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New Listing: Yumy Bear Goods Inc. (CSE:YUMY)

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Yumy Bear is committed to producing vegan confectionery products made with plant based ingredients, thereby providing a low sugar alternative to traditional candies, which usually contain artificial sweeteners which have been shown to negatively impact blood sugar levels and the gut biome.

Additional Information:

Company: Yumy Bear Goods Inc
Website: http://www.YumyBear.com
Stock Symbol: CSE: YUMY
Date Published: Jul 9, 2021
Transcript: Available

Video Transcript:

I’m Cassandra Bolinski for Investmentpitch Media

Yumy Bear Goods Inc. is one of the latest new listings on the Canadian Securities Exchange, trading under the symbol “YUMY”, following its reverse takeover of Fire River Gold, which previously traded on the TSX Venture Exchange.

Yumy Bear is committed to producing vegan confectionery products made with plant based ingredients, thereby providing a low sugar alternative to traditional candies, which usually contain artificial sweeteners which have been shown to negatively impact blood sugar levels and the gut biome.

Based in Vancouver, the company has developed a portfolio of healthier gelatine-free candies made from Non-GMO ingredients with proprietary recipes.

All of its products are free of gelatin, soy, gluten, nuts, dairy, eggs, sugar alcohols, artificial sweeteners and genetically modified organisms.

The company was founded by Erica Williams, who studied Kinesiology at the University of the Fraser Valley while working in the health and fitness industry as a health and wellness coach and competing in fitness competitions across Canada.

Erica Williams, CEO, stated: “Finding healthy and affordable snacks was always a challenge, so I set out to create an affordable, healthy candy alternative. Working in my kitchen I experimented with high-quality ingredients to create a unique healthier alternative to traditional gelatine based high-sugar animal-based candy. After rigorous testing, I created Yumy Bear!”

The company has contracted with an overseas manufacturer for product manufacturing.

Yumy Bear internally handles all fulfillment to the domestic market including warehousing, distribution, and sales of the product once it has been imported.

Yumy Bear has commenced retail sales throughout the Lower Mainland region of British Columbia, developing a brick and mortar distribution presence.

Predominantly, most of Yumy Bear’s sales to date have been focused online direct-to-customer, with over $50,000 in sales reported as at June 30th, since sales commenced in April of 2021.

The company is currently hiring sales representatives to build out its client base and launch its products into the market including e-commerce platforms such as direct to consumer sales through an in-house shopify store, amazon and other e-commerce wholesalers.

The company recently raised gross proceeds of $3,080,000 from the placement of approximately 2,050,000 (2,053,328) shares priced at $1.50 per share.

The shares are trading at $5.00.

For more information, please visit the company’s website www.YumyBear.com, contact Erica Williams, CEO, 604-449-2026 or by email at erica@YumyBear.com.

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I’m Cassandra Bolinski for Investmentpitch Media