PK Beans Is Featured in the Financial Post - "Why PK Beans Is the Next Major Lifestyle Brand for Children"
posted on
Mar 03, 2022 09:00AM
Canada’s Only Public Company With Predominantly Female Board of Directors
Vancouver, British Columbia--(Newsfile Corp. - March 3, 2022) - Peekaboo Beans Inc. (CSE: BEAN) (OTC Pink: PBBSF) ("PK Beans" or the "Company") on the heels of strong holiday sales and kicking off with its Spring collection that launched February 24, with a feature piece in the Financial Post "Three reasons why PK Beans is the next major lifestyle brand for children".
PK Beans ended the year and their first fiscal quarter with a 32% increase of sales for December 2021 from the previous year: with the Company's boxing week promotion welcoming an 83% increase in sales over boxing week promotions last year.
The Company recently closed $1,154,396.50 in non-brokered private placements to secure inventory and execute on strategic growth initiatives in 2022.
As stated in the Financial Post, "Taking a page out of the Lululemon playbook, PK Beans has built an aspirational living model for kids. The company is part of the branding revolution that's seen Vancouver dubbed "the Silicon Valley of apparel." These clothing lines aren't just about comfy yoga tights - they're about lifestyle choices and values".
"The last two years have had a tremendous impact on mental health globally, including children" states Traci Costa, CEO and Founder "Our mission at PK Beans has always been to support families; to provide ease and comfort in their day, and to be the reminder that the best antidote for stress in children (and adults) is to play. Our mission continues to guide us, and all our strategic goals align with this mission, to grow a brand that supports children and families. We have paved the way, and we are in the perfect place at the perfect time".
About Peekaboo Beans Inc.
PK Beans is an integrated holistic children's brand that brings developmental education and entertainment together through sensory friendly and interactive clothing, multimedia adventure subscription boxes, and augmented reality to inspire curiosity between nature, technology, and active play. PK Beans is also a pioneer in the space, establishing a circular economy by reselling and repurposing products to eliminate textile waste. The company maximizes revenue by reaching sellers and online retailers through an omnichannel approach. Join us on our mission to enrich, empower, and nourish the next generation of children.
To learn more about PK Beans, visit: www.pkbeans.com
On behalf of the Board of Directors,
Peekaboo Beans Inc.
Ms. Traci Costa, President and CEO
(604) 279-2326
For more information, please contact the Company at:
IR@pkbeans.com
1-604-279-2326
Reader Advisory
This news release may include forward-looking information that is subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward-looking. Although the Company believes the expectations expressed in such forward-looking information are based on reasonable assumptions, such information is not a guarantee of future performance and actual results or developments may differ materially from those contained in forward-looking information. Factors that could cause actual results to differ materially from those in forward-looking information include, but are not limited to, fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing and general economic, market or business conditions. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.