Board Change • Aug 07
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Director Erik LeVang was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Anuncio • May 22
Koios Beverage Corp., Annual General Meeting, Jul 11, 2024 Koios Beverage Corp., Annual General Meeting, Jul 11, 2024. New Risk • Feb 05
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: CA$131k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$1.7m free cash flow). Share price has been highly volatile over the past 3 months (87% average weekly change). Negative equity (-US$1.0m). Earnings have declined by 36% per year over the past 5 years. Shareholders have been substantially diluted in the past year (78% increase in shares outstanding). Market cap is less than US$10m (CA$710.5k market cap, or US$527.9k). Minor Risks Significant insider selling over the past 3 months (CA$131k sold). Revenue is less than US$5m (US$1.3m revenue). Reported Earnings • Jan 30
Second quarter 2024 earnings released: US$0.008 loss per share (vs US$0.034 loss in 2Q 2023) Second quarter 2024 results: US$0.008 loss per share (improved from US$0.034 loss in 2Q 2023). Revenue: US$343.2k (up 43% from 2Q 2023). Net loss: US$1.14m (loss narrowed 55% from 2Q 2023). Recent Insider Transactions • Dec 22
Vice President of Sales recently sold CA$73k worth of stock On the 15th of December, Gina Burrus sold around 492k shares on-market at roughly CA$0.15 per share. This transaction amounted to 7.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$162k more than they bought in the last 12 months. New Risk • Nov 19
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$2.1m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$2.1m free cash flow). Share price has been highly volatile over the past 3 months (26% average weekly change). Negative equity (-US$1.0m). Earnings have declined by 39% per year over the past 5 years. Shareholders have been substantially diluted in the past year (70% increase in shares outstanding). Market cap is less than US$10m (CA$2.84m market cap, or US$2.07m). Minor Risk Revenue is less than US$5m (US$1.2m revenue). Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. Independent Director Josh Luman was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Anuncio • Jun 23
Koios Beverage Corp. announced that it has received CAD 0.272 million in funding On June 22, 2023, Koios Beverage Corp. closed the transaction. Anuncio • Jun 15
Koios Beverage Corp. announced that it expects to receive CAD 0.272 million in funding Koios Beverage Corp. announced a private placement of a non-brokered private placement of 5,440,000 units at a price of CAD 0.05 per Unit for gross aggregate proceeds of CAD 272,000 on June 14, 2023. Each Unit consists of one common share in the capital of the Company and one transferable common share purchase warrant, each Warrant entitles the holder to acquire one additional Common Share of the Company at a price of CAD 0.05 for a period of 24 months from the date of issuance.
Closing of the proposed Offering is anticipated to occur on or about June 22, 2023. The Company does not anticipate to pay any finder’s fees in connection with the Offering. All securities issued pursuant to the Offering will be to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities laws of Canada. Anuncio • May 12
Koios Beverage Corp. Launches Innovative New Gummy Bear Line “Swol Bears” Infused with Vitamin D Koios Beverage Corp. announced the launch of a new, innovative gummy line to complement its popular, better-for-you Fit Soda™ beverage line. Made with clean, natural ingredients and infused with essential vitamins, this new gummy line offers a delicious and healthier snacking option that aligns with the Company’s mission to promote health and wellness. “Swol Bears” are in the final stages of production and it is expected that they will be available to the public by July of 2023. The Company has been working diligently to ensure that this latest product offering meets its high standards for quality and taste. Swol Bears are formulated with a proprietary blend of Vitamin D to deliver a daily dose of this essential nutrient in each bag. Vitamin D deficiency is a widespread concern, with studies indicating that around 42% of the U.S. population is affected1. This deficiency has been dubbed an "invisible epidemic" by researchers worldwide. With this new gummy line, the Company aims to help individuals overcome this deficiency in a delicious and convenient way, while maintaining a commitment to using clean and natural ingredients. Swol