IRW-PRESS: bettermood Food Corporation: bettermoo(d) announces rapid expansion of Moodrink across Canada to over 500 retail locationsThe cult publication for your wealth creation & wealth protection:
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Request for free here … Vancouver, British Columbia, Canada – August 16, 2024 /IRW-Press / bettermoo(d) Food Corporation (CSE: MOOO), (OTCQB: MOOOF), (Frankfurt: 0I5A, WKN: A3D8PP) (the Company or bettermoo(d)), announces that the Company has expanded the presence of Moodrink (Product). The product is now available in over 500 retail stores across Canada, exceeding the Company’s expectations. Since the beginning of 2024, bettermoo(d) has expanded its retail network from less than 30 stores to over 500 points of sale – all in the early stages of its launch.
The Company’s product is now available in Canada’s largest grocery retailer, in the banner stores of Canada’s second largest grocer, and in one of the world’s leading natural and organic food retailers. In addition, Moodrink is also available in numerous independent stores across the country, consistent with the Company’s commitment to making its flagship product accessible to all Canadians.
The expansion of our distribution to over 500 stores has exceeded our initial projections and although we are still in the early stages of our launch, we are very pleased with the pace of our growth. We hope this trend will continue as we look to further expand our distribution across Canada and eventually enter international markets. While we have already accomplished a lot, we know we still have a lot of work to do, said Nima Bahrami, CEO of bettermoo(d).
There are more than 8,300 supermarkets and grocery stores in Canada. https://www.ibisworld.com/canada/number-of-businesses/supermarkets-grocery-stores/1040/#:~:text=There%20are%208%2C379%20Supermarkets%20%26%20Grocery,increase%20of%200.2%25%20from%202022
bettermoo(d) is focused on expanding its retail presence by seeking additional listings with major chains and independent stores. Management believes there is potential for bettermoo(d) to capture a share of the growing Canadian dairy alternatives market, which is expected to reach $1.77 billion by 2029, growing at a CAGR of 11.24% per year during the forecast period 2024-2029. https://www.mordorintelligence.com/industry-reports/canada-dairy-alternatives-market/market-size#:~:text=The%20Canada%20Dairy%20Alternatives%20Market,period%20(2024%2D2029)
ABOUT BETTERMOO(D) FOOD CORPORATION
bettermoo(d) Food Corporation is an innovative plant-based milk alternative food and beverage company based in Vancouver, British Columbia, Canada, launching MoodrinkTM, a nutritious milk alternative beverage with a revolutionary taste. MoodrinkTM contains a blend of herbs and flowers similar to what cows ate before factory farming. Similar to rich dairy products, MoodrinkTM is added with plant-based fats and vitamins so consumers don’t have to sacrifice any taste. MoodrinkTM is just the beginning of the revolution for bettermoo(d), the Vancouver-based milk alternative company.
True to the motto What A Cow Eats and A Human Needs, bettermoo(d) aims to produce dairy-free products that are good for both humans and the planet, ensuring that all products are nutrient-dense and sustainably sourced, as well as replicating the great taste of traditional milk from the Alpine regions of Switzerland, France and Austria. Working with food scientists, the company aims to conduct ongoing food research and development programs to bring to market a full line of dairy alternatives, including Moogurt and Buetter, as well as many other products that are better for YOU and the planet.
FOR THE BOARD of DIRECTORS
What is Bahrami?
Chief Executive Officer and Director
bettermoo(d) Food Corporation
For further information please contact:
E-mail: [email protected]
Website: www.bettermoo.com
Tel: 1-855-715-1865
This news release may contain certain forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian and United States securities laws, including the United States Private Securities Litigation Reform Act of 1995. All statements contained herein that are not historical facts, including, but not limited to, statements with respect to the Company’s potential future growth, are forward-looking statements. When used in this news release, the words anticipate, believe, estimate, expect, target, plan, forecast, may, should and similar words or expressions identify forward-looking statements or information. Such statements reflect 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 known and unknown factors could cause actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. The Company does not intend, and does not undertake any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or other events affecting these statements and information, except as required by applicable laws, rules and regulations. The CSE does not accept responsibility for the adequacy or accuracy of this release.
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