Yerbaé Announces Expansion into Target Stores
March 20 2024 - 7:07AM
Business Wire
Yerbaé Brands Corp. (TSX-V: YERB.U; OTCQX: YERBF)
(“Yerbaé” or the “Company”), a plant-based energy
beverage company, is expanding distribution into Target Locations,
one of the nation's leading retailers. This collaboration marks a
significant milestone for Yerbaé as it brings its recently
announced 12 oz Energy Line into select Target stores across the
country.
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the full release here:
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Yerbaé Plant-Based Energy, caffeinated by
Yerba Mate (Photo: Business Wire)
Known for its commitment to providing consumers with healthier
and more natural beverage options, Yerbaé is excited to bring its
unique lineup to Target's shelves. The partnership aligns with both
companies' shared values of promoting wellness, quality, and
innovation within the retail space.
"We are thrilled to partner with Target, a retail giant that
shares our commitment to providing consumers with high-quality and
better-for-you products," said Todd Gibson, co-founder and Chief
Executive Officer of Yerbaé. "Recognizing the evolving preferences
of the modern consumer, Yerbaé's unique beverage offerings align
seamlessly with the values and lifestyle choices of the Target
shopper."
The trend forward plant-based energy brand has gained momentum
as Yerbaé is growing faster than the category, at a reported +42%,
in the latest 52 weeks (Latest 52 Weeks Ending 1.28.2024, TL MULO,
SPINS).
Consumers can find Yerbaé beverages in the beverage aisle of
participating Target locations, starting April.
About Yerbaé
Yerbaé Brands Corp., (TSXV: YERB.U; OTCQX: YERBF) makes
great-tasting energy beverages with yerba mate and other premium,
plant-based ingredients. All Yerbaé energy beverages are zero
calorie, zero sugar, non-GMO, vegan, kosher, keto-friendly,
paleo-approved, gluten free and diabetic-friendly. Founded in
Scottsdale, AZ in 2017, Yerbaé seeks to disrupt the energy beverage
marketplace by offering a no-compromise energy solution, with input
and support from its recently-announced Yerbaé Advisory Board,
Sports and Entertainment. Find us @DrinkYerbae on Instagram,
Facebook, Twitter/X and TikTok, or online at
https://yerbae.com.
Disclaimer for Forward-Looking Information
This news release contains forward-looking statements relating
to the Company. Statements in this news release that are not purely
historical are forward-looking statements and include any
statements regarding beliefs, plans, expectations or intentions
regarding the future, including; Yerbaé’s ability to be a leading
player in the plant-based functional energy beverage industry.
Forward-looking statements are based on assumptions and are subject
to a number of risks and uncertainties, many of which are beyond
our control, which could cause actual results to differ materially
from those that are disclosed in or implied by such forward-looking
statements. The material assumptions supporting these
forward-looking statements include, among others; that the demand
for the Company’s products will continue to significantly grow;
that the past production capacity of the Company’s co-packing
facilities can be maintained or increased; that there will be
increased production capacity through implementation of new
production facilities, new co-packers and new technology; that
there will be an increase in number of products available for sale
to retailers and consumers; that there will be an expansion in
geographical areas by national retailers carrying the Company’s
products; that the Company’s brokers and distributors will continue
to sell and prioritize the Company’s products; that there will not
be interruptions on production of the Company’s products; that
there will not be a recall of products due to unintended
contamination or other adverse events relating to the Company’s
products; and that the Company will be able to obtain additional
capital to meet the Company’s growing demand and satisfy the
capital expenditure requirements needed to increase production and
support sales activity. Actual results could differ from those
projected in any forward-looking statements due to numerous
factors. Such factors include, among others, governmental
regulations being implemented regarding the production and sale of
energy drinks; the fact that consumers may not embrace and purchase
any of the Company’s products; additional competitors selling
energy drinks reducing the Company’s sales; the fact that the
Company does not own or operate any of its production facilities
and that co-packers may not renew current agreements and/or not
satisfy increased production quotas; the potential for supply chain
interruption due to factors beyond the Company’s control; the fact
that there may be increases in costs and/or shortages of raw
materials and/or ingredients and/or fuel and/or costs of
co-packing; the fact that there may be a recall of products due to
unintended contamination; the inherent uncertainties associated
with operating as an early stage company; changes in customer
demand and the fact that consumers may not embrace energy drink
products as expected or at all; the extent to which the Company is
successful in gaining new long-term relationships with new
retailers and retaining existing relationships with retailers,
brokers, and distributors; the Company’s ability to raise the
additional funding that it will need to continue to pursue its
business, planned capital expansion and sales activity; and
competition in the industry in which the Company operates and
market conditions.
These forward-looking statements are made as of the date of this
news, and the Company assumes no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those projected in the forward-looking
statements, except as required by applicable law, including the
securities laws of the United States and Canada. Although the
Company believes that any beliefs, plans, expectations and
intentions contained in this presentation are reasonable, there can
be no assurance that any such beliefs, plans, expectations or
intentions will prove to be accurate. Readers should consult all of
the information set forth herein and should also refer to the risk
factors disclosure outlined in greater detail under “Risk Factors”
in the Company’s Information Circular dated November 15, 2022
available on SEDAR at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240320700151/en/
For investors, investors@yerbae.com or 480.471.8391
To reach CEO Todd Gibson, todd@yerbae.com or 480.471.8391
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