Home » Economy » Börse Express – Modern Plant Based Foods Increases KitKitchen Soup Capacity and Prepares Nationwide Growth

Börse Express – Modern Plant Based Foods Increases KitKitchen Soup Capacity and Prepares Nationwide Growth

Vancestor, BC, December 31, 2021 Modern Plant-Based Foods Inc. (CSE: MEAT) (Modern Plant Based Foods) or that company) is pleased to announce that it has relocated the manufacturing facility for its popular KitsKitchen soups to meet current and future demand. Due to capacity problems in production, the company has recently been unable to fulfill a significant number of orders.

Despite the bottleneck, the current sales growth at KitsKitchen was in the period of 2021 to 2022 43% and the volume growth in 2021 from 76,400 liters to 107,770 liters a clear improvement, which, however, is still far below potential due to the production capacities. With additional products, KitsKitchen will significantly expand its offering in the eastern provinces of Canada and expand its market position with some of the larger retailers such as Costco.

The Company has also appointed Avtar Dhaliwal as Chief Executive Officer, effective from 4. January 2022 replaces the previous CEO Joni Berg. Ms. Berg will continue to work for the company and focus on KitsKfocus on itchen, the company that she founded 7 years ago. Mr. Dhaliwal has been with the company since it was founded and has worked in numerous functions over the course of the company’s history, getting to know the various areas and special features of the company.

I am happy, think Postin to pass on to Mr Dhaliwal, a colleague I have worked with and in whom I have great confidence. I will continue to work with the company, and especially with KitsKitchen and KitsCheeze, giving them the attention and focus necessary to help them grow into a global brand. I know Mr. Dhaliwal will do an amazing job of developing the company and the brand, especially now that the consumption habits of Millennials and Generation X are changing, said Ms. Berg.

Mr. Dhaliwal studied at the University of British Columbia Okanagan and has years of experience in the food industry, particularly in the areas of supply chain, compliance and regulatory processes. He is a third generation farmer and has over 1,000 acres [ca. 405 Hektar] Farms the land, employs hundreds of people, and monitors the growth of a wide variety of crops for retail and wholesale use. In addition, Mr. Dhaliwal oversaw crop quality standardization, wholesale sales and marketing, and direct sales to consumers in local markets and overseas. Working with dealers and associations, Mr. Dhaliwal brokered products to large retailers and national grocery stores such as Overwaitia and Safeway. Mr. Dhaliwal has also worked with wholesalers and partners such as the BC Fruit Packers Association and direct wholesalers. Most recently, Mr. Dhaliwal has been instrumental in guiding the company through the compliance and regulatory hurdles for product approval and distribution at Costco and other wholesalers.

I look forward to leading Modern Plant Based Foods into the next phase of growth and expansion in this rapidly expanding market. I’ve been in the food business for as long as I can remember and I will continue to work closely with the team as I advance our aggressive growth strategy in other markets in North America and around the world. I will continue to focus on an aggressive growth path, with a strong focus on innovative products, marketing techniques and acquisitionsexplained Mr Dhaliwal.

About Modern Plant-Based Foods

Modern Plant Based Foods is a Canadian food company based in Vancouver, British Columbia that offers a wide range of plant-based products, including alternatives to meat and dairy products, soups and vegan snacks. Our products are available in select restaurants and retailers across Canada, including our own Modern Wellness Bars in Vancouver. We take a holistic approach to a plant-based lifestyle and know how important it is to offer consumers nutritious and sustainable alternatives without sacrificing taste. Our goal is that people can eat food with a clear conscience. That is why we consciously choose ingredients that do not contain soy, gluten or nuts and have not been genetically modified.

Our guiding principle is to change the production and consumption of food for the benefit of people, animals and the environment and to use plant-based ingredients of natural origin.

For more information, please contact:

Yuying Liang

CFO

[email protected]

Tel.: +1 604-657-9010

MODERN PLANT BASED FOODS INC.

700 W Georgia St #2500,

Vancouver, BC V7Y 1B3

Cautionary note regarding forward-looking information

This press release contains certain “forward-looking statements” and “forward-looking information” under applicable Canadian securities laws that are not historical facts. Forward-looking statements are subject to certain risks, uncertainties and other factors that could cause actual results, performance, forecasts and opportunities to differ materially from those mentioned, directly or indirectly, in such statements. Forward-looking statements in this press release include, but are not limited to, statements relating to: the company and its business and prospects; the company’s objectives, goals or future plans; the company’s sales growth, planned expansion, awareness of the company’s brands, future sales and revenue growth, product availability through GFS, and the company’s business, operations, management and capitalization. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while reasonable, are subject to known and unknown risks, uncertainties and other factors that could cause actual results and future events to differ materially from those discussed in Such forward-looking statements are expressly or implicitly expressed. Such factors include, but are not limited to: general business, economic, and social uncertainties; local and global market and economic uncertainties arising in relation to the COVID-19 pandemic; Litigation; the availability of the main product ingredients; legislative, environmental and other judicial, regulatory, political and competitive developments; the ability to effectively expand manufacturing and production capacity; the ability to find retail partners to distribute the company’s products; the success of marketing initiatives and the ability to increase brand awareness; the ability to build, maintain and develop relationships with key strategic partners in the hospitality industry; the ability to predict consumer taste preferences; Delays or inability to obtain regulatory approvals; the adequacy of our cash on hand to meet liquidity needs; those additional risks identified in the company’s public documents referring to SEDAR under www.sedar.com published are listed; and other matters mentioned in this press release. Accordingly, the forward-looking statements contained in this press release may not materialize and vary materially due to these known and unknown risk factors and uncertainties that affect the company. While the company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, readers should not place undue reliance on these statements, which speak only as of the date they are made. No guarantee can be given that such events will occur in the specified time periods or at all. The company disclaims any intention or obligation to officially update any forward-looking information, whether as a result of new information or future events, or for any other reason, unless required by law.

The source language (usually English) in which the original text is published is the official, authorized and legally valid version. This translation is included for better understanding. The German version can be shortened or summarized. No responsibility or liability is assumed for the content, correctness, appropriateness or accuracy of this translation. From the translator’s point of view, the message does not constitute a buy or sell recommendation! Please note the original English message on www.sedar.com, www.sec.gov, www.asx.com.au/ or on the company website!

.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.