AveragePenny
2 years ago
$GFCOF Sprouts Farmers Market Includes Good Flour Co. Products as Part of Gluten-Free Awareness Campaign
https://www.otcmarkets.com/stock/GFCOF/news?id=390997
VANCOUVER, BC, Feb. 23, 2023 /CNW/ - The Good Flour Corp. (CSE: GFCO) (OTCQB: GFCOF) (FSE: 3KZ) ("GFCO") is pleased to announce that GFCO is participating in U.S. based Sprouts Farmers Market's gluten-free awareness campaign. The campaign provides general information about switching to gluten-free and tips for shopping gluten-free. In then highlights certain gluten-free products including GFCO's Artisan Fried Chicken Mix and Artisan Fish Batter. The campaign can be found here: https://www.sprouts.com/healthy-living/gluten-free-goodness/.
GFCO initially launched its products at Sprouts on December 9, 2022. Sprouts is one of the largest and fastest growing specialty retailers of fresh, natural and organic food in the United States, with nearly 380 stores in 23 states.
"This is further good news that GFCO's products are a part of this campaign by Sprouts. These super food blends are perfect for those who want to eat gluten-free but are also a tasty alternative for those shoppers who just want less gluten in their diet. GFCO will continue to grow its brand recognition in the United States through promotions like these," states Matthew Clayton, CEO of GFCO.
AveragePenny
2 years ago
$GFCOF The Good Flour Corp. Hits Milestone with Over 70,000 Gluten Free Pizza Crusts Delivered to Panago Pizza
https://www.otcmarkets.com/stock/GFCOF/news?id=390208
VANCOUVER, BC, Feb. 16, 2023
VANCOUVER, BC, Feb. 16, 2023 /CNW/ - The Good Flour Corp. (CSE: GFCO) (OTCQB: GFCOF) (FSE: 3KZ) ("GFCO") is pleased to announce that it has hit a significant milestone as it has now delivered over 70,000 of its gluten free pizza crusts to Panago Pizza locations nationwide. Panago is a Canadian pizza delivery and takeout chain with over 195+ locations across five provinces and territories. Panago sources the highest quality ingredients to create great tasting pizzas that are better for our health and our environment. GFCO's pizza crusts are available as Panago's Organic Gluten-smart Crust for its customers who are watching their gluten intake.
"I am extremely pleased regarding the demand that GFCO is seeing for its pizza crusts through Panago. The national rollout has only recently commenced and consumers are recognizing that they don't have to sacrifice quality or taste if they would like a gluten-smart pizza option. GFCO's pizza crust is attracting attention and I expect there will be further food service providers that will want to offer this product to their customers," stated Matthew Clayton, CEO of GFCO.
AveragePenny
2 years ago
$GFCOF Amazon Now Carries The Good Flour Corp. Products for Sale
https://www.otcmarkets.com/stock/GFCOF/news?id=389320
VANCOUVER, BC, Feb. 9, 2023 /CNW/ - The Good Flour Corp. (CSE: GFCO) (OTCQB: GFCOF) (FSE: 3KZ) ("GFCO") is pleased to announce that its products are now available for purchase on Amazon.com in the United States and Amazon.ca in Canada. Amazon will carry GFCO's gluten and allergen free fried chicken batter, fish & chip batter, pizza & pasta mix, tempura batter, pancake and waffle blend, cake mix.
"GFCO continues to roll out its sales strategy with a focus on the sales channels that have the highest traffic. It has had significant recent success in brick and mortar retail sales growth and is now adding online channels. Amazon is clearly the market leader in the online sales category and GFCO is pleased that its products are now available for purchase through Amazon," said Matthew Clayton, Chief Executive Officer of GFCO.
AveragePenny
2 years ago
$GFCOF The Good Flour Corp. Announces New Supply Agreement with North American Meat Processor; GFCO Gluten-Free Fried Chicken Mix Expands Presence in Booming Markets
https://www.otcmarkets.com/stock/GFCOF/news?id=388985
VANCOUVER, BC, Feb. 7, 2023 /CNW/ - The Good Flour Corp. (CSE: GFCO) (OTCQB: GFCOF) (FSE: 3KZ) ("GFCO") today announced that GFCO has begun supplying a British Columbia-based meat processing plant (the "New Client") with its GF (Gluten-Free) Chicken Coating Mix/Blend. The New Client is using the GFCO chicken mix for foods such as GF chicken wings, GF chicken tenders, and GF popcorn chicken.
