Bayguy
2 years ago
SECTION 1 - REGISTRANT’S BUSINESS AND OPERATIONS
Item 1.01 Entry into a Material Definitive Agreement.
On June 28, 2020, MamaMancini’s Holdings, Inc. (the “Company”), a marketer and distributor of specialty pre-prepared all-natural foods signed a definitive agreement to acquire a 24 percent (24%) minority interest in Chef Inspirational Foods, Inc. (“CIF”), a leading developer, innovator, marketer and sales company selling fresh and frozen prepared foods, for an investment of $1.2 million, at an implied enterprise value for CIF of $5 million. The investment consists of $500,000 in cash and $700,000 in MamaMancini’s common stock.
The Company also was granted the option to purchase the remaining seventy-six percent (76%) interest in CIF within one year of June 28, 2022. The option purchase price is an additional $3.8 million, of which $3.5 million would be paid in cash and $300,000 in common stock, which would be paid within a two-year period from June 28, 2022.
Founded in 2008, CIF sells fresh and frozen prepared foods for the supermarket, club store, and distributor trade across the United States. The company’s specialty is the Deli Department for prepared salads, prepared entrees and olives, with a unique line of different artisan flavors and styles. CIF is based in West Palm Beach, Florida, and Long Island, NY.
makinezmoney
5 years ago
$MMMB: Products are now selling on QVC
Mmmmmmmmmmmmmmmmmmmmmmmm.............. FAke meat !!!!!!!
GO $MMMB
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MamaMancini’s Plant-Based Meatballs and Sauce Made with Beyond Beef® Airs on QVC
Press Release | 01/03/2020
New Plant-Based Beyond Beef® Meatballs and Sauce Presented to QVC Audiences Worldwide on January 3rd
Beyond Beef® Meatballs and Sauce Sold out in 7 Minutes after Airing on QVC
EAST RUTHERFORD, NJ, Jan. 03, 2020 (GLOBE NEWSWIRE) -- MamaMancini's Holdings, Inc. (OTCQB: MMMB), a marketer of specialty pre-prepared, frozen and refrigerated food products, today announced that Dan Mancini, Co-Founder of MamaMancini's, appeared on QVC today on January 3, 2020 to introduce its Plant Based products the Company has created in partnership with Beyond Meat® – Beyond Beef Meatballs & Sauce.
This announcement marks the first public marketing on QVC of MamaMancini’s plant-based product developed in partnership with Beyond Meat. QVC shoppers had the opportunity to place orders for Beyond Meat’s innovative plant-based ground meat that delivers on the versatility, meaty texture and juiciness of ground beef, while offering the nutritional benefits of plant-based protein.
"Our partnership with Beyond Meat to combine their revolutionary plant-based ground meat with our old world Italian recipes has exceeded all expectations and created a truly unique and incredibly delicious product that we are confident QVC audiences will love,” said Carl Wolf, Chairman and Chief Executive Officer of MamaMancini's. “We look forward to continue offering QVC shoppers the opportunity to experience the same juicy, meaty texture as beef, with the benefits of plant-based proteins.”
“We’ve continuously expanded our relationship with QVC, who has been a fantastic retailer for MamaMancini’s. QVC’s highly engaging, differentiated shopping experience has proven particularly valuable to us from a revenue and marketing perspective. We look forward to continuing our strong working relationship,” concluded Wolf.
About MamaMancini’s Holdings, Inc.
MamaMancini's Holdings, Inc. (OTCQB: MMMB) is a marketer and distributor of specialty prepared, refrigerated and frozen all-natural Italian foods. MamaMancini’s product portfolio consists of over 20 products including meatballs, meat loaf, chicken parmesan, sausages and dinner kits, with beef, turkey, chicken and pork varieties. The Company’s products are sold in over 45,000 locations nationwide, including at well-known retailers such as Walmart, Kroger, Publix, Costco and Albertsons, as well as through national distributors such as Sysco and United Natural Foods. The Company has a major presence on QVC, the largest direct to consumer marketer in the world. For more information, please visit www.mamamancinis.com.
