Komo Plant Based Foods Completes First Production Run at Co-Manufacturer and Fulfills First Distributor Orders
October 19 2021 - 11:01AM
InvestorsHub NewsWire
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Komo
Plant Based Foods Completes First Production Run at Co-Manufacturer
and Fulfills First Distributor Orders
Vancouver, B.C.
- October 19, 2021 -- InvestorsHub NewsWire -- Komo Plant
Based Foods Inc. (CSE: YUM)
(OTCQB:
KOMOF)
(FRA:9HB) ("Komo"), a premium frozen plant-based food
company, is pleased to announce that it has successfully ramped up
production through its new co-manufacturing partner and completed
fulfilment last week of purchase orders for all four of its
distributors.
This shipment of products have
been produced with newly updated, retail-ready packaging and
refreshed formulas. Distributors have picked up the products for
delivery to new and existing retail locations. With last week's
orders and delivery of 1,788 kilograms (approximately 4,000 pounds)
of product, Komo expects a substantial increase in revenues for
this quarter over previous quarters. New retail locations are
expected to be announced over the next few months.
"We are pleased to now have the production capability
to expand the distribution of our plant-based products," says
Jeffrey Ma, President and CEO of Komo's operating subsidiary, Komo
Comfort Foods. "We launched locally earlier this year with a speed
to market approach locally and to validate our product-market fit
in the frozen food category. With the packaging and formula revamp,
we were able to incorporate the feedback from our customers over
the past few months. Finding the right co-manufacturing partner was
our goal for the fourth quarter of this year to help unlock our
ability to supply our products.
This paves the way for expansion
of our direct to consumer business and retail distribution in the
United States and Canada. More importantly, we continue to pursue
our mission to make plant-based meals a staple at every dinner
table."
Komo
currently manufactures seven plant-based frozen products,
including plant-based
Lasagna, Shepherd's Pie and Chickenless Pot Pie and has recently
launched a new line - Komo Plant-Based Meal
HelpersTM
- versatile meal starters to
allow the creation of many dishes at home. The company has several new products in
development planned for launch later this year.
About
Komo
Komo Plant Based Foods Inc. is a
premium plant-based food company that develops, manufactures and
sells a variety of plant-based frozen meals that are always hearty,
satisfying, and made with wholesome ingredients. At Komo, our
mission is to help make plant-based meals a staple on every dinner
table by sharing our love for feel-good food that connects the
people to the planet. We believe plant-based eating is the future
and - Change can start with a single biteTM.
Our experienced plant-based innovation and development team
recreates vegan versions of traditionally cheesy and meaty
classics, with 100% plants. Komo's products are sold
direct-to-consumer through our eCommerce website and a distribution
network of online and brick and mortar grocery, convenience and
natural retailer channels. Our operating subsidiary Komo Comfort
Foods launched in 2021 with our flagship products: plant-based
Lasagna, Shepherd's Pie and Chickenless Pot Pie and has recently
launched a new line - Komo Plant-Based Meal
HelpersTM
- versatile meal starters to
allow the creation of many dishes at home. All of our products are 100%
plant-based, made with wholesome ingredients, free from
preservatives, and frozen for freshness. Freezing products is a natural and effective
way of keeping food products for longer without having to use any
preservatives. Komo's meals have a 1-year frozen shelf
life.
Learn more at: www.komocomfortfoods.com
and follow on Instagram:
@komocomfortfoods
For further information, please
contact:
William White, President &
CEO, Komo Plant Based Foods Inc.
will@komoeats.com
1-866-969-0882
The Canadian Securities Exchange
has not reviewed, approved or disapproved the contents of this news
release.
Cautionary
Statement Regarding Forward-Looking Statements
Certain
statements contained in this press release constitute
forward-looking information. These statements relate to future
events or Komo's future performance. The use of any of the words
"could", "expect", "believe", "will", "projected", "estimated" and
similar expressions and statements relating to matters that are not
historical facts are intended to identify forward-looking
information and are based on Komo's current belief or assumptions
as to the outcome and timing of such future events. Actual future
results may differ materially. In particular, Komo's product
development plans, its ability to retain key personnel, its
revenues, and its expectation as to the acceptance of its products
by retailer stores and consumers constitute forward-looking
information. Actual results and developments may differ materially
from those contemplated by forward-looking information. Readers are
cautioned not to place undue reliance on forward-looking
information. The statements made in this press release are made as
of the date hereof. Komo disclaims any intention or obligation to
publicly update or revise any forward-looking information, whether
as a result of new information, future events or otherwise, except
as may be expressly required by applicable securities
laws.
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