Bears are being dubbed, “sunshine in a bag.” Swol Bears are crafted with natural ingredients; each bag will contain only 1g of sugar, making it an ideal snack for individuals who want to indulge in something sweet while maintaining their health and wellness goals. The Company is committed to innovation and this new gummy line reflects its dedication to creating products that help people make healthier choices without sacrificing flavor or enjoyment. The Company’s new vitamin D infused gummy line is set to expand the Company's product portfolio and enable it to reach a wider audience through its direct-to-consumer business model. With the addition of Swol Bears to its product range, Koios can leverage its direct-to-consumer platform to target a wider range of consumers seeking innovative and healthy beverage and snack options. Koios is also pleased to announce that it is currently working on a new website that is expected to be launched within the next 60 days. The website will feature a fresh design and user-friendly interface that will make it easy for customers to explore the Company's innovative product line, including Swol Bears. Koios is excited to unveil its new website, which represents a significant step forward in the Company's efforts to expand its direct-to-consumer business model and make its products more accessible to a wider audience. Anuncio • May 10
Koios Beverage Corp. Announces Fit Soda(TM) Expands Availability in 343 Circle K Locations in Colorado, Texas and New Mexico Koios Beverage Corp. announce that the following four flavors of Fit Soda(TM): Black Cherry Cola, Root Beer Vanilla Float, Orange Cream and Sparkling Citrus are now available in 343 Circle K locations in Colorado, Texas and New Mexico.Circle K's success in the convenience retailing industry spans more than 60 years. The roots of Circle K trace back to 1951 when Fred Hervey purchased three Kay's Food Stores in El Paso, Texas. Over the years, Circle K has grown its retail network through a series of acquisitions and now operates in over 20 countries. Circle K has become one of the most widely recognized convenience store brands, known worldwide for quality products and great customer service. Circle K has become one of the most widely recognized convenience store brands, known worldwide for quality products and great customer service. Circle K has come a long way since its humble beginnings, and they are proud of where they been and where they are going. Reported Earnings • May 01
Third quarter 2023 earnings released: US$0.032 loss per share (vs US$0.009 loss in 3Q 2022) Third quarter 2023 results: US$0.032 loss per share (further deteriorated from US$0.009 loss in 3Q 2022). Revenue: US$388.6k (down 48% from 3Q 2022). Net loss: US$2.54m (loss widened US$2.40m from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 59% per year, which means it is performing significantly worse than earnings. Board Change • Apr 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. Independent Director Josh Luman was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Jan 17
First quarter 2023 earnings released: US$0.033 loss per share (vs US$0.043 loss in 1Q 2022) First quarter 2023 results: US$0.033 loss per share. Revenue: US$276.8k (up 37% from 1Q 2022). Net loss: US$2.19m (loss widened 481% from 1Q 2022). Anuncio • Oct 04
Koios Beverage Corp. announced that it has received CAD 0.1 million in funding Koios Beverage Corp. announced a non-brokered private placement of 2,000,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 100,000 on October 3, 2022. Each Unit consists of one common share and one transferable common share purchase warrant. Each Warrant will entitle the holder thereof to acquire one additional Share at a price of CAD 0.075 per Warrant for a period of five years from closing. All securities issued are subject to a statutory hold period of four months and one day from the date of issuance. No finder’s fees were paid in the transaction. Anuncio • May 18
