Real Good Foods Announces First International Expansion into the Canadian Club Channel
February 13 2024 - 8:31AM
The Real Good Food Company, Inc. (Nasdaq: RGF) (“Real Good Foods”
or the “Company”), a leading health and wellness frozen and
refrigerated foods company, today announced the national launch of
its refrigerated burritos into the Canadian club channel – marking
the Company’s first international sales.
This international expansion is another step
forward to fulfilling Real Good Foods’ mission to make nutritious
foods more accessible to people everywhere and help them to live
healthier lives. The Real Good Foods Burritos have more protein and
far less carbohydrates than leading brands in stores today. In
fact, the leading burrito offerings in Grocery stores today have
approximately 40-50g of high glycemic Carbohydrates per serving,
and Real Good Foods has a fraction of this while providing more
protein.
These Low Carb Burritos will be merchandised in
the refrigerated section of Club/Wholesale stores across Eastern
& Western Canada beginning in February 2024. They are currently
available across the U.S. in both the retail and club channels. To
find a store near you, please visit www.realgoodfoods.com.
Bryan Freeman, Executive Chairman of The Real
Good Food Company, said: “Our mission is to make people’s favorite
foods more nutritious, and we are thrilled to launch our low carb
burritos to consumers across Canada. This highly incremental
distribution win addresses the demands of Canadian consumers, who
have continuously requested we launch in their region. While we are
starting our initial rollout in Canada with our burritos, we will
seek to further grow the depth of our Canadian penetration with
other products over time.”
About Real Good Food Company
Real Good Foods (NASDAQ: RGF) is a leading
health and wellness frozen and refrigerated foods company,
providing a better way to enjoy your favorite foods. The Company’s
mission is to provide “Real Food You Feel Good About Eating”,
making delicious, nutritious foods that are low in sugar, low in
carbohydrates and high in protein. The Real Good Foods family of
products includes breakfast, lunch, dinner, and snacks – available
in over 16,000 stores nationwide with additional direct-to-consumer
options.
To learn more, please visit our website at
realgoodfoods.com or join us on social media @realgoodfoods – where
we maintain some of the largest followings in the frozen food
industry today.
Forward-Looking Statements
This press release contains "forward-looking
statements" within the meaning of the safe harbor provisions of the
U.S. Private Securities Litigation Reform Act of 1995, which
statements are subject to considerable risks and uncertainties.
Forward-looking statements include all statements other than
statements of historical fact contained in this press release,
including statements regarding its projected financial results,
including net sales, adjusted gross margin, and adjusted EBITDA and
its ability to increase production at its new facility, improve
profitability and meet its long-term growth objectives. The Company
has attempted to identify forward-looking statements by using words
such as "believe," "estimate," "expect," "intend," "may," "plan,"
"predict," "project," "should," "will," or "would," and similar
expressions or the negative of these expressions.
Forward-looking statements represent
management's current expectations and predictions about trends
affecting the Company’s business and industry and are based on
information available as of the time such statements are made.
Although the Company does not make forward-looking statements
unless it believes it has a reasonable basis for doing so, it
cannot guarantee their accuracy or completeness. Forward-looking
statements involve numerous known and unknown risks, uncertainties
and other factors that may cause its actual results, performance or
achievements to be materially different from any future results,
performance or achievements predicted, assumed or implied by the
forward-looking statements. Some of the risks and uncertainties
that may cause its actual results to materially differ from those
expressed or implied by these forward-looking statements are
described in the section entitled "Risk Factors" in its Annual
Report on Form 10-K for the year ended December 31, 2022, and other
documents filed with or furnished to the Securities and Exchange
Commission by the Company from time to time.
In addition, readers are cautioned that the
Company may make future changes to its business and operations in
response to the impacts of the COVID-19 pandemic, supply chain
disruptions and macroeconomic challenges, or in response to other
business developments, which changes may be inconsistent with the
Company’s prior forward-looking statements, and which may not be
disclosed in future public announcements.
Investor Relations ContactAkshay Jagdale (856)
955-1453 ir@realgoodfoods.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/955f06e1-c773-4c20-8606-732de344b2f6
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