The New Client has a federally inspected Canadian facility, a key designation as it permits cross-border commerce to the U.S., in addition to sales throughout Canada. The new supply agreement exemplifies GFCO's sales channel diversity and further deepens GFCO's foothold in the robust gluten- and allergen-free food space and thriving chicken market.
According to Grandview Research, the global gluten-free products market size is expected to grow at a compound annual growth rate (CAGR) of 9.8% from 2022 to reach $13.7 billion by 2030. Despite chicken prices soaring in the first half of 2022, American's hunger for chicken remained strong, with $2.4 billion spent in the second quarter to buy 678 million breaded chicken sandwiches, up 3 percent from the first quarter of the year. In that industry segment, analysts at Technavio forecast the global take-out fried chicken market to experience a 5.32% CAGR to add $1.92 billion in market value from 2021 to 2026.
The New Client joins a growing portfolio of partners already purveying GFCO products, including distributors like Gordon Food Services and popular restaurants such as Earls Kitchen & Bar. GFCO chicken mix was recently featured in an article in Vancouver Magazine titled, "Best Thing I Ate All Week: (Gluten-Free!) Fried Chicken from Maxine's Cafe and Bar," during which the author raved about the gluten-free fried chicken served at Maxine's on Burrard Street in Vancouver made from the GFCO product.
"This is a fantastic growth opportunity for GFCO and further reinforces that our investment in a new, scalable production plant and automation equipment to efficiently formulate and manufacture certified GF and allergen-free mixes was a prescient business strategy last year," said Matthew Clayton, Chief Executive Officer of GFCO. "In collaboration with our consultants and advisors, we remain extremely active in pursuing similar coating opportunities across North America for not only chicken, but also other meats, fish, and plant-based products. While we are thrilled with the new supply agreement, we are confident that we are only scratching the surface of the potential market share we can capture in the food processing space."
AveragePenny
2 years ago
$GFCOF The Good Flour Corp. New Product Developments Position it to Enter the USD 20.19 Billion Dollar Protein Supplements Market
https://www.otcmarkets.com/stock/GFCOF/news?id=388535
Canada NewsWire
VANCOUVER, BC, Feb. 2, 2023
Potato Protein can Induce Strong Muscle-Building Response
VANCOUVER, BC, Feb. 2, 2023 /CNW/ - The Good Flour Corp. (CSE: GFCO) (OTCQB: GFCOF) (FSE: 3KZ) ("GFCO") is pleased to highlight the market opportunity for its recently announced high protein pancake and waffle mix that is under development. GFCO is developing both an adult version and a version targeted towards children under the brand name "Patty Cakes™". According to Facts and Factors, the Global Protein Supplements Market size was worth USD 20.19 billion in 2021 and is projected to reach USD 32.56 billion by 2028, at a CAGR of approximately 9.29% between 2022 and 2028.1
GFCO is developing these new products using potato protein. A new study suggests that potato protein consumption can strongly increase muscle protein synthesis rates at rest and during recovery from exercise. A recent study, published in Medicine & Science in Sports & Exercise, shows that plant-derived proteins can induce strong muscle-building response. Potato protein ingestion has been shown to increase muscle protein synthesis rates at rest and during recovery from exercise in humans.2
The new high protein pancake and waffle mix from Good Flour has been formulated with the health and wellness space in mind, it will be followed by additional products under development for the same vertical market. Key benefits of protein are: protein helps you feel full longer, protein boosts metabolism and protein aids with muscle recovery and growth.
The newly formulated mixes remain true to Good Flour's core product philosophy, they are Gluten Free, High in Fiber, Low on Sugar, Ready to Use, and Very Tasty.
"Our protein enriched products can address new vertical markets for us both online and through the retail channel," stated Matthew Clayton, CEO of GFCO. "There are over 91,000 specialty health stores in the USA alone creating a significant opportunity for our growing distribution and product reach. I am very proud of our formulation team that continue to make our healthy products, even healthier. We look forward to expanding both our distribution and product line with a focus on the wellness market."
