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Nutritional Growth Solutions (ASX:NGS) expands US presence with Healthy Edge Group deal

ASX News, Consumer Discretionary
ASX:NGS      MCAP $5.815M
23 August 2022 17:30 (AEDT)
Nutritional Growth Solutions (ASX:NGS) - CEO & Managing Director, Liron Fendell

Source: Liron Fendell/LinkedIn

Nutritional Growth Solutions (NGS) has expanded its presence in the United States through a distribution agreement with The Healthy Edge Group.

Under the agreement, three items from NGS’ Healthy Heights range will be stocked through Healthy Edge’s 20 natural food stores in the States.

The agreement will begin immediately with products expected to start selling in stores during September.

While NGS is unable to quantify the revenue at this time, it believes it will be significant since it is its first entrance into a US natural food store.

“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,” CEO and Managing Director Liron Fendell 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.”

NGS has ended the day in the grey with shares trading at 13 cents.

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