CLEARWATER, Fla., Nov. 29,
2022 /PRNewswire/ -- Upexi Inc. (NASDAQ: UPXI)
(the "Company" or "Upexi"), a multi-faceted brand owner
and innovator in aggregation, today announced that Tytan Tiles
("Tytan"), the Company's children's toy brand, will expand its
retail presence nationally through 2,000 Walmart stores, with
products to hit shelves in January
2023.
Tytan is a high-quality, eco-conscious toy company that has
grown 100% over the past two years, with its line of STEM toys
growing especially quickly. It has been one of the top selling toys
in Sam's Club since 2018 and a bestseller on Walmart.com. Tytan
will be featured in the Walmart.com 2022 CYBER Monday promotions
and aligns with Walmart's STEM initiatives to provide children with
educational-focused toys.
"Tytan's launch in 2,000 locations of America's premier retailer
is a milestone for the brand and we anticipate that it will lead to
the best year in the brand's history," commented Upexi's CEO,
Allan Marshall. "Their
attention to detail and high-quality products have helped the brand
gain traction and provide functional and educational toys for
children of multiple ages."
"We've been working towards a Walmart rollout for many years.
It's a feat only select brands accomplish and we're honored to be
part of the program. This 2000+ store rollout will further
establish our footprint as a top performing magnetic tile brand,"
commented Tytan Tile President, Nick
Romano.
Tytan has a history of continuous retail partner expansion.
Their innovative products are currently available online through
Walmart.com and SamsClub.com, as well as in-store through leading
retailers such as Walmart, Sam's Club.
About Upexi, Inc.
Upexi is a multifaceted brand owner with established brands in
the health, wellness, pet, beauty, and other growing markets. We
operate in emerging industries with high growth trends and look to
drive organic growth of our current brands. We focus on direct to
consumer and Amazon brands that are scalable and have anticipated,
high industry growth trends. Our goal is to continue to accumulate
consumer data and build out a significant customer database across
all industries we sell into. The growth of our current database has
been key to the year over year gains in sales and profits. To drive
additional growth, we have and will continue to acquire profitable
Amazon and eCommerce businesses that can scale quickly and reduce
costs through corporate synergies. We utilize our in-house, SaaS
programmatic ad technology to help achieve a lower cost per
acquisition and accumulate consumer data for increased
cross-selling between our growing portfolio of brands.
Forward Looking
Statements:
This news release contains "forward-looking statements" as that
term is defined in Section 27A of the United States Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
Statements in this press release which are not purely historical
are forward-looking statements and include any statements regarding
beliefs, plans, expectations, or intentions regarding the future.
Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors
include, among others, the inherent uncertainties associated with
business strategy, potential acquisitions, revenue guidance,
product development, integration, and synergies of acquiring
companies and personnel. These forward-looking statements are made
as of the date of this news release, and we assume no obligation to
update the forward-looking statements, or to update the reasons why
actual results could differ from those projected in the
forward-looking statements. Although we believe that the beliefs,
plans, expectations, and intentions contained in this press release
are reasonable, there can be no assurance that such beliefs, plans,
expectations, or intentions will prove to be accurate. Investors
should consult all of the information set forth herein and should
also refer to the risk factors disclosure outlined in our annual
report on Form 10-K and other periodic reports filed from
time-to-time with the Securities and Exchange Commission.
Company Contact
Andrew Nortstrud
Chief Financial Officer
andrew.norstrud@upexi.com
Investor Relations Contact
KCSA Strategic
Communications
Valter Pinto or Jack Perkins
Email: Upexi@KCSA.com
Phone: (212) 896-1254
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SOURCE Upexi Inc.