Winning Brands Corporation (OTCMKTS:WNBD) shares were flat on Monday and unchanged in after-hours trading. Share prices have been trading in a 52-week range of $0.00 to $0.00. The company has a market cap of $93,500 at 971.43 million shares outstanding.
Winning Brands Corporation announced that it has entered into negotiations regarding the cooperative launch and marketing of branded food innovations with Supreme Sweets Inc of Toronto. This market has been growing due to health and lifestyle segmentation, such as the increasing demand for new gluten-free products.
The two parties have executed an Exploratory Discussion Agreement providing a period during which both teams will seek to finalize an operating agreement and proceed. This venture arises from the Innovators Community initiative of Winning Brands in which innovators gain unique advantages through joint-venturing with the company.
Supreme Sweets is a new food sector venture founded in 2015 by Barbara and Mario Parravano, who have previously created new and profitable branded baked goods solutions. Both have been multiple food service award winners and have operated professional, unionized production facilities. It has already established new customers in the U.S., including supermarket distribution, as well as Canadian food service sales to well-known chains.
Winning Brands Corporation is a Canada-based manufacturer of cleaning solutions. Its include KIND Laundry Products, which is a gentle laundry solution; 1000+ Stain Remover, which is a solution that spans a range of clean-up situations; TrackMoist, which is a dirt surface performance enhancer; BRILLIANT, which is a family of commercial garment cleaning and finishing agent for Professional Wet cleaning; BLAU AIRE TURBO, which is an Air Sanitizing and Deodorizing Appliance; ReGUARD4, which is used for firefighters, and CLEAN1, which is a cleaning solution for professional grade results.
Its managed products are found in a number of retailers in a variety of countries, including participating locations of Walmart, Home Depot, Lowe’s, Canadian Tire, Home Hardware, Do It Best and other independent retailers. Winning Brands manufactures its portfolio of brands through its operating subsidiary, Niagara Mist Marketing Ltd. via select contracting arrangements.