Bubs Australia signed new supply agreement with Target USA

Bubs Australia (ASX: BUB) has entered into a new supply agreement with Target USA for purchase of 30,000 Bubs® Infant Formula tins to be distributed across an initial 280 stores.

Target’s initial purchase order will be fulfilled from the third Operation Fly Formula air cargo shipment, arriving in the U.S. on 26 June, with direct distribution to 280 Target stores. The remaining goods in this air shipment will be distributed to refill Walmart and banner stores in the Kroger group. The total gross revenue generated from this third plane is ~$3.2 million.

By the mid of July 2022, it is expected that more than 360,000 tins of Bubs® Infant Formula to have been made available to major retailers.

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