Topic: Inventory at Canadian Home Depot.
We have received a shareholder request to comment on the status of Canadian Home Depot stores and 1000+ Stain Remover.
That account is serviced for us by a distributor. Winning Brands has received no direct communication from the retailer indicating a change in status of the product, and no price discounting has taken place at the shelves to the best of our knowledge, however it would appear that stock is not being replenished when depleted at the store level.
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For context, it should be stated that a similar situation arose for Winning Brands before in which its product had an interruption of a retailer’s shelf presence (Walmart), which was eventually resolved with a complete resumption of the shelf presence.
In summary – a review is underway to determine whether circumstances in this case can be addressed in the same manner that provided a positive outcome previously. Until then, it would be unprofessional for Winning Brands to discuss the operational negotiations as between the distributor, the retailer and ourselves.