Koios Launching 6 New Flavors of Fit Soda Functional Beverages Koios Beverage Corp. announced it is launching 6 new flavors of its Fit Soda™ functional beverages. It will be releasing the following flavors: Cherry Slushie, Strawberry Snow Cone, Mimosa, Pumpkin Spice, Sweet Tea Lemonade and Blueberry Lemonade. The Company has developed new flavors in response to a rapidly increasing demand for Fit Soda™. Some of these new and unique flavors will be exclusive to specific retailers. Fit Soda™ is in the second phase of the Company’s product launch which began in early 2018 with the production of KOIOS™, a nootropic beverage intended to increase mental focus and acuity. Fit Soda™ has zero sugar, is made with naturally occurring electrolytes and is infused with branched-chain amino acids. Fit Soda™ was first launched in 2019, since inception, the KOIOS™ and Fit Soda™ functional beverage lines have seen explosive growth with large distributors and corporate retailers in the world, including: Walmart, Ingles, GNC, Harris Teeter, Raley’s, KEHE, United Supermarkets, Sprouts Markets and more. Reported Earnings • May 01
Third quarter 2022 earnings released: US$0.009 loss per share (vs US$0.077 loss in 3Q 2021) Third quarter 2022 results: US$0.009 loss per share (up from US$0.077 loss in 3Q 2021). Revenue: US$746.3k (up US$647.0k from 3Q 2021). Net loss: US$138.2k (loss narrowed 77% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 49% per year, which means it is significantly lagging earnings. Anuncio • Apr 22
Koios Beverage Corp Appoints Sherron Lewis as President of Operations Koios Beverage Corp. announced that Sherron Lewis has been appointed as the Company's President of Operations effective immediately. Prior to joining Koios, Mr. Lewis led strategic and operational transformations of complex private, public and nonprofit organizations. As President of Operations, Mr. Lewis he will ensure Koios is highly aligned and effective in delivering its operational and sales objectives. Board Change • Mar 29
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 5 experienced directors. No highly experienced directors. Founder, CEO, Interim Corporate Secretary, CFO & Director Chris Miller is the most experienced director on the board, commencing their role in 2018. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Anuncio • Mar 01
Koios Beverage Corp. (CNSX:FIT) entered into a non-binding letter of intent to acquire Retox Beverage Corp. for $2.1 million. Koios Beverage Corp. (CNSX:FIT) entered into a non-binding letter of intent to acquire Retox Beverage Corp. for $2.1 million on February 27, 2022. The company would acquire all of the issued and outstanding securities of Retox in exchange for an aggregate of 15,000,000 units of the company. The units will be issued at a deemed price of $0.10 per unit, with each unit comprised of one common share of Koios and one common share purchase warrant, with each warrant exercisable for period of twelve months from issuance with an exercise price of $0.175 per share. Current Retox shareholders are expected to own approximately 29.33% of the company’s common shares on a non-diluted basis, and 30.34% on a fully-diluted basis, before giving effect to the issuance of any finder’s fee. Upon closing of the proposed transaction, Retox will have the right to appoint one director to the board of directors of Koios.
The proposed transaction is subject to receipt of all necessary regulatory approvals, including, as applicable, approval of the Canadian Securities Exchange, completion of due diligence reasonable or customary in a transaction of a similar nature, and entering into a definitive agreement, among other conditions. The company and Retox agreed to negotiate in good faith the terms of a definitive agreement with respect to the proposed transaction on or before March 15, 2022 and to consummate the proposed transaction on or before March 31, 2022. Upon closing of the proposed transaction, the company may also pay a finder’s fee comprised of a combination of cash, shares or warrants of the company. Anuncio • Feb 09
Koios Beverage Corp. announced that it has received CAD 2.7443 million in funding Koios Beverage Corp. announced a non-brokered private placement of 27,443,000 units at a price of CAD 0.10 per unit for gross proceeds of CAD 2,744,300 on February 8, 2022. Each unit was comprised of one common share and one transferable common
share purchase warrant with each warrant entitling the holder to purchase one additional share at a price of CAD 0.25 for a period of one year from the date of issuance. The securities are subject to a statutory hold period of four months and one day from the date of issuance. In the event that the shares have a closing price on the exchange of CAD 0.50 or greater per share for a period of 5 consecutive trading days at any time prior to the expiry date of the warrants, the company may accelerate the expiry date of the warrants by giving notice to the holders thereof and, in such case, the warrants will expire on the 30th day after the date of such notice. The company paid finder’s fees of CAD 139,475 in cash to qualified parties. Reported Earnings • Jan 30
