Ann: BUBS USA Growth Accelerates, page-3

Reg Weine, Bubs Chief Executive Officer (CEO) and Managing Director (MD), said: “T

We are pleased to report that we have already extended our single manufacturing shift to meet the increasing demand and we will move to a full second shift at Deloraine in mid-January 2024. Despite the supply chain interruptions and inventory shortages in the US over the past 6 weeks, the demand for our products and brands continues to grow. Bubs achieved record weekly USA sales in November 2023 of over $770k. Once we are back in a full stock position, we expect our growth rate will increase further.”

Cash Position

Bubs held $30.1 million in cash reserves as at 30 November 2023, with an additional $9.8m of unused headroom on its bank facilities.

he American Academy of Pediatrics (AAP) expanded their infant formula recommendations recently to

include goat milk-based products for the first time which is a game changer.