#Food #Stocks: Healthier Ice Cream Trends - Vegan, Low Sugar and CBD (OTC: $ARSN) ( $WMT) (NYSE: $KR) (CSE: $CURA.C) (OTCQX: $CURLF)
Point Roberts WA, Delta BC – July 18, 2019 - Investorideas.com, a leading investor news resource covering food and Lifestyles of Health and Sustainability (LOHAS) stocks releases a snapshot reporting on the continued trend towards healthier ice cream alternatives such as vegan, low fat/sugar and eventually CBD infused.
In recent news, IndexBox published a new report, “The U.S. Ice Cream And Frozen Dessert Market. Analysis And Forecast to 2025”. According to the report, the ice creammarket in the US amounted to $8.1B in 2018, leveling off at the previous year.
Within those sales, high protein/light ice cream is became one of the largest selling segments of the marketplace, beginning to outsell even Ben and Jerry's gourmet ice cream.
Aureus, Inc. (OTC: ARSN),www.AureusNOW.com, a food brand development company that exclusively operates the online sales of Yuengling’s Ice Cream brand, as well as select Yuengling retail distribution, today announced that it was returning 250mm shares of common stock to its treasury.
”We were able to complete the transaction with Yeungling’s using a restricted class of preferred shares in lieu of the common that we issued for that purpose. This is a much better structure for the company and its shareholders,” according to Aureus CEO, Everett Dickson.
Aureus recently completed the acquisition of Yuengling's Ice Cream and announced the new flavors in development which are Gourmet Vanilla, Gourmet Chocolate, Mint Chocolate Chip, Peanut Butter, Cookies & Cream, Salted Caramel, Gourmet Strawberry and Black & Tan.
With approximately 90 calories per serving, Yuengling's high protein/lite ice cream is packed with protein but low in fat, carbohydrates and sugar. "Unlike most high protein products on the market, our lite ice cream tastes like our super premium product," said David Yuengling, President of Yuengling's Ice Cream. "In fact, our Vanilla Lite Ice Cream won a gold medal and our Chocolate Lite Ice Cream was awarded a bronze medal in the LA International Dairy competition."
Walmart Inc. (NYSE:WMT), may be further behind then companies such as CVS and Whole Foods who have been focusing on CBD and wellness products for the past several months, but according to recent news, “the biggest pharmaceutical chains such as Target and Walmart aren’t stocking up on CBD just yet, but they’re definitely getting ready for when the day comes.”
The Post recently learned that top executives at Walmart and Target have been discreetly meeting with CBD companies, though Walmart announced that as of yet, they do not have plans to carry CBD products at this time.
CBD may still be a little ways off from entering mainstream retail but products like Yeungling’s, a healthier alternative ice cream is already hitting shelves.
In related news, The Kroger Co. (NYSE:KR) was also mentioned as looking to enter into this sector with its Deluxe Unicorn Swirl Ice Cream and other store-brand products to boost growth, Chief Executive Rodney McMullen said on Thursday.
"We know we can do better when it comes to identical sales results," McMullen told analysts after Kroger posted quarterly same-store sales below Wall Street estimates, sending its shares down 2.5%.
Kroger's brand sales for the quarter rose 3.3% with Unicorn Ice Cream, Pork Belly Bites and Artesian Jerky among the 219 new store brand items that boosted sales by $225 million.
"Kroger has been very clever about expanding into rapidly growing categories," said Neil Saunders, who heads retail consultancy firm, GlobalData, “highlighting brands like Simple Truth and Home Chef meal kits.”
Kroger’s Simple Truth line has also seen success, having hit $2.3 billion in annual sales to become the biggest US natural and organic brand. Simple Truth has benefited from a social media boost. Kayla Schneider, a 28 year-old vegan receptionist and beauty advisor from Fenton, Michigan, who has 11,000 Twitter followers earlier this year tweeted when Simple Truth vegan ice cream went on sale.
“I have a lot of followers who also share my type of diet and I like sharing new finds/yummy products so they can try them out as well,” Schneider said in a Twitter direct message.
Curaleaf entered into an agreement to acquire Glendale Greenhouse, a vertically integrated cannabis business operating a cultivation and processing facility along with a prime retail location, with plans to rebrand as Curaleaf after the transaction closes.
The Glendale Greenhouse production facility is a 20,000 square-foot, multi-level cultivation center which is capable of producing 3,600 pounds of flower annually. Its 1,500 square-foot dispensary, located directly off the Agua Fria Freeway with 90,000 cars passing daily, can be expanded to nearly 5,000 square-feet. Glendale Greenhouse holds the master lease on the 15,000 square-foot multi-tenant building where the dispensary is located. The facility also operates a state-of-the-art CO2 extraction lab and a kitchen, which is already producing various edible lines such as mints, gummies, brownies and ice cream, with additional products expected to launch later this year.
Additionally, Curaleaf agreed to acquire Phytotherapeutics Management Services, LLC, which operates under the license of Phytotherapeutics of Tucson, LLC. Upon close of the transaction, the license associated with the dispensary will be applied to a newly developed flagship dispensary, located at 2175 N. 83rd Avenue, which is part of an exciting Phoenix metro submarket with close access to the I-10 Freeway. The dispensary will also be in the immediate vicinity of the nationally recognized Ak-Chin Pavilion, a popular outdoor amphitheater and concert stadium hosting nearly forty events a year. This new location on 83rd Avenue will bring Curaleaf's store count in Arizona to eight, all in Maricopa County.
According to US Census Bureau data, Maricopa is the nation's fastest growing county for the third consecutive year, giving Curaleaf the highest store count in the County.
"The acquisition of both Glendale Greenhouse and the opening of our 83rd Avenue location demonstrate our commitment to the Arizona market and to providing consumers with reliable and high-quality cannabis experience," said Joseph Lusardi, Chief Executive Officer.
"This transaction not only strengthens our position with the seventh and eighth Curaleaf branded dispensaries in the fast-growth Phoenix metro market, but greatly enhances our processing capabilities and accelerates our plans to produce and distribute wholesale products in the state."
While the US ice cream market may not be expanding rapidly in terms of dollar growth, the product offerings are going through a massive change. Fading are the days of unhealthy/high fat and sugar ice creams as wellness, health, and of course CBD trends sweep the nation.
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