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: US$0.006 loss per share (up from US$0.025 loss in 2Q 2021). Revenue: US$259.6k (up 88% from 2Q 2021). Net loss: US$561.9k (loss widened 184% from 2Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 60% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 09
Full year 2021 earnings released: US$0.026 loss per share (vs US$0.039 loss in FY 2020) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2021 results: Revenue: US$641.0k (down 27% from FY 2020). Net loss: US$2.08m (loss narrowed 31% from FY 2020). Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has fallen by 51% per year, which means it is significantly lagging earnings. Executive Departure • Aug 26
Chief Financial Officer Johannes van der Linde has left the company On the 24th of August, Johannes van der Linde's tenure as Chief Financial Officer ended after 2.7 years in the role. We don't have any record of a personal shareholding under Johannes' name. Johannes is the only executive to leave the company over the last 12 months. Reported Earnings • May 04
Third quarter 2021 earnings released: US$0.008 loss per share (vs US$0.007 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: US$99.3k (down 51% from 3Q 2020). Net loss: US$608.5k (loss widened 7.0% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 46% per year, which means it is significantly lagging earnings. Anuncio • Mar 10
Koios Beverage Corp. announced that it has received CAD 0.9 million in funding Koios Beverage Corp. (CNSX:KBEV) announced a non brokered private placement of 45,000,000 warrants at a price of CAD 0.2 per warrant for gross proceeds of CAD 900,000 on March 8, 2021. Each warrant entitles the holder to acquire one unit. Each unit consists of one common share in the capital of the company and one transferable common share purchase warrant. Each warrant will entitle the holder thereof to acquire one unit at a price of CAD 0.03 per unit for a period of two years from closing. Each conversion warrant will entitle the holder thereof to acquire one additional share at a price of CAD 0.05 per share. No finder’s fees have been paid in connection with the private placement. All securities issued are subject to a statutory hold period of four months and one day from the date of issuance. The transaction includes participation from Chris Miller, the President, Chief Executive Officer, and a director of the company and two insiders. Recent Insider Transactions • Mar 04
Founder recently sold CA$75k worth of stock On the 25th of February, Christopher Miller sold around 500k shares on-market at roughly CA$0.15 per share. This was the largest sale by an insider in the last 3 months. Christopher has been a seller over the last 12 months, reducing personal holdings by CA$108k. Anuncio • Feb 27
Koios Beverage Corp. to Launch Fit Soda Hard in June 2021 Koios Beverage Corp. announced that in June 2021 it intends to launch Fit Soda Hard as a “flanker” brand to its existing Fit Soda™ functional beverage product line. Launched on July 19, 2019 and dubbed by Koios as the “Anti-Soda”, Fit Soda™ is a sugar-free carbonated beverage with zero calories, containing ingredients to include branched-chain amino acids and electrolytes, which have been shown to improve various aspects of one’s well-being. Fit Soda™ has enjoyed considerable success to date, including the addition of all four flavours to Walmart’s U.S. online store and 461% growth in order volume from a Wisconsin distributor during the period of May 2020 through June 2020. Between the sustained performance of Fit Soda™ in the United States in its second year and impressive popularity of canned “hard seltzer” among consumers aged 21+ in the alcoholic beverages category, the Company has identified a promising opportunity to produce a variant of Fit Soda™ infused with fermented alcohol produced using its in-house canning line located in the Denver, Colorado area. Anuncio • Feb 26
Koios Beverage Corp. Announces Full Range of Five Flavors of its KOIOS™ Nootropic Beverages Koios Beverage Corp. announced that the full range of five flavors of its KOIOS™ nootropic beverages can now be purchased at all grocery stores operated by Jensen’s Foods, a long-established family-owned grocery chain operating in the San Diego, Los Angeles, and Palm Springs areas of Southern California. In a press release dated February 19, 2021, the Company announced another chain-wide placement of KOIOS™ nootropic beverages on the west coast of the United States with Market of Choice in Oregon. With this placement of KOIOS™ in Jensen’s supermarkets, the Company’s beverage products are now carried in approximately 180 retail stores on the west coast, out of a total of more than 4,000 retail stores nationwide. Anuncio • Feb 25
