Vancouver, British Columbia--(Newsfile Corp. - January 8, 2025) - The Yumy Candy Company Inc., (CSE: TYUM) ("Yumy" or the "Company"), Canada's first publicly traded low-sugar, plant-based confectionery company, is pleased to announce a substantial increase in sales and significant retail expansion over the past year.
In 2024, the company sold an additional 100,000 cases of its Yumy Soda line compared to 2023, marking a significant milestone in its growth trajectory. This increase in sales was achieved with minimal impact on other SKUs, indicating a strong and growing demand for Yumy's diverse product range.
This sales growth has been complemented by an expansion in retail presence. The Yumy Candy Company has successfully increased its production scale to meet incoming sales, with Walmart now ranking as one of the company's top revenue-driving customers. The company currently offers five products in Walmart: strawberry kiwi, peach, orange, cola, and sour watermelon, with strawberry kiwi being the top seller.
Additionally, Yumy Candy has begun its USA launch into one of the largest supermarket chains in North America, Albertsons. This achievement is part of the company's US sales expansion plan to make its innovative candy products more accessible to consumers nationwide.
The company's commitment to providing healthier alternatives in the confectionery market has resonated with consumers, contributing to this impressive growth. The U.S. confectionery market size was valued at $198 billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 2.67% from 2024 to 2028.
The Yumy Candy Company remains dedicated to innovation and meeting consumer demand for health-conscious, plant-based confectionery options. With a focus on quality and taste, the company is poised for continued success in the expanding confectionery market.
Cassidy McCord
CEO and Director
Contact Information
The Yumy Candy Company Inc.
Investor Relations
Telephone: (604) 449-2026
Email: investors@yumybear.com
Yumy Bear is an affordable health-conscious low-sugar plant-based confectionery company based in Vancouver, British Columbia and it has developed a portfolio of healthier gelatine-free candies made from non-GMO ingredients with proprietary recipes. All of its products are free of gelatin, soy, gluten, nuts, dairy, eggs, sugar alcohols, artificial sweeteners and genetically modified organisms.
Cautionary Statement Regarding Forward-Looking Information
Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of the applicable securities legislation. The information in this news release about future plans and objectives of the Company, are forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time it was made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others: general business, economic and social uncertainties; local and global market and economic uncertainties arising in respect of the COVID-19 pandemic; litigation, availability of key product ingredients, legislative, environmental and other judicial, regulatory, political and competitive developments; the ability to effectively expand manufacturing and production capacity; the ability to obtain retail partners to distribute Company products, the success of market initiatives and the ability to grow brand awareness; the ability to attract, maintain and expand relationships with key strategic vendors; our ability to predict consumer taste preferences; delay or failure to receive regulatory approvals; the sufficiency of our cash to meet liquidity needs; those additional risks set out in the Company's public documents filed on SEDAR at www.sedar.com; and other matters discussed in this news release. Accordingly, the forward-looking statements discussed in this release may not occur and could differ materially as a result of these known and unknown risk factors and uncertainties affecting the Company. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, the Company disclaims any intention or obligation to update or revise any forward- looking statement, whether as a result of new information, future events, or otherwise.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/236354
SOURCE: The Yumy Candy Company Inc.
