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Koios Beverage Corp. has expanded its retail footprint by adding its KOIOS™ nootropic beverages to the Oregon-based Market of Choice grocery chain, effective March 15, 2021. This placement increases Koios' presence in Oregon by approximately 36%. Following recent announcements of over 200 Colorado convenience store placements and additional deals in Utah, Koios products will be available in more than 4,000 locations nationwide, including existing retailers in California and Washington. CEO Chris Miller emphasized the importance of regional grocery chains in their distribution strategy.
Koios Beverage Corp. has launched a subsidiary named Bevcreation to operate a commercial-scale canning facility in Denver, CO. The facility is expected to generate over USD $1,000,000 in first-year revenues, with approximately 60% of production booked through early 2022. This strategic move aims to improve product quality and profitability while allowing the development of new beverage products, including potential canned alcoholic beverages. Koios has also enhanced its distribution network, securing placements in over 4,000 retail points across the U.S.
Koios Beverage Corp. has expanded the availability of its KOIOS™ nootropic beverages by adding them to Good Earth Natural Foods in Utah. This follows the brand's presence in around 50 retail locations in the state. With Utah's population of approximately 3.2 million, the company aims to capture a larger market share in the functional beverages sector.
Furthermore, the company announced a CAD $600,000 convertible debenture with a 15% interest rate to bolster working capital. The debenture can be converted at a discount based on share price, emphasizing Koios's dedication to growth.
Koios Beverage Corp. (CSE: KBEV; OTC: KBEVF) is enhancing its distribution channels by placing its functional beverage products, primarily Fit Soda™, in over 200 convenience stores across Colorado. This initiative is part of the Company's strategy to adapt to changing consumer purchasing behaviors, especially during the COVID-19 pandemic. Koios aims to have its beverages available in around 1,000 U.S. convenience stores by the end of 2021, building on its presence in over 4,000 retail locations. The functional beverage market is projected to grow significantly, reaching an estimated value of USD $208.13 billion by 2024.
Koios Beverage Corp. has signed a distribution agreement with United Natural Foods, Inc. (UNFI), the largest distributor of organic and natural food in North America. Under this agreement, UNFI will distribute Koios and Fit Soda beverages across the U.S. UNFI’s extensive network provides access to over 30,000 retail accounts, aiming to enhance Koios's market penetration and brand recognition. Koios offers functional beverages designed to improve mental function and focus. This partnership is anticipated to significantly boost Koios's sales pipeline.
