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GrabScanGo (GSG)....Big Deal or Not So Much?
Maybe consider what I see as the highlights in the PR from 06/22/22;
1. The company (GrabScanGo) currently manages lobby markets at hotels across the country, from independent properties to larger chains and brands.
2. Weekly sales data from these properties.
3. This independent data (from GrabScanGO) will play an important role in securing additional brand-level and management group level partnerships.
4. New high-velocity products like Nightfood (Where did Jim Alexander get the idea that NIghtfood was "high-velocity"?!?).
5. Nightfood mini-cookies in July.
6. Nightfood has received the first ice cream purchase order in conjunction with the GrabScanGo rollout.
So GSG currently has Brand level partnerships, manages entire chains and brands, provides timely sales data and recognizes Nightfood as a high velocity product.........I would have to say BIG DEAL!!
This week is the end of the fiscal year 2022.....perhaps a PR to end the year is in the works?
Nightfood Adds Hotel Distribution with Managed Lobby Markets Provider GrabScanGo
You are far to logical to be contributing to this board….
Something tells me there are developments “in the works” that WHEN completed will allow all who will listen to understand the confidence that Sean has in attaining distribution into 7500 hotels?
Why would he be so confident?
If you tell the truth, you don't have to remember anything.
Mark Twain
In time we will all know if Nightfood will achieve their goal of 7500 hotels.
If they do…the rest will be history.
- Sleepfriendly Nighttime Snacks
- Category Creation.
What will the margin be on the NIghtfood Cookies?
I have to believe that the pint price is about to go lower with the new cold packer and volumes about to increase significantly. Will we see less than $1 a pint?
And how about the cookies that will be in Hotel Lobby Shops in July?
I have to believe the cost to produce cookies is MUCH less than ice cream?
No cold storage needed with cookies - that opens up a larger percentage of hotels as well.
hmmm.....I don't see failure here?
Based on what you are saying.....it would be you!
The inevitable is exactly that..........
Keep posting people...your nervousness and desperation it apparent.
Watch out for the up coming press releases in the weeks to come....it is going to get REAL.
NGTF IMO has only just gotten started.
Later. Back to work.
I am sure he drinks High Life....LOL
We shall see won't we?
November Financials will tell the story?
I am sure that all shareholders were disappointed that Nightfood lost the supermarket distribution - but like I have said earlier - Sean has wanted hotel placement for YEARS. And most smaller shareholders have no idea how difficult it is to be profitable in retail.
We are literally months away from Nightfood either "Going BIG or Going Home"
Keep plugging your failure comments while you can...lol.
What other option did NIghtfood they in early 2019?
Sean admits on podcasts and I believe even in SCEC filings that that Nightfood was a little early into retail - and I am confident if they could have gone into the hotels from the start then they would have done that.
Maybe try listening to his most recent podcast if you are really looking for answers?
Good news is the hotel vertical is here.....big time!!!
Proof of Strategic Pivot
As many of you have been reminded in the past 24 hrs by the helpful posts of a few here - Nightfood has been working on gaining placement in the hotel vertical for years (arguably 10 years since Sean started cold calling with his Nightfood Bars). This was shift was planned from the beginning.
Gaining access to the Hotel Vertical is extremely difficult. Barrier to enter is like no other. You cannot “buy your way in” like in supermarkets where money talks.
The hospitality industry is always evolving - but continues to be focussed on providing their guests a better experience.
The value of this vertical is soon to be appreciated by many - until then only those who understand that will continue to marvel at Nightfoods potential upside.
For Nightfood to succeed we need industry Standard ASAP.
This is going to be fun!!
Supermarkets - Trade Spend - Unsustainable
Anybody who has performed true DD on the supermarket vertical understands that unless you gain significant traction in said supermarkets you are basically screwed and pissing money into the wind!!
The team at Nightfood understands that the "path to Category Creation" is NOT via the supermarkets and that the cash injection that would be needed to try and make that happen would be beyond what they could afford.
