TORONTO, ONTARIO, Canada -- June 13, 2024 -- InvestorsHub
NewsWire -- Snakes & Lattes Inc. (OTC:
FUNN) is pleased to announce the successful
opening of its newest pop-up location at The Wellington Market,
located in the heart of King West in Downtown Toronto. Since
opening on May 25, 2024 this exciting venue has been offering an
extensive selection of over one hundred board games, along with a
variety of snacks and drinks.
Strategic Expansion to a Premier
Location: The decision to launch a pop-up at The
Wellington Market was made swiftly, thanks to the minimal initial
investment required and the unique opportunity to showcase Snakes
& Lattes in an upscale, vibrant environment. ‘The Well’ is a
distinctive live, work, dine, and shop destination in Toronto,
aligning perfectly with our desire to reach new markets.
Test Run with Potential for Long-Term
Presence: This pop-up serves as a test run, with no
fixed duration, allowing the Company to assess the location's
performance over the first few months. Our partners at ‘The Well’
have been highly supportive, giving us the flexibility to adjust
based on results.
Retail Expansion: Plans are underway to
set up a retail section within the pop-up, offering board games and
branded merchandise, enhancing the Snakes & Lattes experience
and providing additional revenue streams.
Initial Performance and Adjustments: Since
our opening, we have seen promising sales figures, bolstered by
welcome events for friends, family, influencers, and gift card
redemptions. We are adjusting our hours of operation to maximize
visitor engagement, with slightly shorter hours Monday through
Thursday and longer / full hours Friday through Sunday, aligning
with the observed traffic patterns that have been experienced thus
far.
Partnership with ‘The Well’ Events
Team: We have officially partnered with ‘The Well’
events team, securing a feature on their website and exterior
signage. We will host a general trivia night every two weeks,
alternating with our Annex location, and monthly events such as mix
and mingles and puzzle competitions. Importantly, we incur no fees
for the event space and retain 100% of the ticket sales, boosting
our potential revenue.
Gratitude and Acknowledgments: Snakes
& Lattes Inc. expresses sincere gratitude to all our sponsors
and partners who made this possible, including The Wellington
Market, PepsiCo, Indie Ale House, and others. We also extend our
appreciation to everyone involved in the process, from concept to
launch. A special shoutout goes to our operations manager, Casto
Chan, for his exceptional efforts in managing the Wellington Market
location.
Finally, we also want to wish the utmost success to all
businesses at ‘The Well’ and in Wellington Market. We are thrilled
to be integrated with such wonderful companies in this
state-of-the-art establishment and look forward to what the future
brings for all!
For more information about Snakes & Lattes and its new
location at The Wellington Market, please visit https://www.snakesandlattes.com/wellingtonmarket
Stay tuned as further updates to follow in the coming days.
As always, a big thanks to all our shareholders, supporters,
loyal guests, and staff. Creating memorable, quality human
interactive experiences is what keeps the company going, and at all
times we keep the mission of Snakes & Lattes locations coast to
coast at the forefront of our strategy.
See you at Snakes & Lattes!
About Snakes & Lattes:
Founded in Toronto, Canada, Snakes & Lattes is a pioneer in
the tabletop gaming industry providing a unique social experience
centered around board games, food, and drinks. The locations are
dedicated to creating a fun and inclusive environment for gamers
and non-gamers alike.
Snakes & Lattes opened the first, and operates the largest
board gaming entertainment venues in North America with the highest
volume and most diverse circulating public library of games in the
world for players to choose from.
The Snakes & Lattes gaming locations also specialize in
full-service bar & restaurant offerings and currently owns and
operates 8 locations throughout the USA and Canada. Locations
include Tempe and Tucson Arizona, Chicago Illinois, Virginia Beach
Virginia, as well as 4 locations in Toronto, Ontario, Canada, known
as Annex, College, Midtown and Wellington Market.
Snakes & Lattes is continuously in process of expanding
throughout North America. For any and all inquiries regarding the
company, expansions and partnerships, please email IR at
investors@snakesandlattes.com and we will respond as soon as we
can. Thank you kindly.
Forward Looking Statements (Safe Harbor):
This release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended
(the Securities Act), and Section 21E of the Securities Exchange
Act of 1934, as amended (the Exchange Act), as well as others, and
it is intended that all forward-looking statements that are made
will be subject to the safe harbor protections created thereby.
Forward-looking statements can be identified by forward-looking
terminology such as aim, anticipate, believe, continue, could,
estimate, expect, confident, intend, may, might, plan, potential,
predict, projection, seek, should, will or would, or the negative
thereof or other variations thereon or comparable terminology. In
particular, statements that address guidance, outlook, targets,
market trends or projections about the future, and statements
regarding the Company's expectations, beliefs, plans, strategies,
objectives, prospects or assumptions, or future events or
performance, contained in this release are forward-looking
statements. The actual results, such as the Company's ability to
finance, complete and consolidate acquisition of IP, assets,
operating companies, etc. could differ materially from those
anticipated in these forward-looking statements as a result of
certain factors not within the control of the company such as a
result of various factors, including future economic, competitive,
regulatory, and market conditions. The company cautions readers not
to place undue reliance on any such forward-looking statements,
which speak only as of the date made. The Company has based these
forward-looking statements on current expectations, assumptions,
estimates and projections. Such forward-looking statements are only
predictions and involve known and unknown risks and uncertainties,
many of which are beyond FUNNs control. These and other important
factors, including those discussed more fully elsewhere in this
release and in the Company's filings may cause actual results,
performance or achievements to differ materially from those
expressed or implied by these forward-looking statements, or could
affect FUNNS share price. The forward-looking statements contained
in this release are not guarantees of future performance and actual
results of operations, financial condition, and liquidity, and the
development of the industry in which the Company operates may
differ materially from the forward-looking statements contained in
this release. Any forward-looking statement made in this release
speaks only as of the date of such statement. Except as required by
law, FUNN does not undertake any obligation to update or revise, or
to publicly announce any update or revision to, any of the
forward-looking statements, whether as a result of new information,
future events or otherwise, after the date of this release.
Contact:
Roger Mortimer
COB & Investor Relations Representative
Snakes & Lattes Inc.
Phone: (646) 992 3348
Phone: (647) 880 5887
Email: investors@snakesandlattes.com
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