About Beyond Meat
Beyond Meat, Inc. (NASDAQ:BYND) is one of the fastest growing food companies in the United States, offering a portfolio of revolutionary plant-based meats. Founded in 2009, Beyond Meat has a mission of building meat directly from plants, an innovation that enables consumers to experience the taste, texture and other sensory attributes of popular animal-based meat products while enjoying the nutritional and environmental benefits of eating its plant-based meat products. Beyond Meat’s brand commitment, “Eat What You Love,” represents a strong belief that by eating its portfolio of plant-based meats, consumers can enjoy more, not less, of their favorite meals, and by doing so, help address concerns related to human health, climate change, resource conservation and animal welfare. Beyond Meat’s portfolio of fresh and frozen plant-based proteins are currently sold at approximately 58,000 retail and foodservice outlets in more than 50 countries worldwide. Visit www.BeyondMeat.com and follow @BeyondMeat, #BeyondBurger and #GoBeyond on Facebook, Instagram and Twitter.
Forward-Looking Statements for MamaMancini’s
This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in the Company's 10-K for the fiscal year ended January 31, 2019 and other filings made by the Company with the Securities and Exchange Commission.
Investor Relations for MamaMancini’s:
Greg Falesnik
Managing Director
MZ Group - MZ North America
(949) 385-6449
MMMB@mzgroup.us
www.mzgroup.us
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Golden Cross
5 years ago
News Out -- MamaMancini's Partners with Beyond Meat® to offer New Plant-Based Meatballs with Sauce and Meatball Pasta Bowls
Press Release | 09/27/2019
EAST RUTHERFORD, NJ, Sept. 27, 2019 (GLOBE NEWSWIRE) -- MamaMancini's Holdings, Inc. (OTCQB: MMMB), a marketer of specialty pre-prepared, frozen and refrigerated all-natural food products, has entered into a strategic partnership with Beyond Meat, Inc. (NASDAQ: BYND). MamaMancini’s is introducing a new line of fully cooked authentic Italian foods to its large customer base using Beyond Meat’s plant-based Beyond Beef®.
MamaMancini's customers nationwide will have the opportunity to experience the world’s first plant-based ground meat, that delivers on the versatility, meaty texture and juiciness of ground beef, while enjoying the nutritional and environmental benefits of eating plant-based protein products. New products will include “Beyond Beef Meatballs & Sauce” in several sizes, as well as vegan and gluten-free based “Spaghetti and Beyond Beef Meatball Pasta Bowls”.
MamaMancini’s expects to begin introducing the new line in several markets throughout the United States beginning immediately. Currently, MamaMancini’s products are sold at 45,000 locations in food retailers across the country and in the second fiscal quarter of 2020 ending July 31, 2019, MamaMancini grew its sales by 44% to $8.1 million.
“Plant-based meat is one of the fastest growing trends in the food industry, and Beyond Meat is leading the revolution,” said Carl Wolf, Chairman and CEO of MamaMancini’s Holdings. “Beyond Beef was the perfect choice for our new bowls as it offers the same juicy, meaty texture as beef, with the benefits of plant-based proteins. Our partnership will expand our current line of healthy products and enable us to penetrate new markets with customers looking to expand their protein options.”
“MamaMancini’s produces home style, old world Italian food with recipes passed down from Dan Mancini’s grandmother. She would be honored to know that this new ingredient not only tastes great, but helps address concerns related to human health, climate change, resource conservation and animal welfare. We are looking forward to a long-term partnership with Beyond Meats.”
"We are looking forward to the new products MamaMancini’s is creating that include our delicious plant-based proteins,” said Tim Smith, Beyond Meat's VP of Foodservice Sales, North America. “Their large distribution network will help deliver Beyond Meat’s product into homes across the country, allowing customers to experience the appeal and taste of iconic Italian food with a more sustainable alternative ingredient.”
About MamaMancini’s Holdings, Inc.
MamaMancini's Holdings, Inc. (OTCQB: MMMB) is a marketer and distributor of specialty prepared, frozen and refrigerated all-natural Italian foods. MamaMancini’s product portfolio consists of over 20 products including meatballs, meatloaf, chicken parmesan, sausages and pasta dinner kits with beef, turkey, pork and chicken varieties. The Company’s products are sold in over 45,000 locations nationwide, including at well-known retailers such as Walmart, Kroger, Publix, Costco and Albertsons, as well as through national distributors such as Sysco and United Natural Foods. The Company’s products are frequently offered for sale on QVC, the world’s largest direct to consumer marketer. For more information, please visit www.mamamancinis.com.
Forward-Looking Statements
This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in the Company's 10-K for the fiscal year ended January 31, 2019 and other filings made by the Company with the Securities and Exchange Commission.
MamaMancini’s Investor Contact:
Greg Falesnik
Managing Director
MZ Group - MZ North America
(949) 385-6449
greg.falesnik@mzgroup.us
www.mzgroup.us
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