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Blender Bites Ltd
Symbol BITE
Shares Issued 10,918,464
Close 2024-10-25 C$ 0.79
Market Cap C$ 8,625,587
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Blender's 1-Step Smoothies, Frappes now in Quebec Metro

2024-10-25 17:09 ET - News Release

Ms. Chelsie Hodge reports

BLENDER BITES' 1-STEP SMOOTHIES AND FRAPPES NOW AVAILABLE AT SELECT METRO QUEBEC STORES

Blender Bites Ltd.'s 1-Step Smoothies and Frappes are now on shelves at 17 Metro Quebec stores, one of Canada's largest and most respected grocery and food retailers in Ontario and Quebec. This product offering at Metro signifies significant growth in the distribution of Blender Bites' 1-Step Smoothies and Frappes in Quebec, a vital market in Canada's grocery landscape.

The products now available at select Metro stores include 1-Step Smoothies: Liquid Sunshine, Power Berry, and Daily Defen-C, and 1-Step Frappes: Mindful Mocha, Caramel Collagen and Vanilla Bean-Bio. This diverse range caters to the growing demand for high-quality, plant-based functional foods that offer both convenience and enhanced nutrition. Rising demand for nutrition-rich beverages, driven by increasing health consciousness among millennials and youth, is stimulating the market for various types of smoothies. The Canadian smoothie market is projected to grow by 5.5-per-cent CAGR (compound annual growth rate) from 2023 to 2033, reflecting a robust trend toward healthier dietary choices.

Furthermore, Metro Inc.'s extensive network in Quebec consists of 367 food stores, encompassing its various banner stores, including the Metro banner. With annual sales exceeding $20-billion, based on its entire network of 987 food stores and 641 drugstores in Quebec and Ontario, Metro is a leading food and pharmacy retailer. Blender Bites is actively working on plans for further listings across Metro Inc.'s Quebec banner stores.

"The company's main focus the past year has been on our USA growth, however we recognize the importance of continuing to grow in our home country and couldn't be happier to see products on shelves of yet another major Canadian retailer. Metro has a tremendous following with loyal customers who specifically seek out better-for-you food products. We're thrilled to see growth in Quebec, which traditionally has been a province with limited distribution, and we think Metro is a great partner for this," stated Chelsie Hodge, founder and chief executive officer of the company.

About Blender Bites Ltd.

Blender Bites is a multiaward-winning Canadian company involved in the development and marketing of a line of premium frozen beverage products with a focus on functionality. Blender Bites was founded in 2017 and quickly became a leader in the easy smoothie category in North America. With a focus on better-for-you ingredients and convenience, the company is proud to be preportioned without the use of any inner plastic packaging. Blender Bites products are certified organic, non-genetically modified, gluten free, dairy free and soy free, and contain functional ingredients such as whole food vitamins, collagen and probiotics. Blender Bites one-step smoothies and one-step frappes are distributed across Canada and the United States, and are currently sold in over 7,000 stores, including Walmart, Albertsons, HEB, Whole Foods and Publix.

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