MamaMancini's Holdings Inc (OTCQB: MMMB) is joining two other high growth companies at Proactive’s next virtual showcase event on February 2.
Hosted by Proactive’s Christine Corrado, the event kicks off on Tuesday at 1 PM ET.
MamaMancini's Holdings Inc (OTCQB: MMMB), a specialty Italian food company known for its signature beef, turkey, chicken, and pork meatballs with slow-cooked Italian sauces, is expanding into plant-based products by teaming up with Beyond Meat Inc (NASDAQ:BYND).
East Rutherford, New Jersey-based MamaMancini's said it has seen strong sales as Americans stocked up on packaged food products during the coronavirus lockdown. The company offers 20 products sold through 45,000 stores, including Whole Foods and Costco.
Presenting at the event is CEO Carl Wolf, who extolled the company’s most recent quarterly performance to shareholders. For its fiscal third quarter ended October 31, 2020, MamaMancini’s posted $9.9 million in revenue, while gross profit increased to $3.1 million, or 32% of total revenues.
“We continue to grow the breadth and depth of our product distribution footprint at retail storefronts nationwide, a testament to the quality of our products that keep customers coming back for more, time and again – the same qualities that drove our recognition at the 2020 QVC Customer Choice Food Awards,” Wolf said.
The CEO added: “As we move towards the conclusion of 2020 and into 2021, various positive potential outcomes await MamaMancini’s – from the realization of strategic alternatives, to a potential uplisting and continued growth in new product placements with the abatement of headwinds related to the COVID-19 pandemic, we are primed for another record-breaking year. I look forward to continuing these efforts as we work to create sustainable, long-term value for our shareholders.”
About the event:
- Ours is an audience of astute high net worth investors, fund managers, private client brokers and analysts
- We look beyond the numbers and meet the people creating the value for shareholders
- Each company has a presentation slot followed by Q & A, giving you the chance to discover the real story
- You can watch the event afterwards on our YouTube channel