Yumy Bear Goods Inc. announced that they have secured an increase in manufacturing capacity from 500,000 gummies per month to 1,000,000 gummies per month in order to keep up with demand from retail and online sales.
“We are thrilled with the positive response we have received from the initial launch of our products and due to supply constraints, we have secured this increase in our manufacturing capacity to ensure we have the ability to scale up to meet our expected demand. The rate in which Yumy Bear has grown over the past few months has been incredible and we assume we will need to expand our capacity even further in the near future.” Said Erica Williams, Founder and Chief Executive Officer, Yumy Bear Goods Inc.
As production ramps up, Yumy Bear seeks to attain a strong market share position in the better-for-you category, which targets a broad customer profile, specifically those looking to reduce their sugar consumption or choose plant-based.
“The better-for-you space has been one of the most explosive sectors in the food and beverage industry. We feel there will be continued growth and expansion as we see consumers choosing the healthier option in their food consumption. Yumy Bear is the first low sugar confectionary company to go public on the stock exchange and we are proud to be a pioneer in the confectionary space as well as in the public markets.” said Cassidy McCord, Chief Corporate Officer, Yumy Bear Goods Inc.