The Golden Key Access to the hotel lobby shops is EVERYTHING!!!
Just watch it unfold as the likes of Rebel etc push millions into competing in the rather crowded supermarket shelves.
AAIMO
Because investors do not know how to subtract $1.00 from $3.25!!
Nightfood is selling pints to Vistar for $3.25.
NIghtfood is producing pints for close to $1.00 (or pretty close to this number).
Have a guess how much Nightfood needs to deduct from that $2.25 margin to account for slotting fees, BOGO and promotional discounts?!?
ZERO!!!!
Once in 4000 locations (at say $6/day) we are talking $24,000 a day or just over $8.5M annually. This does not include the soon to launch cookies and chips.
It is a no brainer.....IMO.
CEO states at 39'40" "We KNOW where this is going"
41'02" "I know we have a lot of eyes on us"...."We have been contacted by MANY of the worlds largest F&B companies"
When driving look forward.......
Some will choose to constantly look behind them - while others look forward, and occasionally check the rear vision mirror.
Nightfood is almost exclusively focused on the hotel vertical (and for good reason $$$).
IMO Retail Distribution will be "back on the menu" in late 2023.
"Stick a fork in it!"
I normally use a spoon actually.
The Pint needs to warm slightly on the bench and then I am good to go.
I ate half of pint of Cookies & Dreams last night actually. :)
I still think listening to the President of GrabScanGo makes more sense to me?
"Doesn't sound like high velocity to me"
Your "velocity comments" are based on your "apparent conversation" with a woman at the Beverly Hills Marriott and sales on 3 weeks of placement in their freezer.
Should investors listen to YOUR opinion or that of Jim Alexander, President of GrabScanGo?
Snacking is BOOMING....Generational changes
Point here is that the occasion for snacking is changing.
Snacking as an industry is not slowing down at all.
BUT......snacking with added functional benefit appears to be developing more and more.
IMO NIghtfood is in the right place at the right time.
Remeber that the CEO has gone on record as saying that he has already heard from some of the large CPG companies.....who could that be now?
Kellogg said it’s splitting into three publicly traded companies: snacks, cereal, and plant-based meat
Maybe Kellogg will be looking to acquire forward thinking functional snack companies - like say Nightfood?
From RobinHood Snacks;
Kellogg plans to split into 3 companies to unleash the power of its snack biz — and reinvigorate its cereal
Pringle and ready to mingle… Frosted Flakes and Pringles are breaking up. Cereal icon Kellogg said it’s splitting into three publicly traded companies: snacks, cereal, and plant-based meat (think: MorningStar patties). Kellogg became a snack giant thanks to faves like Cheez-Its and RxBars. Now it’s spinning off categories in hopes that specificity will boost profitability. The three biz lines are expected to go solo next year.
Pop Tart-ed: Kellogg stock popped 2% yesterday and is up 6% this year as shoppers keep buying Rice Krispies despite inflation and smaller boxes (#shrinkflation).
Cereal killer… Kellogg’s cereal sales have been slipping for years as Americans ditch Fruit Loops for less neon-colored options. But snacking is on the up and up after spiking during lockdowns. Now:
Snacks make up 80% of Kellogg’s sales and are growing faster than cereals and plant-based foods. Snacks boosted Kellogg’s profit last quarter, so it’s spinning them off to double down.
Solo snacks have succeeded before: A decade ago, Kraft spun off its snack brands (Oreo, Triscuits) into a new public company called Mondelez: today Mondelez’s market cap is twice Kraft-Heinz’s — and now it's buying Clif Bar for nearly $3B.
THE TAKEAWAY
Broader isn’t always better… Sometimes cereal problems should stay in the cereal aisle. With the split, Kellogg hopes to boost cereal margins (by fixing supply issues), expand plant-based market share (by attracting pure-play investors), and boost snack profits (by investing in new varieties). The strategy’s taking off: GE and Johnson & Johnson are breaking up biz categories in an attempt to boost profits, and Ford and Volvo plan to spin off their EV businesses.
