Koios Beverage Corp (FITSF)

[TheVeteran]

$KBEVF Koios Chief Executive Officer Chris Miller commented, “As we work towards expanding our market share in the functional beverage space, we have come to recognize that even with winning product formulations and well-liked brands such as KOIOS™ and Fit Soda™, it is a smart play for us to own a portion of our production line in order to be competitive. Although we have been successful to date using third-party manufacturers, we are now at a point where it makes sense for us to operate our own production facility in the Denver, CO area. Not only does this enrich our overall scope of capabilities, it also gives us the opportunity to deliver better product to our customer base while potentially reducing net costs. Co-packing is a standard practice among major beverage manufacturers, and by aligning our practices with theirs we believe Koios is now even better equipped to gain a strong market position in the functional beverages segment, as well as in the CPG industry.”