Massachusetts Supermarket Chain Roche Bros. to Carry Fit Soda Starting March 9, 2021 in All Locations Under Three Banners Koios Beverage Corp. announced that as of March 9, 2021 its Fit Soda™ functional beverage product will be carried by Roche Bros. Supermarkets Inc. (“Roche Bros”), a supermarket chain of 21 stores operating under three banners in Massachusetts with over 4,800 associates. In a dated January 28, 2021, the Company announced a distribution agreement with Chex Finer Foods Inc. (“Chex”), a specialty and natural foods distributor that services the New England area (Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, Vermont) and was named “North Atlantic Regional Supplier Partner of the Year” by natural and organic grocery market leader Whole Foods in 20131. Within just weeks of beginning this engagement, Chex has placed all four flavours of the Company’s Fit Soda™ beverage product in all stores of the Roche Bros chain, enhancing the Company’s existing presence in eastern Massachusetts. Roche Bros is in its second generation of family ownership, having started in 1952 as a meat and produce shop in Roslindale, MA. Adding a grocery department in 1957, Roche Bros went on to open a second location two years later. Roche Bros continued to grow its family of stores, and in its fourth location introduced a wider variety of departments to include bakery and floral, as well as a restaurant. As of 2021, Roche Bros operates a total of 21 grocery stores with three banners to include its Roche Bros, as well as Sudbury Farms and Brothers Marketplace, a “neighbourhood market” concept. In 2015, Roche Bros opened a new location in the lower level of the former Filene’s department store building in Downtown Crossing (one of Boston’s shopping districts), which in the same year housed the first U.S. retail store of European fast fashion giant Primark. Notably, this 25,000 square foot Roche Bros location was the first full-scale grocery store to operate in downtown Boston in decades. Anuncio • Feb 20
Koios Beverages to Be Sold in All Market of Choice Supermarkets in Oregon Starting March 15, 2021 Koios Beverage Corp. announced that starting on March 15, 2021, its KOIOS nootropic beverage products will be sold in all 11 supermarket locations of Market of Choice, Inc., a chain of grocery stores in Oregon. With approximately 30 existing retailers of Koios beverages in Oregon (population 4.2 million), the addition of all five KOIOS flavours to the in-store offerings of Market of Choice in its 11 locations can further strengthen awareness and adoption of the Company’s products in the Oregon market. With approximately 135 stores also carrying Koios beverages in California and Washington State, this placement adds to the Company’s already strong presence on the west coast of the United States with a nationwide total of more than 4,000 stores that sell Koios products. Anuncio • Feb 19
Koios Beverage Corp Partners with Beauty Gourmet Llc to Form Subsidiary Names Bevcreation Llc Koios Beverage Corp. announced that it has partnered with Beauty Gourmet LLC to form a subsidiary named Bevcreation LLC (“Bevcreation”), which currently operates a commercial-scale beverage canning facility in the Denver, Colorado area. In addition to packaging the Company’s KOIOS™ nootropic beverages and Fit Soda™ functional beverages, the Bevcreation canning facility also presently undertakes contract production work for other functional beverage brands. This practice, which is known as “contract packaging” or “co-packing”, is a common strategy for consumer packaged goods (“CPG”) firms to maximize use of their respective infrastructures for manufacturing. Based on current bandwidth, the
Bevcreation canning facility’s production slots are approximately 60% booked until at least early 2022. After the Bevcreation canning facility began operations in early February 2021, gross revenue from confirmed orders amounts to an average of more than $80,000 per calendar month. As a result, the Company expects that the canning facility operated by its subsidiary Bevcreation will earn more than $1,000,000 in gross revenues in its first year of operation. Anuncio • Feb 18
