Nutritional Growth Solutions (ASX:NGS) expanded into Wakefern, a Northeast American grocery retailer, with plans to roll out four Healthy Heights products across 300 stores, starting in the second quarter of the year, according to a Tuesday filing with the Australian bourse.
The estimated annualized sales potential is $750,000, contingent on forecasted velocity rates being satisfied, the filing said.
Vendor registration and setup are complete, with initial shipments expected in April, according to the filing.
Shares surged 50% in recent trade Tuesday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.