August 14, 2023 – Vancouver, British Columbia – Right Season Investments Corp. (TSXV: LITT) (“Right Season” or the “Company”) is pleased to announce that one of its portfolio companies, Blender Bites Ltd. (“Blender Bites”), has achieved a record number of purchase orders during the three months ended July 31, 2023 (“Q2 2023” or the “Period”).
During the Period, Blender Bites received purchase orders totaling CA$1,869,000, a record achievement in value of purchase orders received by Blender Bites in any given period. The Q2 2023 figure represents an increase of over 125% in the total value of purchase orders compared to the same period in 2022, and a 158% increase in total value of purchase orders received for the three-month period of February 2023 to April 2023 – both numbers demonstrating significant growth.
The historic increase during Q2 2023 can be attributed to factors such as: the receipt of initial orders stemming from its Walmart Canada launch; the commencement of a US retail rollout; and increased product demand within the existing 1000+ Canadian retail grocery and club stores where Blender Bites are already sold. The increase does not reflect any orders Blender Bites anticipates receiving once its US expansion is fully implemented in the upcoming months.
Blender Bites’ management feels that the upward trend for the number of purchase orders received, and subsequently anticipated sales revenue, will continue in a positive trajectory, as there is great potential still to be realized as Blender Bites’ strategies are fully implemented in the United States. Blender Bites’ US expansion is expected to peak nearing the end of summer 2023, with products launching into US divisions of some of the world’s largest retail chains, which could lead to even greater increases in purchase orders received in the future.
“We’re extremely excited with Blender Bites’ historic announcement. We believe Blender Bites has made tremendous progress over the last year and also believe there are many more opportunities for the smoothie innovator to capitalize on ,” stated Chief Executive Officer Tyler Lewis.
For more information on the Blender Bites purchase orders, please see Blender Bites Ltd. press release dated August 11, 2023, and visit their website at www.blenderbites.com.
The Company also announces that it has engaged BullVestor Medien GmBH (“BullVestor”), and its general manager, Helmut Pollinger, both arm’s length parties to the Company, to provide digital marketing services to the Company commencing on August 15, 2023, and running through December 1, 2023 (the “Services”). The Services will include the creation of content, strategic planning, digital advertisement placement, and overseeing the progress and results of digital campaigns. In consideration for providing the Services, the Company has agreed to pay to BullVestor EUR200,000.
The consideration offered to BullVestor does not include any securities of the Company. Aside from this engagement, the Company does not have any relationship with BullVestor.
BullVestor’s business address is located at Gutenhofen 4, 4300 St. Valentin, Austria, email is kontakt@bullvestor.at, telephone number is +43 (0) 74354407 and website is www.bullvestor.com.
About Right Season Investments Corp.
Right Season Investments Corp. is a Canadian Venture Capital, Investment and Advisory Firm that strives to actively drive innovation and accelerate growth for its shareholders. Right Season invests capital into private and public companies that offer excellent growth opportunities.
Contact:
Tyler Lewis
Email: Tyler@rightseasoninvestmentscorp.com
Cautionary and Forward-Looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
This news release contains “forward-looking information” within the meaning of applicable securities laws, including statements regarding: the future trajectory and expansion of Blender Bites and the engagement of BullVestor and Mr. Pollinger to provide the Services. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking information. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance and developments to differ materially from those contemplated by these statements depending on, among other things, that the Company’s plans and prospects will vary from those stated in this news release and that Blender Bites may not be able to carry out its business plans as expected. Except as required by law, the Company expressly disclaims any obligation and does not intend to update any forward-looking statements or forward-looking information in this news release. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Accordingly, readers should not place undue reliance on forward-looking information. The statements in this news release are made as of the date of this release.