Nightfood, Inc. (OTCQB: NGTF) now in Sonesta International Hotels Multiple Brands

Nightfood, Inc. (OTCQB: NGTF) just announced that it has teamed up with Sonesta International Hotels Corporation to offer Nightfood's sleep friendly snacks across multiple brands.

Miami, FL -- March 13, 2023 -- InvestorsHub NewsWire -- via EmergingGrowth.com, a leading independent small cap media portal with an extensive history of providing unparalleled content for the Emerging Growth markets and companies, reports on Nightfood, Inc. (OTCQB: NGTF).

Nightfood Holdings, Inc. (OTCQB: NGTF), the company pioneering the sleep-friendly nighttime snacking category, announced today that Sonesta International Hotels Corporation (Sonesta) is the first hotel company to introduce sleep-friendly Nightfood ice cream pints across multiple brands. See the full press release here.

 

Sonesta is launching Nightfood into approximately 160 managed Sonesta Select, Sonesta ES Suites, and Sonesta Simply Suites properties nationwide during Sleep Awareness Week beginning on March 12, 2023.

 

Prior to this announcement, Nightfood Holdings, Inc. had a market cap of just over $10 million.

 

Nightfood (OTCQB: NGTF) has tested and closed above its December 2020 low pivot points or support, twice over the past 6 months. If it holds support, the stock has room to .18 - .21 and if it breaks through, the next resistance levels are .30 and .52. One could argue that, based on a technical analysis, if it breaks its first level of resistance, it has room to begin to test its highs.   

In early 2020, Sonesta had 80 hotels worldwide, and today, Sonesta is the eighth largest hotel company in the United States, with approximately 1,200 properties totaling 100,000 guest rooms across 17 brands in eight countries. 

Elizabeth Harlow, Chief Marketing & Brand Officer, Sonesta.

"We're delighted to provide our guests the option to choose a Nightfood sleep-friendly snack that contains less sugar than traditional ice cream while formulated to support better sleep across Sonesta Select, Sonesta ES Suites and Sonesta Simply Suites managed properties nationwide."

The first phase of the roll-out across the three Sonesta managed brands features Nightfood ice cream pints in Cookies n' Dreams and Midnight Chocolate flavors available for purchase in hotel lobby markets.

More on Nightfood Holdings, Inc. (OTCQB: NGTF):

Impulsify ImpulsePoint point-of-sale hotel data shows that Nightfood is challenging Haagen Dazs when head-to-head in hotel lobby shops.  In November, across the complete subset of 29 hotels that only carried those 2 brands and for which Impulsify data was available, Nightfood accounted for 42% of all pint volume and outsold Haagen Dazs in 38% of the hotels, despite carrying a higher average retail price. Link to release here.

Further, Nightfood outsold Ben & Jerry's and Baskin Robbins in a separate controlled hotel lobby shop test. In that test, third-party point of sale data collected across more than 30 major hotels for nine weeks of sales showed Nightfood pints captured 43% of all pint volume.  Ben & Jerry's had 34%, and Baskin Robbins had 23%.  All pints were priced at the same $8.50 per pint during this testing period.  See the full release here.

Since launching into national hotel distribution in May of 2022, Nightfood has secured placements in select locations of major hotel chains including Courtyard by Marriott (NASDAQ: MAR), Hyatt Hotels Corp.'s (NYSE:H) Hyatt House, InterContinental Hotels Group's (NYSE: IHG) Holiday Inn Express, Candlewood Suites, Springhill Suites, Fairfield Inn, Crowne Plaza, Sonesta, and many more. 

According to Morningstar's "Undervalued Defensive Stocks to Buy Now", Consumer defensive companies are engaged in the manufacturing of food and beverages, household and personal products, packaging, and tobacco. In the same article Kellogg (NYSE: K), a manufacturer of market snacks and convenience food made Morningstar's list of the 9 most undervalued stocks.

There is a lot of investment chatter regarding food stocks:

Motley Fool's Josh Kohn-Lindquist "Hormel Foods (NYSE: HRL) should be a prime rebound candidate after temporary issues held it back in 2022."

The Hershey Company (NYSE: HSY) $240 million stock buyback

The Coca-Cola company (NYSE: KO) showed strong earnings in its Q4 2022 report. 

Barons mentions in "Four Food Stocks for Growth" J&J Snack Foods Corp. (NASDAQ: JJSF), Lam Weston Holdings (NYSE: LW), and Cal Maine Foods (NASDAQ: CALM).

Should Nightfood (OTCQB: NGTF) have made the list of Timothy Green of Motley Fool's "Best Food Stocks to Buy in 2023" which includes: General Mills (NYSE: GIS), Tyson Foods (NYSE: TSN) Mondelez International (NASDAQ: MDLZ), PepsiCo (NASDAQ: PEP), (Beyond Meat (NASDAQ: BYND), and (Sprouts Farmers Market (NYSE: SFM)?

