Tag Archives: CSE:BITE

Blender Bites takes its delicious blend of nutrition and convenience across North America

As with many a budding food-focused entrepreneur before her, it all began in the kitchen for Chelsie Hodge.

Incorporating three smoothies into her daily diet had Hodge feeling sharp and energized. But on the flip side, preparing the healthy drinks with fresh ingredients took no small amount of time each day, and what did not get used ended up taking significant space in her refrigerator or being discarded.

Leveraging her experience as a business development officer at plant-based protein and sport nutrition powerhouse Vega, Hodge made it her mission to reformulate what it means to make a smoothie.

Her invention was a frozen “puck” containing everything required for a tasty, nutritious smoothie, save for a splash of water, soy milk or other dairy alternative. No fuss, no food waste, just a few seconds in the blender and the drink is ready to enjoy. 

Some four years later, Hodge’s clever creation is available in more than 850 grocery stores across Canada. And in September of last year, Blender Bites (CSE:BITE) became a publicly traded company, with founder Hodge at the helm as Chief Executive Officer. 

In Blender Bites’ first year, Hodge’s kitchen was the centre of production, her mother and aunts by her side to help make enough product to meet demand. 

While many makers of healthy foods look to specialty stores for distribution, Hodge saw the potential to go mainstream right out of the gate. 

Whole Foods Market and Fresh St. Market/IGA, two of Western Canada’s largest grocery store chains, were the first major retailers to embrace the pre-portioned smoothie. Safeway, Sobeys, Save-On-Foods and other leading grocery brands weren’t far behind.

“The freezer category was just dying for innovation,” Hodge explains. There’s this mindset amongst consumers that frozen is unhealthy and fresh is so much better. Education is needed to change people’s minds, as frozen actually has more nutrition most of the time because it is flash frozen.”

Blender Bites is innovative when it comes to packaging as well, by being minimal rather than fancy. This commitment to respecting the environment complements the nutritional profile of the product, which is certified organic, vegan and non-GMO. With gluten, dairy, soy and added sugars absent from the ingredient list, Blender Bites are perfect for consumers with food intolerances, too.

Today, Hodge says Blender Bites is growing “very rapidly” after launching into Costco in Eastern Canada with reformulated and rebranded products in three lines: green dtox, power berry and vita smoothie. The products are currently available at Costco locations in Ontario, Quebec and the Maritimes. 

Just how rapidly the business is expanding became clear recently when the company announced a 990% year-on-year increase in purchase order volume for December 2021, to $495,000. Demand was strong all around, with orders also coming in from existing and new club stores carrying the brand, plus many of the Canadian retailers with Blender Bites already on their shelves. 

With a well-established, and growing, presence in Canada, Blender Bites has its sights set on the US market. It announced its first order from “the world’s leading club store chain” in December and expects more US club stores to begin carrying Blender Bites soon. Costco Wholesale warehouses in Texas, Louisiana and Oklahoma are the first of the chain’s US locations to carry the products. 

A direct-to-consumer platform for the US market is also in the works.

Hodge notes that another big opportunity for Blender Bites is in the food service industry, which includes restaurants, cafes and hotels where smoothie drinks are popular but time-consuming to prepare.

“They just don’t have the people to sit there and chop up the fruits and vegetables or take ingredients and make a recipe for a smoothie,” says Hodge. “Blender Bites is a solution that could be extremely lucrative.”

Financially, the company is getting stronger as well. It raised just under $3.9 million as part of its go-public transaction last September. The shares are also listed on the Frankfurt exchange and the company is eyeing a listing on the OTC market in the US.

For 2022, Blender Bites is targeting between $6 million and $7.5 million in annual revenue as big name retailers embrace its products. 

“We’ve got accounts like Kroger and Albertsons and Wegmans and Walmart and Target on our list for retail for the US and we are focusing on the bigger accounts,” Hodge says. 

