The Gummy Project Announces Commencement of Second Production Run of Peachy Bees and Watermelon Sharks in Preparation for Strategic Expansion into the United States

September 06, 2022 8:15 AM EDT | Source: Vice Health and Wellness Inc.

  • Both the Watermelon Sharks and Peachy Bees are expected to be ready for distribution into the United States on October 15, 2022.
  • The Watermelon Sharks and Peachy Bees will use fully recyclable packaging for the US market.
  • The Company is currently in advanced discussions with US based luxury hotel chains, national US supermarket chains and major US airlines to carry Peachy Bees and Watermelon Sharks.

Vancouver, British Columbia--(Newsfile Corp. - September 6, 2022) - The Gummy Project (CSE: GUMY) (FSE: 0OS) (OTCQB: GUMYF) ("GUMY" or the "Company") is pleased to announce that a second production run has commenced for the Peachy Bees and Watermelon Sharks in preparation for a strategic expansion into the US market.

"Our accelerated US expansion was created by high interest and demand after the Company's exposure at the Sweets & Snacks Expo in Chicago earlier this year where we were selected as one of the most innovative new products," said Charlie Lamb, President & CEO of GUMY. "Following the tremendous success we've had in Canada so far, we feel the company is ready to expand into the US market and we have the utmost confidence in our products, our team and our mandate to support endangered keystone species. Our entry into the lucrative US market is the right strategy at the right time, with a focus on US luxury hotels, supermarket chains and major airlines."

The second run of Peachy Bees and Watermelon Sharks is expected to be completed and ready for distribution into the United States on October 15, 2022.

The Company is also pleased to announce that its gummies will now be packaged in fully- recyclable packaging.

"The shift to fully recyclable packaging is a key sustainability initiative that we've been planning for some time," said Anthony Gindin, Chief Marketing Office of the Company. "We want to be at the forefront of sustainability in the confectionary industry and this is just another step in the Company's mission toward a more sustainable future."

About The Gummy Project

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

Charlie Lamb, President & CEO, Director
Telephone: 1(236) 317-2812 - Toll free (877) 806-2633

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates", "may" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions, risks relating to epidemics or pandemics such as COVID-19, including the impact of COVID-19 on the Company's business, financial condition, and results of operations. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.

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