Stryve Foods Stock Pops On Broadened Distribution Deal With Costco, Walmart

Stryve Foods Inc SNAX has signed new agreements for the 2022 expansion of its domestic U.S. distribution footprint and product line penetration with Costco Wholesale Corp COST and Walmart Inc WMT.

• Select Stryve Biltong, and Vacadillos products will be available every day at Costco warehouses in Arizona and business centers nationwide, doubling Stryve's previous Costco distribution. 
• As part of the expansion, Costco will begin carrying the 12 oz Hickory flavor of Stryve Biltong amongst its healthy and nutritious Stryve and Vacadillos offerings.
• At Walmart, Stryve is set to add in April two new Vacadillos Carne Seca SKUs (Chili Lime and Habanero) and a Stryve Biltong multipack to its array of products offered at Walmart Supercenters.
• Stryve's total retail footprint stands at more than 30,000 retail locations.
• Price Action: SNAX shares are trading higher by 19% at $4.00 on the last check Thursday.