AveragePenny
2 years ago
$GFCOF The Good Flour Corp. Announces Development of "Patty Cakes" Gluten- and Allergen-Free Protein Pancake Mix Designed for Children
https://www.otcmarkets.com/stock/GFCOF/news?id=388242
Demand for Global Protein Supplements Market Size to Surpass USD 32.56 Billion by 2028
VANCOUVER, BC, Jan. 31, 2023 /CNW/ - The Good Flour Corp. (CSE: GFCO) (OTCQB: GFCOF) (FSE: 3KZ) ("GFCO") is pleased to announce that it is developing its latest portfolio addition, a children's protein pancake and waffle mix called "Patty Cakes™." Patty Cakes™ is enriched with 23 grams of potato protein and 100% free of gluten and all top allergens, including dairy, nuts, egg, and soy. Patty Cakes has been meticulously formulated to appeal to health-conscious parents seeking alternative to traditional pancake mixes. According to Facts and Factors, the Global Protein Supplements Market size was worth USD 20.19 billion in 2021 and is projected to reach USD 32.56 billion by 2028, at a CAGR of approximately 9.29% between 2022 and 2028.1
In preparation for the Patty Cakes™ launch in the coming months, GFCO is finalizing the ingredient structure and exploring moving the product throughout its existing retail and food service channels. GFCO has also applied for a trademark for Patty Cakes™ in Canada and the United States. The chefs at GFCO are also working on a line of frozen, ready-made waffles designed for parents and kids on the go. Meeting demand for reduced-sugar, gluten-free foods that provide an appropriate amount of protein for children, the Company feels Patty Cakes™ are ideal for school programs throughout North America looking to improve the quality of their nutritional offering to children.
GFCO seeks to be a solution to the growing health concern of food allergies that, according to the Centers for Disease Control and Prevention (CDC), affect an estimated 1 in 13 (~8%) of children in the United States today. Most serious allergic reactions stem from eight foods or food groups: milk, eggs, wheat, soy, peanuts, tree nuts, fish, and crustacean shellfish, none of which are found in Patty Cakes.
Patty Cakes™ have no sugar added, keeping within CDC recommendations to limit caloric intake from this source. Furthermore, research has determined that diets high in sugar have been linked to health problems, including obesity, heart disease, and memory function. Recent research suggests that sugar-sweetened products can have a negative effect on brain development as well.2
"As a parent myself, I saw the direct effects of allergies and food sensitivities in my own children and quickly learned that feeding a family a balanced diet low in processed sugar and high in protein with great taste and flavor was a formidable challenge," said Matthew Clayton, Chief Executive Officer of GFCO. "In today's fast-paced world, each stop at the fast-food shop is a poignant reminder of the tradeoff between convenience and health for developing children. At GFCO, we know it doesn't need to be that way anymore and are committed to offering better food providing a spectrum of nutritional value that kids and parents alike will love. We are excited to be developing this easy-to-use dry mix blend for meals or snacks at home and have started the process of developing our gluten-free protein waffle that is frozen and conveniently made in an everyday toaster."
AveragePenny
2 years ago
$GFCOF The Good Flour Corp. Reaches 940 Retail Locations in North America
https://www.newswire.ca/news-releases/the-good-flour-corp-reaches-940-retail-locations-in-north-america-830793339.html
VANCOUVER, BC, Jan. 24, 2023 /CNW/ - The Good Flour Corp. (CSE: GFCO) (OTCQB: GFCOF) (FSE: 3KZ) ("GFCO") today announced that GFCO products are now available in 940 retail locations across the United States and Canada. In the second half of 2022, GFCO began implementing strategies designed to expand GFCO's retail footprint, which immediately translated into new retail distribution of its products with industry leaders such as Sprouts Farmers Market, Heinen's Grocery Store, and one of North America's and the world's largest retailers (see press release here).
"We expect to soon reach the 1,000-store milestone, and while that is a tremendous accomplishment, we are only scratching the surface of the opportunity at hand as people adopt healthier lifestyles and become increasingly aware of clean labels and allergen-free foods," said Matthew Clayton, Chief Executive Officer at The Good Flour Corp. "The fact that we've experienced about 95 percent of our retail growth in the last three months is a testament to the quality of our team, products, and strategies."
GFCO is building its North American presence as a disruptor to the gluten-free (GF) market through three primary channels: food service, retail, and private label. Founded by chef Jen Peters and chef Hamid Salimian, both of which worked in Michelin restaurants, GFCO's history is rooted in business-to-business operations supplying restaurants across Canada and the U.S. with high quality GF products. As GFCO continues expansion in that market segment, management is focusing its efforts on simultaneously widening the retail footprint, both horizontally by expanded distribution of existing products and vertically by developing new products, including a new GF Protein Pancake & Waffle Mix superfood. GFCO is fully integrated, controlling every aspect of the manufacturing process in-house to high levels of certification, which has prompted interest in white labeling products for others where GFCO can further monetize its new high-speed packaging system.
