February 22, 2024

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Modern Plant Based Foods Begins Process of Uplisting to Nasdaq

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VANCOUVER, BC, Sept. 2, 2021 /CNW/ – Contemporary Plant-Dependent Food items Inc., (CSE: MEAT) (” Modern Plant Based mostly Foodstuff “) or (the “Firm “), an award-profitable plant-dependent foods firm, is pleased to announce it will start out the uplisting procedure of implementing to the Nasdaq Inventory market. The Enterprise will be reviewing probable agents and making development to required demands to transfer to the Nasdaq on a prosperous software system of its latest OTC listing.

Modern Plant-Based Foods Logo (CNW Group/Modern Plant Based Foods Inc.)

Fashionable Plant-Centered Foods Brand (CNW Team/Fashionable Plant Dependent Meals Inc.)

“Listing to Nasdaq will allow us to create shareholder worth as a result of bigger price savings on our path in direction of profitability though becoming a member of our other marketplace top CPG companies on a foremost international trade,” States Cassidy McCord. “We are grateful for staying in the situation to acquire this good leap to turn out to be a senior listed safety.”

Tara Haddad will be going to the posture of Founder and will be succeeded by Joni Berg as CEO. In her role as Founder, Ms. Haddad will continue to operate with the Organization on essential company growth initiatives when Mrs. Berg will be dependable for day-to-working day functions. Ms. Haddad will also be stepping down from the Board of directors.

“Right after founding this firm three a long time in the past, I really feel it is the right time to go the firm to Mrs. Berg a colleague who has constructed an wonderful corporation with kitskitchen and has been in the meals place for several yrs. I have the complete self-confidence in her means to acquire our enterprise in the right course and as Founder I will continue to assist her as the Business grows. In the coming decades, Millennials and Gen-X intake patterns are heading to dictate exactly where this company is heading. These age brackets are heading to dictate client use designs and possessing Joni at the centre of this firm will assure longevity and progress of this enterprise for ongoing good results,” states Tara Haddad.

Mrs. Berg has invested 7 many years building kits kitchen and the products and solutions are presently shown with quite a few important retailers all through British Columbia. Mrs. Berg has held positions with big businesses these types of as Lululemon, Rogers Interaction, and Bell Media. Targeted on driving growth, Mrs. Berg’s vast array of operational skills include CPG generation and internet marketing, distribution and functions, as nicely as setting up corporate-huge processes to improve productiveness, cost reduction, and purchaser fulfillment.

“Tara has done an unbelievable work taking the firm from an strategy to the world-wide foods manufacturer we are right now. With multinational staff members and numerous distribution channels during North The united states, the development has been an unbelievable accomplishment in just two a long time. I will glimpse to be continuing this intense development sample with a heavy concentration on cutting edge products and solutions, promoting techniques, and acquisitions,” states Joni Berg.

The Company also announces that it has shut its previously announced non-brokered private placement providing of 840,337 units at a cost of $1.19 for each unit for gross proceeds of $1 million. Every unit is made up of one common share and just one transferable typical share acquire warrant. Every complete warrant entitles the holder thereof to order a person additional prevalent share of the enterprise for a time period of two yrs at $1.48 for every typical share. The proceeds lifted from this offering will be utilised by the Corporation for standard working money uses, advertising and marketing, and investor relations action

About Contemporary Plant-Based Foods

Present day Plant-Based mostly Meals is a Canadian food enterprise dependent in Vancouver, British Columbia that gives a portfolio of plant-primarily based merchandise like meat and dairy-totally free alternate options, soups and vegan treats. Our solutions are offered at decide on eating places and stores across Canada which includes our possess Present day Wellness Bars located in Vancouver. We consider a holistic tactic to plant-based mostly living and comprehend the great importance of providing healthy and sustainable possibilities to individuals with out sacrificing flavor. We want people to truly feel fantastic about the foodstuff they eat which is why we are deliberate in deciding upon ingredients totally free of soy, gluten, nuts and GMOs.

Our mission is to transform the way foods is developed and eaten for the advantage of persons, animals and the setting by making use of pure plant-based components.

Cautionary Statement Relating to Ahead-Wanting Data

This news launch contains certain “forward-wanting statements” and “ahead-on the lookout information and facts” below applicable Canadian securities laws that are not historic points. Ahead-on the lookout statements entail risks, uncertainties, and other variables that could lead to precise benefits, performance, prospective buyers, and opportunities to vary materially from these expressed or implied by such ahead-wanting statements. Forward-looking statements in this information release include things like, but are not constrained to, statements with regard to: the Organization and the Firm’s small business and potential clients the Firm’s goals, plans or upcoming programs the Company’s gross sales growth, prepared expansion, awareness of the Firm’s brand names, foreseeable future sales and profits progress, use of proceeds from the financing, and the small business, functions, management and capitalization of the Business. Forward-on the lookout statements are essentially based mostly on a range of estimates and assumptions that, while regarded as reasonable, are subject to recognised and unidentified hazards, uncertainties and other factors which may perhaps induce actual success and long term activities to differ materially from all those expressed or implied by this kind of forward-seeking statements. Such factors include, but are not confined to: typical business enterprise, economic and social uncertainties neighborhood and worldwide market place and financial uncertainties arising in respect of the COVID-19 pandemic litigation, availability of vital solution components, legislative, environmental and other judicial, regulatory, political and aggressive developments the capacity to properly extend producing and production ability the capacity to acquire retail associates to distribute Corporation products and solutions, the success of market place initiatives and the capacity to expand brand awareness the skill to attract, manage and expand interactions with important strategic restaurant and food service associates our capacity to predict customer flavor choices delay or failure to receive regulatory approvals the sufficiency of our funds to satisfy liquidity needs individuals added risks established out in the Firm’s community documents submitted on SEDAR at www.sedar.com and other issues mentioned in this information launch. Appropriately, the forward-on the lookout statements reviewed in this launch may not come about and could vary materially as a consequence of these recognised and unknown risk variables and uncertainties affecting the Firm. Though the Company believes that the assumptions and variables utilized in preparing the forward-searching statements are realistic, undue reliance ought to not be put on these statements, which only implement as of the day of this news launch, and no assurance can be provided that these kinds of situations will take place in the disclosed time frames or at all. Except exactly where expected by law, the Enterprise disclaims any intention or obligation to update or revise any forward-on the lookout statement, whether as a result of new details, future situations, or in any other case.

Resource Modern Plant Dependent Meals Inc.

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