Nightfood recently announced both a global airline and national hotel chain will soon be testing Nightfood cookies as amenities to be given to travelers as nighttime snacks.  The Company estimates that cookies offered as a check-in amenity in a national hotel chain could deliver the revenue equivalent of retail distribution in thousands of hotel lobby markets.

Nightfood Holdings, Inc. (OTCQB: NGTF) is clearly one to look at taking into account a technical analysis of its chart, and recently released news.

 

Click here to sign up for the next Emerging Growth Conference

 

Invitations for the next Emerging Growth Conference:

 

We have had multiple requests to have the following companies present on the next Emerging Growth Conference.

 

Contact us at Conference@EmergingGrowth.com, or call us at 305-330-1985 and we will invite them on.

 

NorthWest Biotherapeutics, Inc. (OTCQB: NWBO)

Anavex Life Sciences Corp. (NASDAQ: AVXL)

Mr Cooper Group, Inc. (NASDAQ: COOP)

Amarin Corp. (NASDAQ:AMRN)

Lightwave Logic (NASDAQ: LWLG)

Enzolytics, Inc. (OTC Pink: ENZC)

Good Vibrations Shoes, Inc. (OTC Pink: GVSI)

 

If you would like to see another company present, have them contact us and we will invite them on.

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 Nightfood ice cream, cookies, and other snack formats in the hotel vertical. 

Hotels are increasingly focused on supporting guest wellness.  The Company believes one important way for hotels to do that is by offering sleep-friendly snacks in their grab-and-go lobby shops.  

With an estimated 56,000 hotels across the United States, expanding distribution into a significant number of those hotels 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.

 

About EmergingGrowth.com

Founded in 2009, EmergingGrowth.com quickly became a leading independent small cap media portal.  Over the years, it has developed an extensive history of providing unparalleled content, in identifying emerging growth companies and markets that can be overlooked by the investment community.

The next step in its evolution is the Emerging Growth Conference.

About the Emerging Growwth Conference

The Emerging Growth conference is an effective way for public companies to present and communicate their new products, services and other major announcements to the investment community from the convenience of their office, in an effective and time efficient manner.

The audience includes potentially tens of thousands of Individual and Institutional investors, as well as Investment advisors and analysts.

All Conferences are first announced on Twitter – Follow us on Twitter

All Conference replays emerge on our YouTube Channel – Subscribe to our YouTube Channel

All sessions are conducted through video webcasts and will take place in the Eastern time zone. Our conference serves as a vehicle for Emerging Growth to build relationships with our existing and potential clients.  Accordingly, a certain number of the presenting companies are our current clients, and some may become our clients in the future.  In exchange for services we provide, our clients pay us fees in the form of cash and securities, and we may currently have, or in the future may have investments in the securities of certain of the presenting companies. Finally, certain of the presenting companies have paid us a fee to secure a presentation time slot or to present generally. The presentations to be delivered by the presenting companies (including any handouts of written materials) have not been approved, endorsed by or otherwise reviewed by EmergingGrowth.com nor should they in any way be construed to have been made in connection with an offer to sell or a solicitation of an offer to buy securities. Please consult an investment professional before investing in anything viewed on the Emerging Growth Conference or on EmergingGrowth.com.

If you believe your company, product or service is at the cusp of going mainstream, or you have an idea for an "Emerging Growth" company that might fit our model, contact us here.

Contact:

Emerging Growth
Phone: 1-305-330-1985
Email: Conference@EmergingGrowth.com

All information contained herein as well as on the EmergingGrowth.com website is obtained from sources believed to be reliable but not guaranteed to be accurate or all-inclusive. All material contained within this article was provided to EmergingGrowth.com by a third party, is for informational purposes only, is not an investment opinion of EmergingGrowth.com and should not be construed as an offer or solicitation to buy or sell securities. The information includes certain forward-looking statements, which may be affected by unforeseen circumstances and / or certain risks.  This report is not without bias. EmergingGrowth.com has motivation by means of either self-marketing or EmergingGrowth.com has been compensated by or for a company or companies discussed in this article.  EmergingGrowth.com was compensated $10,000.00 for preparation and distribution of this article. EmergingGrowth.com has received past and may receive additional compensation by or for this same company, details about which can be found in our full disclosure, which can be found here:  https://emerginggrowth.com/6483-72682/.  You can easily lose money investing in highly speculative small cap stocks like the ones mentioned within. Please consult an investment professional before investing in anything viewed within. When EmergingGrowth.com is long shares it will sell those shares. In addition, please make sure you read and understand the Terms of Use, Privacy Policy and the Disclosure posted on the EmergingGrowth.com website.

 

SOURCE: EmergingGrowth.com

Anavex Life Sciences (NASDAQ:AVXL)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more Anavex Life Sciences Charts.
Anavex Life Sciences (NASDAQ:AVXL)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Anavex Life Sciences Charts.