Vancouver, British Columbia--(Newsfile Corp. - January 17, 2025) - The Yumy Candy Company Inc., (CSE: TYUM) ("Yumy" or the "Company"), partnership with Walmart has fueled an increase in distribution point by 200% in the number of stores the Company's products are available. In addition, the increased distribution has directly led to increased sales following the move of the Company's products from the Better-For-You planograms to the more visible and lucrative Conventional Confection planogram.
When the Company first entered Walmart, it led to a large spike in sales that the Company's production had trouble matching. The Company has since improved its supply lines and production to match the unprecedented demand from entering hundreds of Walmart stores across Canada. Walmart is now one of the Company's main drivers of growth and sells the Company's original line of gummies as well as the innovative and highly successful soda line that includes cola and orange, with strawberry kiwi leading all the sales.
Walmart is a supercenter chain with 403 operating stores in almost every province across Canada. Walmart Canada is a subsidiary of Walmart Inc., a multinational retail corporation that operates a chain of supercenters, discount department stores, and grocery stores including e-commerce channels. Walmart Inc. was founded back in 1962 and as of April 2022, the conglomerate has 10,585 stores and clubs in 24 countries including Canada, the United States, India, Mexico, Central America, India, Chile, South Africa, Brazil amongst many others. Walmart is the world's largest company by revenue with roughly US$923 billion in annual revenue in 2024. It is also the largest employer in the world with over 2.2 million employees worldwide.
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.
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SOURCE: The Yumy Candy Company Inc.
