11:52:03 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Gummy Project Inc (The)
Symbol GUMY
Shares Issued 99,253,230
Close 2022-06-07 C$ 0.02
Market Cap C$ 1,985,065
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Gummy Project completes 1st bee, shark gummy production

2022-06-07 16:31 ET - News Release

Mr. Charlie Lamb reports

GUMMY PROJECT ANNOUNCES COMPLETION OF INITIAL PRODUCTION RUN OF WATERMELON SHARKS AND PEACHY BEE GUMMIES

Production has been finalized on The Gummy Project Inc.'s first two gummy products: the watermelon sharks and peachy bees.

"Now that we have finalized the change of business we're thrilled to have also finalized production on our first run of gummies and look forward to accelerating the launch of our brand into the consumer marketplace in Canada with a focus on brand awareness and revenue generation," said Charlie Lamb, president and chief executive officer of Gummy.

Manufacturing highlights:

  • First commercial production run of 80,000 units (40,000 per stock-keeping unit) of 50-gram bags is expected to be ready for retail distribution beginning the week of June 13, 2022.
  • First production run (8,500 packages per SKU) of 10-gram snack size bags is expected to be ready for distribution the week of June 20, 2022.

"This represents a significant milestone for our company as we're advancing our strategic business plan right on schedule. The initial response to our brand, product line and mandate to support keystone species has been tremendous and we can't wait to see our products in consumer's hands across Canada," said Gummy chief marketing officer Anthony Gindin.

About The Gummy Project Inc.

The Gummy Project is a growing community of individuals and organizations who believe small contributions can add up to something big. The company sells low-sugar, plant-based gummy products while raising money (and awareness) to support endangered keystone species. It is the only better-for-you candy company that is built to support the planet's most precious species and ecosystems, while educating future generations on the steps they must take today, to ensure a viable tomorrow.

We seek Safe Harbor.

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