Jan 11, 2022 (Baystreet.ca via COMTEX) -- The plant-based food market show no signs of slowing. In fact, with millions switching to plant based alternative diets, analysts at Credit Suisse say the market could grow 100-fold by 2050. In fact, they believe that a plant-based shift in global food systems in “inevitable,” as noted by The Beet, and that the market could reach $1.4 trillion by 2050. That could be substantial news for companies such as Komo Plant Based Foods /zigman2/quotes/214577525/delayed CA:YUM -14.29% (otcqb:KOMOF), Else Nutrition Holdings Inc. /zigman2/quotes/201623942/delayed CA:BABY -3.77% (otcqx:BABYF), Guru Organic Energy Corp. /zigman2/quotes/222306713/delayed CA:GURU -6.56% /zigman2/quotes/222657748/composite GUROF -51.46% , Rritual Superfoods Inc. /zigman2/quotes/226346953/composite RRSFF -94.71% , and Blender Bites Ltd. /zigman2/quotes/229720596/delayed CA:BITE -1.74% .
There’s so much demand that restaurants, such as Chipotle Mexican Grill just announced a vegan, plant based vegan option. Kentucky Fried Chicken just added a meatless chicken option across the U.S. with Beyond Meat. Even Cold Stone Creamery is introducing “Don’t Cry Over Spilled Silk,” a vegan ice cream. We’re sure to hear about even more vegan options, with millions of global consumers clamoring for more choices.
Look at Komo Plant Based Foods /zigman2/quotes/214577525/delayed CA:YUM -14.29% (otcqb:KOMOF), For Example
Komo Plant Based Foods Inc. , a premium plant-based food company, is pleased to announce that BRR Logistics is now carrying all Komo frozen plant-based products for distribution, with a focus on Ontario and Quebec. BRR offers one of Canada’s largest selections of high quality frozen consumer goods, working with some of the biggest brands and retailers in the world. BRR is a Unilever Master Distributor and directly services all national grocery banners including Loblaws, Real Canadian Superstore, Metro, The Northwest Company, Sobeys, Costco and Walmart. Additionally BRR services a large number of independent grocery accounts. Its weekly service points include the following jurisdictions; Saskatchewan, Manitoba, Nunavut, Ontario, Quebec and Atlantic.
“Myself and the entire team at BRR are really excited as we prepare to launch Komo Comfort Foods to major grocery retail in Canada. While focusing in Ontario and Quebec we will be making sensible and delicious vegan family options available on shelf for 2 in 3 Canadian households! We have watched as the brand exceeded expectations in Western Canada and we are hearing from buyers across Ontario and Quebec who have also noticed Komo and recognised the gap their products fill in the marketplace. There is an inventory position in Ontario now and we expect to see strong demand for Komo Comfort Foods in Q1 2022,” says Michael Wakefield, President and CEO BRR Logistics Limited.
BRR picked up its first order of Komo Plant-Based foods in late December 2021 and is now actively distributing Komo products across Canada, with a focus on Ontario and Quebec. BRR partners with TransCold Distribution, who began distributing Komo in October 2021 to major grocery chains in British Columbia and Alberta. Komo frozen plant-based products are now carried by five distributors - BRR Logistics, TransCold Distribution (which sells to Safeway, Save on Foods, Loblaws, Real Canadian Superstore, Fresh Co, Thrifty Foods, Whole Foods, Walmart, Nesters Market, Buy-Low Foods, Walmart, Costco, 7-Eleven, Shoppers Drug Mart, SPUD.ca and Pomme Natural Market in Western Canada), Dean’s Dairy, Goodness Distributors and Nationwide Natural Foods (which focuses on delivering clean, natural products that cater to a certain lifestyle to major and independent grocery stores, specialty stores, coffee shops and bistros, including Sobeys, Choices, Quality Foods, Country Grocer, Save-On-Foods and Whole Foods across Canada).
In addition to selling through a retail network, Komo sells its products directly to consumers through its e-commerce website and at local farmers' markets. A full list of retail locations can be found at the company's website in addition to over 200 reviews from verified buyers.
Other related developments from around the markets include:
Else Nutrition Holdings Inc., the Plant-Based baby, toddler and children nutrition company announced that is has received the World Plant Based 2021 Award for its Plant-Based Complete Nutrition for Toddlers, as Best Dairy Product Alternative. The Award was announced this week at Plant Based World Expo in New York city. The World Plant-Based Awards, in association with Plant Based World Expo and FoodBev Media, are a celebration of innovation and excellence across the Plant-Based food and drink industry, honoring top innovative brands in the sector. Else was amongst dozens of candidates in the dairy product alternative category.
Guru Organic Energy Corp. will report its financial results for the fourth quarter and fiscal year ended October 31, 2021, before market opens on Thursday, January 20, 2022. Management will hold a conference call to discuss its financial results the same day at 10:00 a.m. ET. The conference call will include a Q&A period open exclusively to financial analysts who are invited to participate by using the dial-in number provided below. Other interested parties are invited to participate in the call on a listen-only basis and are encouraged to do so via live audio webcast, which will be available on GURU's website.
Rritual Superfoods Inc. announced that the Company’s premium brand of functional superfoods are experiencing strong growth at CVS Stores throughout the USA as indicated by a third consecutive month of re-orders following the brand’s launch earlier this year. “As the focal point of our growth strategy, that being an emphasis on building a national retail presence, Rritual’s CVS rollout continues to prove extremely valuable as a platform to build brand loyalty and customer satisfaction throughout the nation,” noted Mr. David Kerbel, Rritual CEO and Director. “The CVS HealthHUB philosophy aligns completely with Rritual’s health and wellness vision and the continued pattern of re-orders is validation of our strategy and consumer and retail partner satisfaction.”
Blender Bites Ltd., a Canadian company involved in the development and marketing of a line of premium, organic and plant-based pre-portioned frozen functional foods, announces that it will undertake a forward share split in which existing shareholders of the Company will receive 1.25 common shares in exchange for every existing common share of the Company. As of the date of this news release, there are currently 29,582,624 common shares of the Company outstanding. Following completion of the Forward Split, the Company will have approximately 36,978,280 common shares outstanding. Management of the Company is of the view that the Forward Split will help to improve liquidity, reduce the recent volatility in the market and address potential short-selling activity.
Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Komo Plant Based Foods has paid three thousand five hundred dollars for advertising and marketing services to be distributed by Winning Media. Winning Media is only compensated for its services in the form of cash-based compensation. Winning Media owns ZERO shares Komo Plant Based Foods Please click here for full disclaimer.
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