Koios Beverage Corp. announced that it has received CAD 0.6 million in funding Koios Beverage Corp. (CNSX:KBEV) announced a private placement of convertible debenture for proceeds of CAD 600,000 on February 16, 2021. The convertible debenture is unsecured and bears an interest rate of 15% per annum. The debentures have a maturity date of October 1, 2021. The holder shall have the right at its option to convert all or a portion of the principal amount of the convertible debenture into common share at a price that is the lesser of the five-day volume weighted average price for five trading sessions on the Canadian Securities Exchange immediately prior to the issue date and a 25% discount to the volume weighted average price for the five-day trading sessions prior to conversion per common share or such minimum price as may be permitted by the CSE. The company shall have the right, at its option, to redeem at any time prior to the maturity date, whole or any part of the convertible debenture then outstanding, at a redemption price equal to 115% of the aggregate principal amount of the convertible debenture to be redeemed as of the business day immediately preceding the redemption date, together with all interest accrued and remaining unpaid. All securities issued in connection with the transaction will be subject to a four-month hold period under securities laws. Anuncio • Feb 17
All Five KOIOS Flavours Now Sold in Good Earth Natural Foods Koios Beverage Corp. announced that all five flavours of its nootropic beverage product KOIOS™ are now being carried by Good Earth Natural Foods Inc., a chain of natural food markets in Utah. Adding onto the existing presence of the Company’s products in approximately 50 retail points of sale in the state of Utah, the placement of KOIOS™ in Good Earth stores could enable the Company to further penetrate the functional beverages segment in Utah, which has a total population of approximately 3.2 million people. Good Earth offers Utah’s largest selection of sports nutrition products, as well as the state’s largest selection of products in several other categories. Based on the performance of KOIOS™ to date in the natural food and beverage channel, Koios anticipates that Good Earth could be a catalyst in the Company’s efforts to gain additional market share in the functional beverages vertical. Good Earth was founded in 1973 with its first store in Provo, out of its proprietors’ dedication to health. Later adding new locations through family partnerships, Good Earth steadily grew to its current position as a prominent player in Utah’s natural foods category. In addition to sports nutrition products, Good Earth’s stores have standard grocery departments including produce, dairy, and bulk foods. Taking a knowledge-based approach to its health-centric value proposition, Good Earth also carries a wide range of books and printed literature. Further, each store has a dedicated staff of Wellness Consultants whose specialties include sports nutrition, digestive health, and holistic remedies. To enrich the customer experience, Good Earth regularly hosts various informational seminars, as well as interactive in-store experiences (e.g., body composition testing). Although nootropic supplements and capsules are currently sold in Good Earth stores, KOIOS™ will be the only nootropic beverage product available in the chain. Also boasting the selection of nutritional supplements in Utah, Good Earth carries a vast array of vitamins, minerals, supplements, herbs, homeopathics, and tinctures. At a later date, the Company intends to negotiate a potential placement of its KOIOS™ supplement products (offered in two flavours, Blueberry Lemonade and Gummy Bear) as well as its Fit Soda™ functional beverages (offered in four flavours, Orange Cream, Root Beer Vanilla Float, Black Cherry Cola, and Sparkling Citrus) in Good Earth stores to complement its KOIOS™ canned nootropic beverages. Anuncio • Feb 11
