Stryve Foods, Inc. (“Stryve” or “the Company”) (NASDAQ: SNAX), an
emerging healthy snack and eating platform disrupting traditional
consumer packaged goods (CPG) categories, and a leader in the
air-dried meat snack industry in the United States, is pleased to
announce distribution expansion in the convenience store channel.
This marks a significant milestone for the company as it continues
to broaden its reach and make its products more accessible to
consumers seeking high protein, convenient and better for you
on-the-go snacks.
Recognizing the growing demand for healthier
snack choices, Stryve Foods has recently been awarded new and
expanded distribution with a range of leading convenience store
chains. Previously we announced the expansion of Vacadillos into
7-11/Speedway, we are proud to share, additional new partnerships
including Travel Centers of America, Royal Farms, select Circle K
regions, Kum & Go, Hutchinson Oil, Murphy Oil, Plaid Pantry,
Cal’s Convenience, CEFCO, EnMarket, G&M Oil, Get Go, Jackson’s,
NEXCOM, Parker Company, Pilot/Flying J, Quik Chek, Refuel, Sunoco,
Town Pump, Vintners and United Dairy Farmers to bring our
innovative and protein-packed products to a wider audience. This
expansion builds upon the brand's existing distribution network,
which includes mass merchandisers, drug stores, grocery stores,
online platforms, natural channel stores and other select
retailers.
Convenience stores are an essential part of
consumers' daily routine for the meat snack category, providing
quick and accessible solutions for busy individuals seeking protein
snacks. This channel expansion is an important part of our growth
agenda, as Stryve Foods aims to cater to the needs of
health-conscious customers who desire wholesome options without
compromising on taste or convenience.
Stryve Foods offers a diverse range of
high-protein snacks that are both delicious and nutritious under
the Stryve, Vacadillos and Kalahari brands. Our unique air-dried
and seasoned meat snacks are made from top-quality steak. With its
minimal ingredients, low to no sugar, and gluten-free formulation,
we offer the consumer the ideal choice for individuals following
various diets and lifestyles, including paleo, keto, and
low-carb.
"We are thrilled to expand our distribution in
the convenience store channel," said Chris Boever, CEO of Stryve
Foods. "This provides us important momentum towards our growth
agenda, allowing us to reach a broader audience and provide
consumers with healthier snacking options that taste fantastic. We
believe that everyone deserves access to convenient and nutritious
snacks, and this expansion helps us fulfill that mission."
Stryve Foods' expansion within the convenience
store channel underscores the brand's commitment to meeting the
evolving needs of consumers while empowering them to make better
snacking choices. By making our products readily available in these
locations, Stryve Foods aims to be at the forefront of the growing
demand for healthy, on-the-go snack options.
About Stryve Foods, Inc.Stryve
is a premium air-dried meat snack company that is conquering the
intersection of high protein, great taste, and health under the
brands of Braaitime, Kalahari, Stryve, and Vacadillos is a healthy
snacking and food company that manufactures, markets and sells
highly differentiated healthy snacking and food products that is
planned to disrupt traditional snacking and CPG categories.
Stryve’s mission is “to help Americans eat better and live happier,
better lives.” Stryve offers convenient products that are lower in
sugar and carbohydrates and higher in protein than other snacks and
foods. Stryve’s current product portfolio consists primarily of
air-dried meat snack products marketed under the Stryve®,
Kalahari®, Braaitime®, and Vacadillos® brand names. Unlike beef
jerky, Stryve’s all-natural air-dried meat snack products are made
of beef and spices, are never cooked, contain zero grams of sugar*,
and are free of monosodium glutamate (MSG), gluten, nitrates,
nitrites, and preservatives. As a result, Stryve’s products are
Keto and Paleo diet friendly. Further, based on protein density and
sugar content, Stryve believes that its air-dried meat snack
products are some of the healthiest shelf-stable snacks available
today. Stryve also markets and sells human-grade pet treats under
the brand Two Tails, made with simple, all-natural ingredients and
100% real beef with no fillers, preservatives, or by-products.
Stryve distributes its products in major retail
channels, primarily in North America, including grocery, club
stores and other retail outlets, as well as directly to consumers
through its ecommerce websites and through the Amazon platform. For
more information about Stryve, visit www.stryve.com or follow us on
social media at @stryvebiltong.
* All Stryve air-dried products contain zero
grams of added sugar, with the exception of the Chipotle Honey
flavor of Vacadillos, which contains one gram of sugar per
serving.
Cautionary Note Regarding
Forward-Looking StatementsCertain statements made herein
are “forward-looking statements” within the meaning of the “safe
harbor” provisions of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements may be identified by the use of
words such as “anticipate”, “may”, “will”, “would”, “could”,
“intend”, “aim”, “believe”, “anticipate”, “continue”, “target”,
“milestone”, “expect”, “estimate”, “plan”, “outlook”, “objective”,
“guidance” and “project” and other similar expressions that predict
or indicate future events or trends or that are not statements of
historical matters, including, but not limited to, statements
regarding Stryve’s plans, strategies, objectives, targets and
expected financial performance. These forward-looking statements
reflect Stryve’s current views and analysis of information
currently available. This information is, where applicable, based
on estimates, assumptions and analysis that Stryve believes, as of
the date hereof, provide a reasonable basis for the information and
statements contained herein. These forward-looking statements
involve various known and unknown risks, uncertainties and other
factors, many of which are outside the control of Stryve and its
officers, employees, agents and associates. These risks,
uncertainties, assumptions and other important factors, which could
cause actual results to differ materially from those described in
these forward-looking statements, include: (i) the inability to
achieve profitability due to commodity prices, inflation, supply
chain interruption, transportation costs and/or labor shortages;
(ii) the ability to recognize the anticipated benefits of the
Business Combination or meet financial and strategic goals, which
may be affected by, among other things, competition, supply chain
interruptions, the ability to pursue a growth strategy and manage
growth profitability, maintain relationships with customers,
suppliers and retailers and retain its management and key
employees; (iii) the risk that retailers will choose to limit or
decrease the number of retail locations in which Stryve’s products
are carried or will choose not to carry or not to continue to carry
Stryve’s products; (iv) the possibility that Stryve may be
adversely affected by other economic, business, and/or competitive
factors; (v) the effect of the COVID-19 pandemic on Stryve; (vi)
the possibility that Stryve may not achieve its financial outlook;
(vii) risks around the Company’s ability to continue as a going
concern and (viii) other risks and uncertainties described in the
Company’s public filings with the SEC. Actual results, performance
or achievements may differ materially, and potentially adversely,
from any projections and forward-looking statements and the
assumptions on which those projections and forward-looking
statements are based.
Investor Relations Contact:Three Part Advisors,
LLCSandy Martin or Phillip
Kuppersmartin@threepa.com or pkupper@threepa.com214-616-2207
or 817-778-8339
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