foods, Inc. (NASDAQ: SNAX) hat die Einführung von High Steaks bekannt gegeben, einer neuen Marke für hochwertige, proteinreiche Snacks für Haustiere in Lebensmittelqualität. Bekannt für ihre luftgetrockneten Fleischsnacks, betritt Stryve nun die Kategorie der Haustierprodukte mit Snacks, die echtes, luftgetrocknetes Rindfleisch als Hauptzutat enthalten. High Steaks bietet Snacks mit 0g Zucker und einfachen Zutaten, die für aktive und gesunde Hunde konzipiert sind.

Die Snacks sind in Geschmäckern wie Rindfleisch, Rindfleisch + Leber und Rindfleisch + Süßkartoffel erhältlich. Sie enthalten keine künstlichen Zusatzstoffe, Füllstoffe oder Konservierungsstoffe. High Steaks wird ab Oktober 2024 über die Unternehmenswebsite erhältlich sein, mit Plänen für den Einzelhandel in den kommenden Quartalen.

Positive
  • Expansion into the high-growth pet category with a new product line
  • Leveraging existing expertise in air-dried meat products for a new market
  • Potential for increased revenue through new sales channels
Negative
  • None.

Insights

Stryve Foods' entry into the pet treat market with High Steaks is a strategic move to diversify its product portfolio and tap into the lucrative pet care industry. The pet food market is projected to reach $119.6 billion by 2030, growing at a CAGR of 4.6%. This expansion aligns with the trend of pet humanization, where owners seek high-quality, human-grade products for their pets.

The company's leverage of its existing expertise in air-dried meat snacks for human consumption into the pet treat segment is a clever way to utilize its core competencies. However, the pet food market is highly competitive, with established players like Blue Buffalo and Freshpet already offering premium, natural pet treats.

For investors, this move presents a mixed outlook. While it opens up a new revenue stream and market opportunity, it also requires significant investment in marketing and distribution to establish the High Steaks brand. The success will largely depend on Stryve's ability to differentiate its product and secure retail partnerships, which they mention as a future goal.

Given Stryve's small market cap of $5.8 million, this venture could have a meaningful impact on their financials if successful, but it also carries risks of diluting focus from their core business. Investors should monitor initial sales performance and distribution gains closely to gauge the potential long-term impact on Stryve's growth and profitability.

PLANO, Texas, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Stryve Foods, Inc. (“Stryve” or “the Company”) (NASDAQ: SNAX), a pioneer in creating healthy and convenient protein snacks, announces the launch of High Steaks, an innovative brand dedicated to providing high-quality, high-protein, human-grade pet treats.

Stryve Foods, known for air-dried meat snacks under the brands Stryve, Vacadillos, and Kalahari, is bringing their premium, high protein, 0g sugar, simple ingredient meat products to your pet. High Steaks human-grade pet treats, are the perfect on-the-go solution for an active, and healthy dog.

High Steaks

High Steaks treats feature real, air-dried beef as the primary component. Each treat is formulated to deliver the essential proteins that pets need for energy, muscle development, and optimal health. The brand aims to meet the growing demand among pet owners for products that prioritize nutrition without compromising on taste.

Key Features of High Steaks:

  • High-Protein Formulations: Packed with essential nutrients, High Steaks treats provide pets with the energy they need to lead active lives.
  • Ultra Clean Ingredients: We believe in transparency; our treats contain no artificial additives, fillers, or preservatives, making them a wholesome choice for pets.
  • Variety of Flavors: High Steaks offers a range of flavors including beef, beef + liver, and beef + sweet potato.

"We’re excited to introduce High Steaks to pet owners who want the best for their companions," said Katie Brenner, Chief Customer Officer at Stryve Foods. "Our mission is to create treats that not only taste great but also contribute to the health and happiness of pets everywhere. The “Steaks” are high, and your pet’s health comes first.”

High Steaks treats will be available for purchase on our website launching in October 2024, where pet owners can explore the full range of flavors and learn more about the nutritional benefits of High Steaks. Additionally, the Company plans to secure retail distribution for High Steaks in the coming quarters to further participate in the attractive, high-growth pet category with this differentiated offering.

For more information, to request samples, or to schedule an interview, please contact Katie Brenner at katie.brenner@stryve.com.

