We sincerely apologize for the lack of communication regarding the move forward. At this time we are still working thru transitioning all things Mealthy to the new ownership group. There is no need to be worried, your investment hasn't gone anywhere except to help build Mealthy into a bigger stronger company. Unfortunately with the COVID19 issues across the globe it has wreaked havoc on the global supply chain so a lot of our time and energy has gone to resolve those issues. Good news is we are continuing to build our relationship with Costco and they're being patient with our supply chain issues. We believe everything should be back to running smooth by the first of the year. Our entire focus since the day we took over was to get Mealthy back up to speed as fast as possible even with the supply chain issues. We believe Mealthy can be a $100 million dollar brand within 5 years and we are moving forward with multiple product line launches in 2021. Once we get closer to launch date for each of those lines we will make an announcement.
We sent out the original announcement about the acquisition to all Republic investors a few months ago. It was sent to the email you have on file with Republic...please check your spam folder if you didn't receive it or make sure that the email you have on file with Republic is correct.
We are currently mulling over multiple options for the Republic investors including possibly taking Mealthy public. It takes time to get all the possibilities and options figured out and each option has to be gone over to make sure it is viable and attorneys have to go thru every page of the Republic agreement to see what options we do and don't have. Our goal is to continue to build a healthy profitable company even during this crazy year. Mealthy has actually grown in sales from 2019 and thats partly due to Republic investors involvement. We also understand that communication may have been an issue before we took over and has been one since. That was not our intention, we have been so focused on getting Mealthy back on the right track that we hadnt taken a lot of time to do anything else. We however did set up the investor relations email to answer any questions that you may have.
As of today we are ramping up Crisplid inventory to Costco and continue to grow that relationship while at the same time developing new product lines that we believe will be a total game changer for the Mealthy brand. We are looking for a January 2021 announcement and launch of the new product line.
We have also seen some questions regarding investor perks. If you hadn't already received your perks I sincerely apologize, it seems as if in the haste to sell the company that the focus fulfilling those was set to the side. Unfortunately at this time inventory is at a premium and we are doing everything we can just to fulfill inventory for Costco and distributors. But if you havent received your perk please email us and we will get you on the list to get those fulfilled. We believe we should be able to start working on fulfilling those by Q2 of 2021. Again the supply chain has really been hit and miss all of 2020.
I look forward to a long and beneficial relationship with each and everyone of you.
CEO - Mealthy Inc.
Please stay tuned for more information soon.
For any investor questions please email: [email protected]