Facts are Facts? Right? or No?
I think most of the intelligent investors know those who are working to provide facts to the masses and those who are unfortunately "full of the proverbial."
One day....and not maybe not too far away...we will see what has been baking for the last 9-12 months.
Once the GHC allows Sean to release the details we will understand exactly what is going on here in the Functional Food Space and the Hospitality Vertical .
AAIMO
Stock Price Goes Up and Then Down - MUST be a Scam!!!
Can you guys believe that #NGTF goes both up and down - No way?!? LOL
How many of the S&P 500 stocks have gone up, and then down, in the last year?
CRAZY!!!
Been there done that....
Nightfood a scam?....Not if you ask the 5000+ Investors?
NIghtfood is a legitimate company with legitimate products.
I have NIghtfood ice cream in my freezer at home and hope to soon will be able to buy the cookies. Not a scam.
Not ALL penny stocks fail and something tells me that Nightfood #NGTF is about to prove that fact.
Hey try it for yourselves;
Buy Nightfood Online
"Not being interested in yer girlfriends"
No surprise there....trust me. LOL.
Your use of the word "small" is subliminal if you ask me?
All will be revealed. Well not all - but you know what I mean.
Meijers / Harris Teeters / Walmart / Stepping Stones
Ever wonder how Nightfood managed to get into Harris Teeters?
Ever wonder how Nightfood managed to get into Walmart?
Every wonder how Nightfood caught the eye of a Top 5 Global Hotel Company?
I did not marry my first, second or even third serious girlfriend before meeting my wife? In life not all relationships work - but all of them lead to something new.
The CEO of NIghtfood has made it VERY clear (in public filings) that between the trade spend (and lack of traction with such small representation) that he was too early to the Retail Vertical. Yet ironically it is my understanding that the retail placements helped with the GHC in making the decision to run the pilot test a year ago.
Journey to Tomorrow IHG True Hospitality for Good
Wanna see how GHC like IHG are planning large initiatives that you are not aware of in your day to day life?
As I just posted about earlier today - Unilever and IHG have collaborated to save plastic - which brand do you think the other hotels are going to put into their bathroom and showers?
You're not far away from seeing who NGTF has partnered with for better for Sleep-Friendly Nighttime Snacks
Journey to Tomorrow: At a glance
IHG Unilever Global Collaboration 4,000 hotels.
Here is a perfect example of how a GHC like IHG (InterContinental Hotels & Resorts properties) can announce a partnership that changes the game.
IHG Unilever Global Collaboration 4,000 hotels
It is just a matter of time before NGTF becomes one of very few Brands to be launched in the Hotel Vertical before full mainstream retail distribution.
Yes I am LONG #NGTF
Who will it be?
"at least you sold some while encouraging everyone else to buy"
I do not recall if any of my posts "encouraging everyone" to buy NGTF shares?
Although I am sure you have saved something somewhere - I am not a financial advisor - and therefore do not "encourage" anybody to buy anything.
That being said - I feel very good about presenting facts about Nightfood - while others focus on the challenges of the past that come with attempting to launch a new brand during a pandemic?
LTRM8 - Time for Beer.
#NGTF's message is "what you eat before bed matters"
Night time snacking is NOT the Category.....IMO the category that is soon to arrive (via collaboration with multiple global hotel companies) is that of Sleep Friendly Snacks .
Functional F&B as it pertains to SLEEP is about to get extremely REAL.
"Take it to the bank"..... mate.
AAIMO.
Some Trade, some Invest and Some do both?
I have been transparent about the fact that I have “taken some money off the table” in the past as I needed cash.
When you believe in the vision and we’re lucky enough to pick up shares of NGTF at under $0.12 you can do that if you have to do so? And that is anyones prerogative.
I increased my position back in September 2021 after the successful hotel pilot test and purchased many more shares than I had previously sold.
But you are right…. at this time I have a very large position in NGTF…which from my perspective matches my confidence in the CEO…..and the possibility of the category being created.