AveragePenny
2 years ago
$GFCOF The Good Flour Corp. Receives 500 Store Order from Leading Global Retailer
https://www.newswire.ca/news-releases/the-good-flour-corp-receives-500-store-order-from-leading-global-retailer-894567167.html
VANCOUVER, BC, Jan. 19, 2023 /CNW/ - The Good Flour Corp. (CSE: GFCO) (OTCQB: GFCOF) (FSE: 3KZ) ("GFCO") is pleased to announce a substantial expansion to GFCO's retail footprint with an initial order from one of North America's and the world's largest retailers, with nearly 4,700 locations (the "Customer"). The Customer was ranked in the top 100 of 2022 Fortune 500 company listings. The Good Flour Corp. has moved forward with an initial order that will place GFCO products in approximately 500 of the Customer's stores throughout Canada.
The initial order is for GFCO's gluten- and allergen-free fried chicken batter, fish & chip batter, pizza & pasta mix, pancake and waffle blend, and cake mix. GFCO hopes to add additional skus in the future as the relationship with the Customer develops.
"On the heels of a strong 2022, we are continuing the momentum in 2023 with a new revenue channel that will add 500 more points of sale for GFCO products from the outset, amid an ecosystem approaching nearly 4,700 stores worldwide," said Matthew Clayton, Chief Executive Officer at The Good Flour Corp. "We are committed to relentlessly executing on our goal to be a household name in the gluten-free and healthier food category and this is a significant milestone in that pursuit. With the pandemic moving further into the rear-view mirror, we see many large brick-and-mortar retailers switching into expansion mode again as shoppers once again enjoy the in-store experience, so this is an ideal time for us to keep our foot on the accelerator in both product development and distribution."
AveragePenny
2 years ago
$GFCOF The Good Flour Corp. Announces Development of New Gluten-Free Protein Pancake & Waffle Mix
https://www.otcmarkets.com/stock/GFCOF/news?id=386195
VANCOUVER, BC, Jan. 12, 2023 /CNW/ - The Good Flour Corp. (CSE: GFCO) (OTCQB: GFCOF) (FSE: 3KZ) ("GFCO") is pleased to announce that it is developing a GF Protein Pancake & Waffle Mix, a complete superfood and rich source of protein and healthy carbohydrates that is free of gluten and all top allergens, including dairy, nuts, egg, soy, corn, and more. The new product under development will be GFCO's first sku within the sports health wellness sector and ideal for GFCO's direct-to-consumer sales, diverse retail stores, and restaurant clients looking to offer their patrons healthier options throughout the U.S. and Canada.
The GFCO team researched extensively, working with its proprietary GF (gluten-free) pancake & waffle blend to determine the best protein to add to meet demand for high-protein alternatives to premade white flour-based mixes. Ultimately, a potato protein was selected, positioning GFCO as one of the first to bring to market a pancake and waffle mix including the protein. Potato protein contains amino acids believed to help maintain muscle mass and support a body's metabolism.
GF Protein Pancake & Waffle Mix delivers 27 grams of protein and 6 grams of dietary fiber per 100-gram serving.
"Thanks in part to awareness from influencers like Dwayne "The Rock" Johnson speaking regularly about their affinity for them, protein pancakes are a popular choice for people leading healthy lifestyles today," commented Matthew Clayton, Chief Executive Officer of GFCO. "Going with potato protein we believe will win over customers amid an accelerating trend towards plant-based diets for physical health and environmental sustainability reasons. Our chefs did a spectacular job developing a blend with all the premium qualities expected from our brand, which we suspect will lead to rapid market uptake and customer loyalty as we continue to expand our North American footprint. GFCO is in the final stages of development of this product and expects to announce soon that it will be available for purchase."
AveragePenny
2 years ago
$GFCOF Sprouts Farmers Market Completes Third Order for Good Flour Co. Products
https://www.newsfilecorp.com/release/150784
Vancouver, British Columbia--(Newsfile Corp. - January 10, 2023) - The Good Flour Corp. (CSE: GFCO) (OTCQB: GFCOF) (FSE: 3KZ) ("GFCO") is pleased to announce that U.S. based Sprouts Farmers Market has made its third order for GFCO's Artisan Fried Chicken Mix and Artisan Fish Batter. On December 9, GFCO started with three hundred and eighty locations across the United States, with its leading allergen and gluten free fried chicken mix and fish batter blend. With this order, GFCO has shipped out and supplied 24,000 units of product to Sprouts.