UNFI Becomes a Distributor of KOIOS™ and Fit Soda™ Functional Beverages Koios Beverage Corp. announced that it has entered into a distribution agreement with United Natural Foods, Inc. Under UNFI’s distribution agreement with the Company dated February 8, 2021, UNFI will carry KOIOS™ and Fit Soda™ functional beverages (collectively, “Koios Beverages”) in the United States. With operations dating back to 19762, UNFI has acquired several players in natural and organic food and beverage distribution including Millbrook Distribution Services, Haddon House, and Minnesota-based grocery wholesale and retail conglomerate SUPERVALU, which was acquired by UNFI in 2018 in a cash deal valued at approximately USD $2.9 billion. For the past two decades, UNFI has been the largest supplier to the organic and natural supermarket chain Whole Foods, whose business represents approximately one third of UNFI’s revenues. Given UNFI’s robust distribution network and access to tens of thousands of potential points of sale for Koios Beverages across the country, the Company is confident that its recent distribution agreement with UNFI can be instrumental to scaling Koios’ sales pipeline and brand presence in the United States. In total, UNFI represents approximately 250,000 stock-keeping units (“SKUs”) in various food and beverage categories including approximately 5,000 private-label SKUs spanning 200 categories. With a roster of over 10,000 product suppliers who have varying needs and experience levels, UNFI provides resources to its suppliers which include offering category management guidance, hosting events, and providing personalized service to maximize UNFI’s value-add as a distributor5. UNFI’s truly “nationwide” footprint consists of 58 distribution centres and a fleet of 2,200 trucks which deliver more than 700 million cases of product per year. After entering its fifth decade of operations in December of 2017, UNFI was recognized as one of the most effectively managed companies in the United States, and was named in the Management Top 250 list by the Wall Street Journal2. As a new distributor of Koios Beverages, UNFI will begin exploring potential placements for KOIOS™ and Fit Soda™ in its distribution network to prompt trials of the product and ensure a steady supply to encourage and facilitate repeat purchases. UNFI has approximately 30,000 accounts to include natural product superstores, independent retailers, conventional supermarket chains, ecommerce retailers, and customers in the foodservice industry. Anuncio • Jan 29
Koios Beverage Announces Distribution Agreement with Chex Finer Foods Koios Beverage Corp. announced that its KOIOS™ and Fit Soda™ functional beverage products are now represented by Chex Finer Foods, Inc. (Chex). Buyers from two separate east coast grocery chains who are also clients of Chex inquired about ordering Koios’ beverage products, prompting Chex to approach the Company earlier this year to discuss a potential distribution deal. As of January 26, 2021, Chex now carries all five varieties of the Company’s KOIOS™ nootropic beverage as well as all four varieties of Fit Soda™. The two grocery accounts that inquired to Chex about the Company’s products collectively have a retail presence in more than 20 states, giving Koios the opportunity to potentially expand its geographical footprint in the functional beverage category in the United States. Anuncio • Nov 06
Koios Beverage Corp.’ Fit Soda™ to Be Carried in over 100 HEB Supermarket Locations Throughout Texas Koios Beverage Corp. (the "Company" or "Koios") announced that its Fit Soda™ functional beverage is now being carried in approximately one third of grocery retail locations operated by HEB Grocery Company, LP (“HEB”). Following successful placements of the Company’s eponymous KOIOS™ nootropic beverage in stores of major U.S. retailers to include Walmart Inc. (“Walmart”) and GNC Holdings Inc. (“GNC”), as well as placement of Fit Soda™ in Walmart’s U.S. online storefront, the introduction of Fit Soda™ to more than 100 HEB stores in Texas marks the product’s first availability in “brick-and-mortar” retail locations of a major grocer in the United States. To date in 2020, Fit Soda™ has sold approximately 700,000 units, with continued positive reception from customers across the country. Reported Earnings • Nov 02
First quarter earnings released Over the last 12 months the company has reported total losses of US$3.04m, with losses narrowing by 1.1% from the prior year. Total revenue was US$907.2k over the last 12 months, up 124% from the prior year. Anuncio • Oct 01
Koios Beverage Corp. Auditor Raises 'Going Concern' Doubt Koios Beverage Corp. filed its Annual on Sep 28, 2020 for the period ending May 31, 2020. In this report its auditor, Dale Matheson Carr-Hilton, gave an unqualified opinion expressing doubt that the company can continue as a going concern. Reported Earnings • Sep 30
Full year earnings released - CA$0.039 loss per share Over the last 12 months the company has reported total losses of US$3.00m, with losses narrowing by 4.0% from the prior year. Total revenue was US$871.5k over the last 12 months, up 257% from the prior year. 