If I’m right I will be the one laughing.
AAIMO
Zoom Out….Ice Cream, Cookies, Chips
Nightfood is NOT an Ice Cream Company not matter what ANYONE tries to tell you.
Nightfood is a Sleep-Friendly Nighttime SNACK Company.
Once the GHC launches their initiative IMO investors will see why Sean was asked to sign the confidentiality agreements.
It is close….VERY Close.
MNST April 1st 2004
Imagine the pain felt by those investors who sold MNST on April 1st 2004 for $0.29? Arguably April FOOL’S?!?
We all know what happened next…a NEW Category was created within the beverage industry.
Remember “Category creation” is…..”the act of creating an entirely new space within a specific market”.
NGTF is IMO rapidly approaching that tipping point where rapid distribution within the hotel vertical with HUGE margins could force the acceptance of the New category in the Snacking industry.
IF NGTF can attain 7500 hotels by Feb 2023 then it’s simply inevitable.
Hold tight. Buckle up. It’s going to be fun.
Your question was rhetorical.
You tell me
Maybe the 10-Q filed on 02/22/21 with the SEC?
Last line of page numbered F-12.
"Furthermore, we have experienced some Pandemic-related delays to our national hotel rollout"
NGTF 10-Q
Who can it be now?
Per March 3rd 2021 PR from NIghtfood;
"When COVID interrupted their hotel initiative approximately 12 months ago, Nightfood had secured distribution in an isolated handful of hotel locations spread across chains such as Fairfield Inn & Suites (Marriott), Staybridge Suites (InterContinental Hotels Group), and Residence Inn (Marriott)".
Nightfood Completes Initial Production With Updated Pack Design, Retail Testing Underway With National Hotel Partner
Who is the initial GHC?
When will they give the green light to release the PR?
Why the secrecy?
All will be revealed VERY SHORTLY............
In the mean time enjoy some classic music;
Who can it be now?
Cookies to have 250 mg of jujube powder!
jujube powder has Anti-insomnia properties.
Jujube, with the scientific name of Ziziphus jujube Miller, belongs to Rhamnaceae family. Ziziphus comes from a Hebrew word. The jujube tree, which is one of the native vegetation of Iranian plateau, is found in the provinces of Khorasan, Golestan, Mazandaran, Fars, Isfahan, Yazd, Hamedan, and Kerman; however, South Khorasan Provinces rank is first in terms of acreage and production of jujube in Iran (Shams Najafabadi, Sahari, Barzegar, & Hamidi Esfahani, 2017). Being nutritious and very delicious, jujube is full of vitamin C and amino acids (Wang et al., 2016). Recent studies have shown that jujube has anti-cancer, anti-inflammatory, hepatoprotective, anti-oxidative, and anti-insomnia properties, protects the digestive and nervous systems, and stimulates the immune system (Guo et al., 2015).
Jujube Powder
It does match "the majority" of it actually......lol
Tape Delay is worth the wait mate
I predict we will be back in Walmart by the end of 2023.
Let's see what happens to the stock price today shall we?
Nightfood Sleep-Friendly Cookies Slated for July Production
Tarrytown, NY, June 13, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Nightfood Holdings, Inc. (OTCQB: NGTF), the sleep-friendly snack company addressing the $50 billion Americans spend annually on nighttime snacks, today announced plans to launch Nightfood sleep-friendly cookies in July.
Nightfood’s “Prime-Time Chocolate Chip” is slated to be the first variety manufactured now that recipes and production tests have been finalized for that flavor. Cherry oat and snickerdoodle flavors are also nearing development completion and are expected to be produced in either July or August.
Nightfood’s sleep-friendly ice cream launched last month into hundreds of hotels in more than 40 states across the country. Significant distribution gains into thousands of additional hotel properties are projected for Nightfood ice cream in the coming months. Management believes adding additional snack formats, such as cookies, to hotel distribution will result in greater consumer trial and higher revenues per property.
