bettermoo(d) In Talks with Major Retailers as its Revolutionary Dairy Alternative Moodrink is Expected to Launch this Summer
Rhea-AI Summary
bettermoo(d) Food Corporation (CSE:MOOO)(OTCQB:MOOOF) is engaging with major retailers in Canada and the U.S. ahead of the launch of its dairy alternative product, Moodrink, slated for this summer. The company aims to secure orders to meet production demands and establish a significant retail presence. The $3.5 billion North American dairy alternatives market is projected to grow to $7.25 billion by 2026, providing a favorable backdrop. CEO Nima Bahrami expresses optimism over retailer feedback and plans for an update soon.
Positive
- Engagement with major retailers could lead to a strong market presence.
- Potential to capitalize on a rapidly growing dairy alternatives market, expected to reach $7.25 billion by 2026.
- Moodrink's unique formulation aims to attract a wide customer base beyond plant-based consumers.
Negative
- None.
News Market Reaction – MOOOF
On the day this news was published, MOOOF declined 75.00%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
VANCOUVER, BC / ACCESSWIRE / June 15, 2022 / bettermoo(d) Food Corporation (CSE:MOOO)(OTCQB:MOOOF)(Frankfurt:0I5)(WKN:A3DNBE) (the "Company" or "bettermoo(d) Food"), is pleased to announce that its wholly-owned subsidiary, dairy alternatives brand, bettermoo(d) Holdings Corp. ("bettermoo(d)"), is in talks with major retailers in Canada and the United States ahead of the Company's revolutionary dairy alternative Moodrink product launch, set for this summer.
With the upcoming launch of bettermoo(d)'s first products this summer, the Company has spoken with numerous retailers about putting the product on shelves. Discussions have been held with some of North America's largest retail grocery chains with the goal of collecting enough orders to sell out the entire production run prior to going into production. The retailers, that the Company is in talks with, are household names and getting on shelves at all of their locations would give bettermoo(d) a significant North American footprint. The Company expects to be able to give shareholders additional updates on these discussions shortly.
The Company will look to capitalize on the rapidly growing
"I am excited to announce that we are in talks with major retailers about putting bettermoo(d) products on shelves this summer. The feedback we have received from these retailers has been positive, and I am expecting to be able to provide a further update to our shareholders shortly," stated Nima Bahrami, CEO of bettermoo(d) Holdings.
ABOUT BETTERMOO(D) FOOD CORPORATION
bettermoo(d) Food Corporation is an innovative beverage company focused on delivering high quality products through online and in-store retail platforms. Bettermoo(d) Food Corporation utilizes social media to deliver educational experiences for their customer base while demonstrating - pioneering beverage technologies.
ON BEHALF OF THE BOARD of DIRECTORS
Steve Pear
Chief Executive Officer and Director
bettermoo(d) Food Corporation
For further information please contact:
Email: investors@bettermoodfoodcorporation.com
Website: www.bettermoo.com
Phone: 1-855-715-1865
The CSE does not accept responsibility for the adequacy or accuracy of this release.
This news release may contain certain forward looking statements and forward looking information (collectively, "Forward-Looking Statements") within the meaning of the applicable Canadian and U.S. securities laws, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein including, without limitation, statements with respect to the anticipated commercial production of Moodrink, are forward-looking statements. When or if used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward-looking statements or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.
[1] https://www.marketdataforecast.com/market-reports/north-america-dairy-alternatives-market
[2] https://www.marketdataforecast.com/market-reports/north-america-organic-dairy-food-and-drinks-market
SOURCE: bettermoo(d) Food Corporation
View source version on accesswire.com:
https://www.accesswire.com/705135/bettermood-In-Talks-with-Major-Retailers-as-its-Revolutionary-Dairy-Alternative-Moodrink-is-Expected-to-Launch-this-Summer
FAQ
What is the product launch date for bettermoo(d)'s Moodrink?
What is the market potential for dairy alternatives in North America?
Which retailers is bettermoo(d) in talks with?
What is the focus of bettermoo(d) Food Corporation?
How does Moodrink differentiate itself in the market?
