The Marquie Group Expands Product Line for Simply Whim

Rhea-AI Summary

The Marquie Group (TMGI) has expanded its Simply Whim product line with a new range of gummy supplements. Following a recent 25% acquisition of Simply Whim, TMGI aims to tap into the growing gummy supplements market, valued at approximately $10 billion. CEO Marc Angell highlighted that 67% of this market is owned by consumers aged 18-34, indicating a strategic alignment with their target audience. The company is currently sourcing high-quality manufacturers for these products, which will feature natural ingredients and no preservatives, aiming for a market entry that aligns with its existing Inner Health and Outer Beauty offerings.

Positive

• Expansion of Simply Whim product line with gummy supplements.
• Targeting a growing market expected to reach $16 billion in five years, with 8.3% annual growth.
• Focus on high-quality, natural ingredients appealing to health-conscious consumers.

Negative

• None.

ST PETERSBURG, FL, Oct. 04, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – The Marquie Group, Inc. (OTCMKTS:TMGI) (“The Marquie Group”, “TMGI” or the “Company”), Expands Whim Product Line for its subsidiary, Simply Whim.

Since its recent 25% acquisition of Simply Whim, The Marquie Group is wasting no time in expanding the product line offering under the Whim health and beauty brand. The Company is developing a line of gummy supplements to complement its current Inner Health and Outer Beauty nutrition products.

According to CEO Marc Angell, “The gummy supplements market fits nicely into our current Whim product portfolio with 67% of the market owned by the 18–34-year-olds. We are currently sourcing white label manufacturers for speed to market with high-quality products featuring natural ingredients, no artificial colors, flavors, sugar, or preservatives as a daily solution to help achieve both Inner Health and Outer Beauty.” Angell added, “Our quality product offering at an affordable price point, under the very popular Whim brand is an excellent recipe for success.”

According to The Insight Partners, the gummy supplements global market size currently stands at approximately $10 billion with an estimated annual growth of 8.3% over the coming five years to more than $16 billion. 

Whim Inner Health supplements include “BOOST Hydrolyzed Collagen Peptide Powder”, “Harmony” a beauty vitamin complex, and “Hush” a melatonin and natural based sleep and relaxation enhancement. These join the line of Outer Health products including "Whim Facial Cleanser", "Whim Facial Scrub", "Whim Eye Treatment", "Whim Face Serum", and "Whim Moisturizer", all formulated with clean, healthy ingredients.

The full line of Whim products with detailed descriptions are found and sold at simplywhim.com. 

About The Marquie Group

The Marquie Group, Inc. is a sales and marketing company with several products under exclusive licensing agreements. The Company also sells these products using radio commercials delivered by its wholly owned subsidiary, Music of Your Life, a nationwide syndicated radio network. Music of Your Life is heard around the country on terrestrial radio stations and streaming around the world on the internet at musicofyourlife.com.  Music of Your Life is the nation’s longest running syndicated music radio network.

Forward-Looking Statements

This press release may contain certain forward-looking statements regarding future circumstances. These forward-looking statements are based upon the Company's current expectations and assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements. Actual results, events, and performance may differ. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date hereof. The Company undertakes no obligation to release publicly any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The inclusion of any statement in this release does not constitute an admission by the Company or any other person that the events or circumstances described in such statements are material.

Investor and Media Inquiries
Marc Angell, CEO
800-351-3021

FAQ

What new products is The Marquie Group launching under TMGI?

The Marquie Group is launching a new line of gummy supplements under its Simply Whim brand.

What is the market size for gummy supplements according to TMGI's press release?

The gummy supplements market is currently valued at approximately $10 billion and is expected to grow to over $16 billion in the next five years.

What demographic is TMGI targeting with its new gummy supplements?

TMGI is targeting the 18-34 age demographic, which comprises 67% of the gummy supplements market.

How is TMGI sourcing its new gummy supplement products?

TMGI is currently sourcing white label manufacturers for quick market entry.

What are the existing products in the Simply Whim line by TMGI?

Existing products include Inner Health supplements like hydrolyzed collagen and beauty vitamin complexes, among others.