One global hospitality company has already confirmed they intend to test Nightfood cookies in hotels. Management also expects to be able to leverage hotel ice cream pint sales data to facilitate the cookie rollout in other chains.
Additionally, Management believes significant distribution opportunities exist for Nightfood sleep-friendly cookies as a dessert on overnight international flights. Talks are currently ongoing with a major airline catering company which services many of the world’s largest international carriers.
“With our national ice cream hotel rollout now fully underway, we believe it’s time to take advantage of expansion into additional formats,” remarked Nightfood CEO Sean Folkson. “Like our ice cream, there is no sacrifice of taste or texture for consumers making a better nighttime snack choice. These are delicious cookies, which were specifically formulated to be both healthier and more sleep-friendly. That makes them a natural fit for hotels. And now, even hotels that don’t have ice cream freezers will be able to make Nightfood snacks available to their guests.”
Nightfood’s cookies are gluten-free and nut-free. An oat flour base was chosen because oats are naturally rich in melatonin. Date syrup was selected as a sweetener due to its higher anti-oxidant content and lower glycemic index, as well as other reported health benefits.
Compared to leading cookie brands, each serving of Nightfood sleep-friendly Prime-Time Chocolate Chip cookies contains approximately 40% less sugar, 40% less fat, 20% fewer calories, 200% more protein, and 500% more fiber. Each serving will also deliver 500mcg of vitamin B6, 500mg of inositol, and 250mg of jujube powder, along with other nutrients and ingredients selected to provide a more sleep-friendly nutritional profile for anybody snacking at night.
About Nightfood
Nightfood is pioneering the category of sleep-friendly nighttime snacking.
Over 80% of Americans snack regularly at night, resulting in an estimated 700 million nighttime snack occasions weekly, and an annual spend on night snacks of over $50 billion. The most popular choices are ice cream, cookies, chips, and candy. Recent research confirms such snacks, in addition to being generally unhealthy, can impair sleep, partly due to excess fat and sugar consumed before bed.
Nightfood’s sleep-friendly snacks are formulated by sleep and nutrition experts to contain less of those sleep-disruptive ingredients, along with a focus on ingredients and nutrients that research suggests can support nighttime relaxation and better sleep quality.
The brand is currently focused on establishing widespread national distribution of its sleep-friendly snacks in the high-margin hotel vertical. Leveraging a relationship with a global hospitality company, Nightfood began rolling into hotels across the United States in May 2022. Management believes hotels have an obligation to help guests achieve better sleep, and one way to do that is through the snacks hotels curate for sale in their grab-and-go lobby shops.
With an estimated 56,000 hotels across the United States, national distribution is expected to lead to profitability, consumer adoption of the nighttime snack category, and a strategically defensible position from which category leadership can be maintained.
Questions can be directed to investors@Nightfood.com
By signing up at ir.nightfood.com, investors can receive updates of filings and news releases in their inbox.
Forward Looking Statements:
This current press release contains "forward-looking statements.” Statements in this press release which are not purely historical (including, but not limited to statements that contain words such as “will,” “believes,” “plans,” “anticipates,” “expects” and “estimates”) are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, sales projections, potential customers, any products sold or cash flow from operations.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, (a) the inherent uncertainties associated with distribution of our products, (b) the market acceptance of our products at all levels of distribution and sale, including retail purchasers, wholesalers and hotel chains, (c) the success and commitment of our distribution partners to access distribution channels and successfully engage with sellers of our products, including, supermarkets and hotel chains, and our success in obtaining purchase orders from hotel chains, supermarkets and others, (d) competition from existing and new companies and products and (e) difficulties associated with obtaining financing on acceptable terms . These forward-looking statements are made as of the date of this news release, and we assume 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. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Media Contact:
Simon Dang
simon@nightfood.com
718-635-2949
Investor Contact:
Stuart Smith
SmallCapVoice
investors@nightfood.com
888-888-6444, x3
Primary Logo
Source: NightFood Holdings, Inc.
Released June 13, 2022