About Stryve Foods, Inc.
Stryve is a premium air-dried meat snack company that is conquering the intersection of high protein, great taste, and health under the brands of Braaitime, Kalahari, Stryve, and Vacadillos. Stryve sells highly differentiated healthy snacking and food products in order to disrupt traditional snacking and CPG categories. Stryve’s mission is “to help Americans eat better and live happier, better lives.” Stryve offers convenient products that are lower in sugar and carbohydrates and higher in protein than other snacks and foods. Stryve’s current product portfolio consists primarily of air-dried meat snack products marketed under the Stryve®, Kalahari®, Braaitime®, and Vacadillos® brand names. Unlike beef jerky, Stryve’s all-natural air-dried meat snack products are made of beef and spices, are never cooked, contain zero grams of sugar*, and are free of monosodium glutamate (MSG), gluten, nitrates, nitrites, and preservatives. As a result, Stryve’s products are Keto and Paleo diet friendly. Further, based on protein density and sugar content, Stryve believes that its air-dried meat snack products are some of the healthiest shelf-stable snacks available today. Stryve also markets and sells human-grade pet treats under the brand Two Tails, made with simple, all-natural ingredients and 100% real beef with no fillers, preservatives, or by-products.

Stryve distributes its products in major retail channels, primarily in North America, including grocery, convenience store, mass merchants, and other retail outlets, as well as directly to consumers through its ecommerce websites and through the Amazon and Walmart platforms. For more information about Stryve Foods, Inc., visit www.ir.stryve.com.

* All Stryve Biltong and Vacadillos products contain zero grams of added sugar, with the exception of the Chipotle Honey flavor of Vacadillos, which contains one gram of sugar per serving.

Cautionary Note Regarding Forward-Looking Statements
Certain statements made herein are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate”, “may”, “will”, “would”, “could”, “intend”, “aim”, “believe”, “anticipate”, “continue”, “target”, “milestone”, “expect”, “estimate”, “plan”, “outlook”, “objective”, “guidance” and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters, including, but not limited to, statements regarding Stryve’s plans, strategies, objectives, targets and expected financial performance. These forward-looking statements reflect Stryve’s current views and analysis of information currently available. This information is, where applicable, based on estimates, assumptions and analysis that Stryve believes, as of the date hereof, provide a reasonable basis for the information and statements contained herein. These forward-looking statements involve various known and unknown risks, uncertainties and other factors, many of which are outside the control of Stryve and its officers, employees, agents and associates. These risks, uncertainties, assumptions and other important factors, which could cause actual results to differ materially from those described in these forward-looking statements, include: (i) the inability to achieve profitability due to commodity prices, inflation, supply chain interruption, transportation costs and/or labor shortages; (ii) the ability to recognize the anticipated benefits of the Business Combination or meet financial and strategic goals, which may be affected by, among other things, competition, supply chain interruptions, the ability to pursue a growth strategy and manage growth profitability, maintain relationships with customers, suppliers and retailers and retain its management and key employees; (iii) the risk that retailers will choose to limit or decrease the number of retail locations in which Stryve’s products are carried or will choose not to carry or not to continue to carry Stryve’s products; (iv) the possibility that Stryve may be adversely affected by other economic, business, and/or competitive factors; (v) the effect of the COVID-19 pandemic on Stryve; (vi) the possibility that Stryve may not achieve its financial outlook; (vii) risks around the Company’s ability to continue as a going concern and (viii) other risks and uncertainties described in the Company’s public filings with the SEC. Actual results, performance or achievements may differ materially, and potentially adversely, from any projections and forward-looking statements and the assumptions on which those projections and forward-looking statements are based.

Investor Relations Contact:
Investor Relations
ir@stryve.com


FAQ

What is Stryve Foods' new pet treat brand called?

Stryve Foods' new pet treat brand is called High Steaks.

When will High Steaks pet treats be available for purchase?

High Steaks pet treats will be available for purchase on Stryve Foods' website starting in October 2024.

What are the main features of High Steaks pet treats?

High Steaks pet treats are high-protein, human-grade, made with real air-dried beef, contain 0g sugar, and have no artificial additives, fillers, or preservatives.

What flavors will be available for High Steaks pet treats?

High Steaks pet treats will be available in flavors including beef, beef + liver, and beef + sweet potato.

Stryve Foods, Inc.

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