“Public companies like to acquire other brands and as soon as I’ve built up the team a little more, I think we’d have the capacity to look at that down the road. It is in the plans for the company, for sure.”

For the current year, though, the Blender Bites CEO plans to remain focused on further market penetration and expansion into food service, retail and club stores. 

“We’ve come a long way in a short time and when I think about our products being enjoyed by people right across North America, I’m really proud of our team,” says Hodge. “But there is so much opportunity to expand market share and penetrate huge new sales channels that I feel we’re really only just getting started.”

This story was featured in the Canadian Securities Exchange magazine.

Learn more about Blender Bites at https://blenderbites.com/.

Canadian Securities Exchange Magazine: The Future of Food Issue – Now Live!

Welcome to the latest issue of Canadian Securities Exchange Magazine, your source for in-depth stories of entrepreneurs from a wealth of different industries.

Plant proteins and meat alternatives have enjoyed a meteoric rise in popularity over the last few years. In this issue of Canadian Securities Exchange Magazine, we’re thrilled to share stories of visionary entrepreneurs in this sector.

We highlight six CSE-listed plant-based food companies who are not only having a significant impact on the answer to that age-old question of “What’s for dinner?” they’re also pioneering new solutions in a marketplace that’s hungry for innovation and helping tackle climate change through environmentally-conscious products and technology.

The CSE-listed companies featured in this issue include:

Check out The Future of Food Issue of Canadian Securities Exchange Magazine here:

Chelsie Hodge & Arinn Ryan on Entrepreneurial Spirit | The CSE Podcast Ep16-S2 (IWD 2022)

CSE’s Barrington Miller is joined by Chelsie Hodge, Founder and CEO, and Arinn Ryan, Director of Marketing at Blender Bites (CSE:BITE), for a special International Women’s Day episode. The group discusses nurturing an entrepreneurial spirit from a young age, and the journey they took to bring their business to market. The conversation also addresses overcoming challenges experienced by women entrepreneurs in the capital markets.

Here’s an overview of what Barrington, Chelsie, and Arinn discuss in this edition of the “Exchange for Entrepreneurs” podcast:

00:00 – Background and introduction
02:35 – Arinn Ryan’s journey
04:10 – Chelsie Hodge’s journey
06:40 – Arinn’s decision to join Blender Bites
09:00 – Overcoming CEO hurdles
11:30 – Blender Bites’ special announcement
12:40 – The pros and cons of social media
17:00 – Where to find Blender Bites on social media
18:45 – Supporting other women entrepreneurs
20:05 – Advice to Chelsie’s and Arinn’s younger selves

About Chelsie Hodge
Chelsie brings a unique skill set to the table with over a decade of working experience in the high-growth plant-based consumer packaged goods sector along with over fifteen years in capital market. Chelsie has held Sales and Business Development positions with industry disruptors such as VEGA along with Investor Relations roles for a variety of public company sectors.

About Arinn Ryan
Arinn is an experienced marketing and communications professional with a strong background in retail-focused marketing activations and influencer relations. A people connector by nature, Arinn strives to cultivate meaningful networks and relations and aspire to do work that moves people.

About Blender Bites Ltd.
Blender Bites is a Canadian company involved in the development and marketing of a line of premium frozen food products with a focus on functionality. Blender Bites was founded in 2016 and sell a pre-portioned “easy smoothie” product that is free of any unnecessary inner plastic packaging. Blender Bites products are organic, vegan, non-GMO, gluten-free, dairy-free, and soy-free. They contain no added sugars and are made in Canada. Blender Bites products are distributed nationally across Canada and are currently sold in over 800 stores, including Sobeys, Safeway, Save on Foods, Whole Foods Market, Buy-Low/Nesters, IGA, and Fresh Street, with a launch planned into the United States marketplace. Blender Bites anticipates expanding its plant-based footprint in North America through organic growth of the existing brand and through new acquisitions.

Learn more about Blender Bites Ltd. at https://thecse.com/en/listings/diversified-industries/blender-bites-limited

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