Nutritional Growth Solutions on track for US presence in 420 physical retail stores in Q3
Health & Biotech
Health & Biotech
Nutritional Growth Solutions is expanding its retail presence in the US with a distribution agreement with natural food store operator The Healthy Edge Group Inc.
Three items from the Healthy Heights product range for children will be stocked through Healthy Edge’s 20 natural foods stores in the US including Akins, Chamberlain’s and Earth Origins Market from September 2022.
Nutritional Growth Solutions (ASX:NGS) says this agreement complements the recently announced rollout of stock into 403 Walmart retail stores and places NGS on track to reach a US retail presence of 420 physical retail stores through multiple retailers by the end of Q3 2022.
The news follows a successful capital raise that will use the proceeds to fund future purchase orders across its key markets. NGS is now well positioned to accelerate sales into global retailers and drive strong revenue growth.
CEO and MD Liron Fendell says growing a brand’s physical retail presence in the US is no easy feat.
“To sign with one of the US’ longest operators of reputable natural foods stores is a testament to the work of our team, and quality product offerings that are safe, healthy and certified to the highest standards to support growth development in children,” she said.
“Healthy Heights is now available through some of the country’s most reputable stockists including Walmart, Walmart.com, Kroger.com, Akins Natural Foods, Earth Origins Market, Chamberlin’s Natural Foods, Amazon, Ralphs.com and Smiths.com and places us on track to be stocked in 420 physical stores through multiple retailers in the US by the end of Q3 2022.
“Our retail expansion strategy in the US complements adjacent strategies in the other markets in which we operate, that are designed to grow the Healthy Heights brand into a global household name in premium child nutrition.”
This article was developed in collaboration with Nutritional Growth Solutions, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.