The product has been available at the specialty meat and fish counter, and GFCO is very pleased with the initial response that it is getting from Spouts shoppers. Sprouts is one of the largest and fastest growing specialty retailers of fresh, natural and organic food in the United States, with nearly 380 stores in 23 states.
"We are very pleased with the early stage results we are seeing at Sprouts across the United States. We have only just started our digital marketing efforts, and we expect greater sell-through at the store level as these programs and customer incentives start to take form. Our goal is to increase our footprint in Sprout stores, and eventually start to add other skus such as our all-purpose flour, pancake and waffle mix, and our pizza and pasta blend," states Matthew Clayton, CEO of GFCO.
QuicKtip
2 years ago
$GFCOF Major Business Highlights
November 2021: After ten years of NextJen Gluten Free led by founders Chef Jen Peters and Chef Hamid Salimian, the Company completed a full rebrand as "The Good Flour Co."
November 2021: GFCO acquires new dry goods manufacturing facility in Burnaby, British Columbia, and begins plant construction to expand capacity of Gluten Free Dry Goods.
November 2021: GFCO orders a high-speed automated bagging line from Paxiom Group Inc. in Montreal, Quebec and continues plant refit in Burnaby, British Columbia.
December 2021: GFCO lists on the OTCQB Venture Market.
February 2022: GFCO completes redesign of all corporate material, including new Direct-to-Consumer (DTC) and investor websites on Shopify platform.
April 2022: GFCO partners with North Carolina-based Ardent Mills, one of the largest milling groups in North America, for bulk manufacturing of its gluten-free (GF) dry goods to meet demand in the gluten-free Food Service sector. Ardent Mills has the production capacity for GFCO's dry mixes in volumes up to 40,000 pounds per day.
May 2022: GFCO continues to supply existing Food Service customers through Gordon Food Service and Sysco with major brands such as Earls, Virtuos Pie, Four Seasons Hotels, Fairmont Hotel, Panago Pizza, and Michelin Restaurants, such as 11 Madison in New York City.
July 2022: GFCO receives automated line in Burnaby. Company validates technology and begins high speed bagging of its retail product for Canada and the United States. Automation allows for production up to 300 bags per hour and 400-600 cases per shift.
September 2022: GFCO goes nationwide in Canada as the exclusive provider of gluten-free pizza shells to over 195 Panago locations, deepening its penetration of the pizza market.
September 2022: GFCO adds significant depth to its distribution with the addition of Detroit, Michigan-based Harvest Sherwood Distribution, a leading independent distributor servicing over 6,000 customers in retail, foodservice, distribution and manufacturing via a network of distribution centers.
September 2022: GFCO makes significant advance in U.S. with national order from Farmers Markets to supply Fried Chicken Mix and Fish Batter for its 380 locations.
October 2022: GFCO partners with KeHe Distribution for additional U.S. distribution. KeHe supplies natural and organic products to more than 30,000 stores, chains, and independent grocery stores.
November 2022: GFCO products hit the shelves in 380 Sprouts Farmers Markets stores and are featured in specialty meat and fish section across the country.
QuicKtip
2 years ago
$GFCOF Financial Highlights
Total revenues for the financial year ended June 30, 2022, net of marketing fees charged by distributors, of $481,407. The fiscal year end occurred within 8 months of the initial listing on the CSE and significant additional contracts added subsequent to June 30, 2022 including Panago Pizza and Sprouts Farmers Markets detailed further below.
Total revenue in Q1 Fiscal 2022 ended September 30, 2022, net of marketing fees charged by distributors, of $285,764, a quarter-over-quarter increase of 57% from $182,027 during Q4 fiscal 2022.
Completion of a $4,815,000 funding round in November 2021 to bolster its balance sheet. The capital was instrumental to the major business highlights below. On December 9, 2022, a second round of funding was closed, raising $1.925 million for our ongoing expansion efforts throughout North America.
The Company had no loans liability as of September 30, 2022.
