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CANDY CLUB 26 October 2021 Record monthly and quarterly sales results led by multiple significant customer , product and operational successes Strategic initiatives on - track to continue record results in 4Q 2021 • • 3Q FY2021 B2B Revenue increased 125 % YoY to $ 3.6m from $ 1.6m Expect to report a record month for October with $ 3.0m in B2B revenue Quarterly Activities Report & Appendix 4C for the quarter ended 30 September 2021 Cann Melbourne , Australia – Candy Club Holdings Limited ( ASX : CLB ) ( " Candy Club " or " the Company " ) is pleased to announce its results for the three months ending 30 September 2021 ( " 3Q FY2021 " ) . Note that all dollar figures are in US dollar terms unless otherwise specified . The Company achieved total gross revenue of $ 4.12 million in 3Q FY2021 , representing an increase of 95 % year - on- year ( " YoY " ) . This was driven by its business - to - business ( " B2B " ) segment achieving $ 3.6 million in gross revenue during 3Q FY2021 ( + 125 % YoY ) . On a quarter - on - quarter ( " QoQ ” ) basis , the B2B segment grew by 52 % . The Company believes that had it not experienced the short - term disruptions in its supply chain consisting mainly of minor shipping delays , labor shortages and component outages due to the widely reported industry - wide challenges in the US , the Company would have shipped products generating revenues of approximately $ 4.2 million in its B2B segment in the latest quarter and reported even stronger 3Q results . These shipping disruptions were relatively short with no sales expected to be lost as a result . Operational Highlights : Candy Club continues to expand its bricks - and - mortar distribution footprint with both prominent national retailers and specialty boutiques of all types and has added more than 2,000 customers and 4,000 outlets in the latest quarter . Due Due to strong retail consumer demand for its products , the number of large regional and national customers currently carrying Candy Club's products in broad distribution on a permanent ranging basis has expanded significantly to ten ( 10 ) . Key among these retailers are Kohl's , JCPenney , Barnes & Noble , Hobby Lobby , Belk and many others , who each have the potential to significantly grow their sales of Candy Club products in 2022 and beyond . " Candy Club continues to thrive with retailers of all shapes and sizes , across the entire US and in nearly every retail sales channel imaginable . Whether in high - end fashion boutiques in the Hamptons , national department stores like Kohl's or JCPenney or hospitality venues like Great Wolf Lodge Water Parks , we are experiencing strong sell - in , sell through and re - orders of our products , " says Founder and CEO Keith Cohn . " I cannot think of another CPG product line that can go into as many different retail outlets and in as many sales channel as ours can . So long as we continue to execute the sky is truly the limit for this business . " Candy Club's e - commerce B2B business continues to thrive . The Company continues to be one of the top selling brands on the 3rd party managed Faire and Tundra marketplaces . In addition , the Company has recently launched its own proprietary e - commerce wholesale platform , which continues to fuel the Company's growth with new customers being acquired every day and encouraging levels of returning - customer repeat orders . Continued focus and investment will be made in the Company's proprietary wholesale platform which is expected to continue to grow and be a strong contributor to future sales results . Through the first three quarters of 2021 the 3rd party and company- managed platforms are up 2.5x on a YoY basis . All dollar figures throughout this document are in US Dollars unless otherwise specified . 11101486_1