Weekly Update - October 29th

Week ending on October 22, 2023.

Carry over from last week

Hot Sauce

• Wholesale pricing for AAPES with existing businesses.

• Others were "minted" or purchased, but never listed.

Completed this week

• Found an issue in the wholesale pricing for some customers.

  • Working on a solution and was hoping to finish this week. (See next note.)

• An error with the order export automation to United Sauces was found.

  • This caused all orders to not process.

  • Could not confirm international shipping rates to Canada.

  • Caused the delay in the new wholesale pricing release.

• Continued to onboard the new CFO.

  • He is looking at the tax warnings within Shopify.

• Researched options to accept crypto payments within Shopify.

• Continued alternative packaging and product configuration testing for major retailers.

  • Research and testing for environmentally friendly packaging options.

• The good news is that we continue to receive communication from the retail distributor who has advised us that they are in discussions with three new stores. Some well-known. Due to NDAs, we cannot disclose much more but we are very excited to see this escalating.

• More small stuff and business development and discovery phone calls.

To do

• Hot Sauce

  • Continue to work through the backlog of sauces.

Challenges

• Hot Sauce

  • How to pay royalties?

    • Group rev share/royalties.

      • How to allocate?

      • How to claim?

Other updates

• Part of the ThrillKicker team is out the entire next week.