AveragePenny
2 years ago
$GFCOF The Good Flour Corp. Caps First Year as a Public Company with Significant Revenue Growth and Major Retail and Food Service Partnerships
https://www.newsfilecorp.com/release/148881
Vancouver, British Columbia--(Newsfile Corp. - December 21, 2022) - The Good Flour Corp. (CSE: GFCO) (OTCQB: GFCOF) (FSE: 3KZ) ("GFCO" or the "Company") is pleased to announce an updated on its accomplishments over the last twelve months since the Company completed its initial listing on the Canadian Securities Exchange ("CSE"). All dollar amounts reported in Canadian dollars.
Financial Highlights
Total revenues for the financial year ended June 30, 2022, net of marketing fees charged by distributors, of $481,407. The fiscal year end occurred within 8 months of the initial listing on the CSE and significant additional contracts added subsequent to June 30, 2022 including Panago Pizza and Sprouts Farmers Markets detailed further below.
Total revenue in Q1 Fiscal 2022 ended September 30, 2022, net of marketing fees charged by distributors, of $285,764, a quarter-over-quarter increase of 57% from $182,027 during Q4 fiscal 2022.
Completion of a $4,815,000 funding round in November 2021 to bolster its balance sheet. The capital was instrumental to the major business highlights below. On December 9, 2022, a second round of funding was closed, raising $1.925 million for our ongoing expansion efforts throughout North America.
The Company had no loans liability as of September 30, 2022.
Major Business Highlights
November 2021: After ten years of NextJen Gluten Free led by founders Chef Jen Peters and Chef Hamid Salimian, the Company completed a full rebrand as "The Good Flour Co."
November 2021: GFCO acquires new dry goods manufacturing facility in Burnaby, British Columbia, and begins plant construction to expand capacity of Gluten Free Dry Goods.
November 2021: GFCO orders a high-speed automated bagging line from Paxiom Group Inc. in Montreal, Quebec and continues plant refit in Burnaby, British Columbia.
December 2021: GFCO lists on the OTCQB Venture Market.
February 2022: GFCO completes redesign of all corporate material, including new Direct-to-Consumer (DTC) and investor websites on Shopify platform.
April 2022: GFCO partners with North Carolina-based Ardent Mills, one of the largest milling groups in North America, for bulk manufacturing of its gluten-free (GF) dry goods to meet demand in the gluten-free Food Service sector. Ardent Mills has the production capacity for GFCO's dry mixes in volumes up to 40,000 pounds per day.
May 2022: GFCO continues to supply existing Food Service customers through Gordon Food Service and Sysco with major brands such as Earls, Virtuos Pie, Four Seasons Hotels, Fairmont Hotel, Panago Pizza, and Michelin Restaurants, such as 11 Madison in New York City.
July 2022: GFCO receives automated line in Burnaby. Company validates technology and begins high speed bagging of its retail product for Canada and the United States. Automation allows for production up to 300 bags per hour and 400-600 cases per shift.
September 2022: GFCO goes nationwide in Canada as the exclusive provider of gluten-free pizza shells to over 195 Panago locations, deepening its penetration of the pizza market.
September 2022: GFCO adds significant depth to its distribution with the addition of Detroit, Michigan-based Harvest Sherwood Distribution, a leading independent distributor servicing over 6,000 customers in retail, foodservice, distribution and manufacturing via a network of distribution centers.
September 2022: GFCO makes significant advance in U.S. with national order from Farmers Markets to supply Fried Chicken Mix and Fish Batter for its 380 locations.
October 2022: GFCO partners with KeHe Distribution for additional U.S. distribution. KeHe supplies natural and organic products to more than 30,000 stores, chains, and independent grocery stores.
November 2022: GFCO products hit the shelves in 380 Sprouts Farmers Markets stores and are featured in specialty meat and fish section across the country.
Management Commentary
Matthew Clayton, CEO of GFCO commented: "I am incredibly proud of our team and the bevy of corporate-wide achievements over the last year. What is particularly impressive is the fact that we met these milestones in what was arguably one of the most challenging global supply chain conditions that we've ever seen, which I interpret as a testament to the quality of our team, partners, and portfolio of products. The Company has excelled in every area of its core business, including, manufacturing expansion, R&D and product diversification, marketing and branding, food service sales, and the expansion of retail shelves across North America. With our footprint widening in Canada and the U.S., cash in the coffers, and automated production facility fully operational, I anticipate our growth trends to continue and greatly look forward to a successful 2023."
Debt Settlement
The Company also announces that it has settled $10,000 in outstanding debt through the issuance of 21,276 class "A" common shares. The shares are subject to a four month hold period expiring on April 22, 2023.
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