NxGen Brands, Inc. Announces Company Expansion into New Warehouse Space
Rhea-AI Summary
NxGen Brands (OTC: NXGB) announced that its acquired business, Genesee Candy Land, is expanding into the adjacent location to add approximately 3,500 sqft of warehouse space to its existing 4,000 sqft facility after nearly three years at the current site.
Construction is underway to streamline shipping and receiving, enable larger ingredient orders to reduce backorders and improve margins, and to free factory space to expand into additional product categories. The company said updates will follow and listed its X account @NGen_Brands and contact email marjschaefer.manager@gmail.com for shareholder communication. All information is available on the company website and OTC Markets profile.
Positive
- Warehouse expansion of approximately 3,500 sqft
- Current facility operated from 4,000 sqft for nearly 3 years
- Construction underway to streamline shipping and receiving
- Ability to purchase ingredients in larger quantities to reduce backorders
Negative
- Company lists regulation, growth management, litigation as risks
- Only a single company X account (@NGen_Brands) listed as media outlet
- No financial metrics or quantified profit impact provided
News Market Reaction – NXGB
On the day this news was published, NXGB gained 6.25%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
DENVER, Oct. 21, 2025 (GLOBE NEWSWIRE) -- NxGen Brands, Inc. (OTC: NXGB) ("NxGen" or the "Company") (www.nxgenbrands.com) – it is with great excitement to announce that the company’s newly acquired business is Genesee Candy Land is expanding its current location into the location next door to add almost 3000 sqft more space due to early growth. Genesee Candy Land has been working out of its current 4000 sqft location for nearly 3 years now after outgrowing Its previous location and now in a few short months by adding some marketing to our company in our marketplace, we must expand the business. We are taking over the location next to our current one to add close to 3500 sq ft of warehouse space to make our shipping and receiving more streamlined to make sure all customers get their orders in a timely matter. With this new space, it will also allow us to order our ingredients in larger quantities to bring our profits up as well as to never go onto backorder. Construction is already underway. Lastly, this will allow us to expand our current business into more categories to be announced soon.
Marjorie Schaefer, the Company’s CEO, stated, "I am excited about having the opportunity to take over the space right next door to our current location without having to move the business. As CEO I am always looking for ways to expand our business to meet the demand of our customers and this new space will allow us to do this. By being able to streamline our shipping process and opening space in our current factory side will also be key to us growing and entering new categories in the industry.”
To better reflect the company's new direction. Please disregard all past social media posts and/ or news releases. A company press release will verify any new social media outlets. Currently, the only media outlet is the company's X account, @NGen_Brands. To improve communication with our shareholders, please email us at marjschaefer.manager@gmail.com. The Company's new website is https://www.nxgenbrands.com. All information can be verified at https://www.otcmarkets.com/stock/NXGB/profile. We will be providing many more updates for our shareholders as the company moves in a new direction.
Disclaimer: The Company relies upon the Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. The company may make forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are estimates that reflect the company's best judgment based upon current information. All investments involve risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identify from time to time in the company's public announcements.
Contact: marjschaefer.manager@gmail.com
FAQ
What did NxGen Brands (NXGB) announce on October 21, 2025 about Genesee Candy Land?
How much total space will Genesee Candy Land operate after the NXGB expansion?
How will the NXGB warehouse expansion affect shipping and inventory?
Is construction complete for NXGB's new Genesee Candy Land space?
Where can NXGB shareholders find official updates and contact information?
