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| NGTF Updates on Several Fronts CEO Share Buyback, Product Launches, and Much More |
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 Hot Stock to Watch |
Company: Nightfood Holdings Inc. (Pink Sheets: NGTF)
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Last:
Price: 0.1905
Change (%): - 0.0095 (4.75)
Volume: 31,630 |
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Nightfood CEO Issues Letter to Shareholders, Discusses His Recent Purchase of NGTF Stock, Nightfood Ice Cream Launch, and Half-Baked Marijuana Edible and Beverage Launch
Tarrytown, NY, Dec. 10, 2018 (GLOBE NEWSWIRE) - via NEWMEDIAWIRE - Sean Folkson, CEO of Nightfood Holdings, Inc. (OTC: NGTF), a pioneering consumer goods brand development company that owns both Nightfood, Inc. and MJ Munchies Inc., today issued a shareholder update letter.
Folkson addressed his decision to acquire 400,000 shares of NGTF at $.30 per share using accrued salary, the reasons why Management believes Nightfood ice cream will be successful in 2019, an update on Nightfood ice cream distribution, Nightfood public relations strategy, and the advancement of the Half-Baked brand and discussions with various licensees.
It was revealed that a top-10 supermarket chain has committed to putting Nightfood ice cream in 100% of their locations starting in February, with zero slotting fees. Management believes this will pave the way for significant growth in 2019 and beyond.
“Not only have we secured major distribution with $0 slotting expense, but this signals to other retailers that Nightfood is worthy of their attention,” explained Folkson. “We believe locking in this large, influential, and trend-setting chain so early in our launch will facilitate an accelerated roll-out.”
Folkson expressed confidence that Nightfood Scientific Advisor and brand ambassador Dr. Michael Breus will have the opportunity appear in national media to educate consumers about Nightfood as the brand works towards the kind of distribution footprint that has resulted in billion-dollar valuations for other ice cream start-ups in recent years.
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