NxGen Brands, Inc. Announces Company Expansion into New Warehouse Space

Core Insights - NxGen Brands, Inc. has announced the expansion of its newly acquired business, Genesee Candy Land, by adding nearly 3,000 square feet of space to its current 4,000 square feet location due to early growth [1] - The expansion will include approximately 3,500 square feet of warehouse space to streamline shipping and receiving processes, ensuring timely order fulfillment for customers [1] - The new space will enable the company to purchase ingredients in larger quantities, potentially increasing profits and preventing backorders [1] - Construction for the expansion is already underway, and the company plans to enter new product categories soon [1] Company Leadership - Marjorie Schaefer, the CEO of NxGen Brands, expressed enthusiasm about the opportunity to expand without relocating the business, emphasizing the importance of meeting customer demand [2] - The CEO highlighted that the new space will facilitate streamlined shipping processes and allow for growth into new industry categories [2] - The company is focused on improving communication with shareholders and has established a new website and social media presence for updates [2]