Nightfood Holdings (OTCQB: NGTF), the fast-growing ice cream company addressing America’s $50 billion nighttime snacking problem, this morning announced that its products have officially hit the shelves in various locations of its newest supermarket chain distribution partner. The company is currently awaiting approval from the supermarket chain to make a public announcement including the name of its new partner, although many consumers and investors have discovered the product on shelves at the retailer. The full rollout of Nightfood’s product at the 250+ stores is anticipated to be complete within the next two weeks. Additionally, NGTF management is presently involved in discussions and meetings with 12-18 additional supermarket chains and believes the brand will procure distribution in thousands more supermarket outlets by March 31, 2020. “We submitted the draft news release for approval earlier this month, and we’d prefer to have already made the announcement,” Nightfood CEO Sean Folkson stated in the news release. “We will not risk our relationship by making the announcement before it’s approved by our partner. This is a major subsidiary of a massive public company, and these things can take time. Even though we can’t name the chain yet, we’re making this announcement to let everybody know the product is already on many shelves in our new chain. Many investors have been contacting us expressing concern that no formal announcement meant the distribution was falling through.”
To view the full press release, visit http://nnw.fm/s25xX
About Nightfood Holdings
Nightfood Holdings owns Nightfood, Inc. and MJ Munchies, Inc. On Feb 8, 2019, it was announced that Nightfood ice cream won the 2019 Product of the Year award in the ice cream category in a Kantar survey of over 40,000 consumers. On June 27, 2019, Nightfood announced it had won Best New Ice Cream in the 2019 World Dairy Innovation Awards. With the overwhelming majority of at-home ice cream consumption occurring in the hours before bed, Nightfood believes its sleep-friendly nighttime ice cream, formulated by sleep and nutrition experts, is the next evolution in the significant better-for-you ice cream category. Market research giant Mintel identified nighttime specific food and beverages as one of their most “compelling and category changing” trends for the coming years. After manufacturing their first pint in early 2019, Nightfood ice cream is quickly establishing widespread national distribution. The brand has recently announced distribution in four of the top fifty supermarkets in the United States. This includes over 100 locations of the Meijer supermarket chain throughout the Midwest, with concentration around the metropolitan areas of Chicago, Detroit, Indianapolis, Columbus, and Milwaukee, as well as Lowe’s Foods, with 78 stores in the Carolinas. MJ Munchies, Inc. was formed in 2018 as a new, wholly owned subsidiary of Nightfood Holdings, Inc. to capitalize on legally compliant opportunities in the CBD and marijuana edibles and related spaces. The Company is seeking licensing opportunities to market such products under the brand name “Half-Baked”, for which they’ve successfully secured trademark rights. For more information, or to enter the Nightfood® Ice Cream Giveaway where the company is giving away a one-year supply of Nightfood ice cream, plus a brand-new freezer to store it in, visit http://nightfood.com.
NOTE TO INVESTORS: The latest news and updates relating to NGTF are available in the company’s newsroom at http://nnw.fm/NGTF
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