NGTF
shares found key support on the retest of the range breakout zone after catching an RSI trend buy signal. Now, it's time to go and retest the breakout trigger zone around $0.35 for the next leg of the move.
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Nightfood Holdings Inc. (OTCMKTS:NGTF)
• Disruptor in a fifty billion dollar food and beverage space with credible and unique solution to mainstream problem
• Award-winning core product developed by prominent globally-recognized experts in nutrition and sleep science
• Sequential q/q growth of 275% in revenues and 256% in cash reserves
• Nightfood Ice Cream featured on Today Show, Oprah Magazine, the Wall Street Journal, CNN, USA Today, Washington Post, Food Network, Fox Business, People Magazine, and Fast Company
• Has won multiple awards, including 2019 Product of the Year in the ice cream category in a Kantar survey of 40,000 consumers, as well as the World Dairy Innovation Award for Best New Ice Cream of 2019.
• Similar brand recently acquired for over a billion dollars by Wells
There’s an undeniable problem – nighttime snacking – that haunts all humans for a set of very basic and essential reasons: unhealthy cravings intensify later in the day (proven scientific fact) when willpower is weakest, unhealthy foods do more damage at night because of our metabolic circadian rhythm, and foods high in fats and sugar (among other things) create poor sleeping experiences, which then interfere with our lives in pervasive ways.
Nightfood is a company on a mission to help solve this problem and, in the process, to capitalize on a massive market opportunity. And it just may be the next billion dollar brand in the making – the company is pursuing a playbook used by other ice cream start-ups that made it to the billion-dollar level.
The company’s big hit product – Nightfood Ice Cream – was developed by a prestigious team of globally recognized experts in sleep and nutrition.
Possibly, the closest analogy to Nightfood is “Halo Top Creamery”, a healthy, low-calorie ice cream brand that saw stunning growth 5 years ago, going from $230K in sales in 2013 to over $300 million just four years later before selling to ice cream giant Wells in 2019 at an estimate of over $1B. Talenti is another core example – recently bought out by Unilever, also for over a Billion Dollars.
Right now, Nightfood is ahead of schedule for a similar fate, with more traction and more buzz at this stage than either Halo Top or Talenti.