The historic increase over this period can be attributed to initial orders received from its Walmart Canada launch, the beginning of the US roll out, and increased demand in the 1000+ Canadian retail grocery and club stores. The increase does not reflect any orders the Company anticipates receiving once its US expansion is fully implemented in the upcoming months.
The Company’s management feels that the upward trend for the number of purchase orders received, and subsequently sales revenue, will continue this positive trajectory, as there is great potential still to be realized once the Company’s US strategies are implemented. The Company’s imminent US expansion is expected to happen at the end of summer, with products launching into some of the largest retail chains in the world, which could lead to even greater increases in purchase orders received.
“The historic number of purchase orders we received over the last three months speaks to how well the Company has been doing. Not only are our Canadian operations performing well, but the initial launch of our US strategy has been successful. I believe that these numbers will only increase once we implement the full US expansion we have scheduled for the end of summer. I am incredibly excited for the trajectory we are on and where it will go in the future,” stated
The Company cautions that the above figures have not been audited and are based upon calculations prepared by management. Actual results may differ from those reported in this release once these figures have been audited, and there can be no guarantee that purchase orders will result in increased sales revenue for the Company.
ABOUT
On behalf of the Board of Directors,
Email – chelsie@blenderbites.com
Telephone – 236-521-0626
For further information, contact Blender IR Team at:
Email – investors@blenderbites.com
Telephone – 1-888-997-2055
Media Contact – teamblenderbites@jonesworks.com
CAUTIONARY DISCLAIMER STATEMENT
This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements are necessarily based upon several estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward looking statements. Such factors include, but are not limited to general business, economic, competitive, political, and social uncertainties, and uncertain capital markets. Readers are cautioned that actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Source:
2023 GlobeNewswire, Inc., source