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Blender Bites (CSE:BITE) announces Costco reorder

Consumer
CSE:BITE
30 May 2022 16:00 (EDT)
Blender Bites - Founder and CEO, Chelsie Hodge.

Source: Blender Bites.

Blender Bites (BITE) is reporting a reorder from Costco destined for Canada’s Eastern Region.

The reorder is comprised of 40,000 club size packs of its Power Berry and Green D-tox superfood smoothie pucks.

The units will be delivered to 42 Costco locations in June covering Ontario, Quebec and the Maritime provinces.

The reorder follows Costco’s purchase commitment for its western Canada Division and an over 3,000-per-cent increase in YoY revenue.

“To get yet another purchase order from the Eastern Division is a strong indicator of how well our product has been received by these provinces,” stated Chelsie Hodge, Blender Bites’ Founder and CEO. “As we enter the summer months and smoothie season, I’m confident even more consumers will discover and enjoy our delicious and nutritious smoothie innovations.”

“We are excited for the next few months,” she added, “as we will be on shelves nationally across the country at the beginning of June and we will start to see some very serious revenue numbers.”

Hodge will host a 2022 revenue guidance call at 4:30 pm EST on June 1, 2022.

Blender Bites is a Canadian company offering organic, plant-based, frozen smoothies in over 900 stores across Canada and the U.S.

Blender Bites (BITE) is down by 10.26 per cent trading at $0.70 per share as of 2:12 pm EST.

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