VANCOUVER, BC, Jan. 26, 2024 /CNW/ – Modern Plant-Based Foods Inc., (CSE: MEAT) (“Modern Foods”) or (the “Company”), a frontrunner within the plant-based meals trade, is worked up to announce that it has obtained curiosity from a diversified multinational leisure and media conglomerate (the “Customer”) which generated complete income of practically 32.6 billion U.S. {dollars} with its parks, and experiences. The firm’s largest income supply was its leisure phase, which generated revenues of over 40 billion U.S. {dollars} in 2023. The complete property of the Company amounted to greater than 205 billion U.S. {dollars} in 2023. This new dialogue opens up world attain via the varied shops inside the Customer’s administration and asset portfolio as the 2 events undergo the testing, overview and negotiation course of.

This partnership would combine Modern Plant-Based Foods’ Vegan Kaviar into choose eating shops throughout the properties. In 2018, the Customer’s theme parks hosted over 157.3 million company, rating because the world’s most visited theme park firm worldwide. The resort occupies 27,258 acres total, with 4 theme parks, two water parks, 21 resort resorts, eight golf programs, and extra leisure actions. The Customer has ongoing efforts to diversify its meals and beverage choices with extra plant-based choices, catering to a broad spectrum of dietary preferences. Modern will proceed to regulate its gross sales projections and forecasts as discussions proceed aiming to maximise the product launch availability throughout varied venues inside the possession group.

After current launch of its Vegan Kaviar line, together with Salmon, Wasabi, and Original flavours, Modern brings its sustainable and moral meals choices to a wider viewers via this potential collaboration. “We attribute this is a major opportunity to launch our new innovation into a massive large-scale entertainment outlet to our strategic launch plan,” says Avtar Dhaliwal, CEO of Modern Plant-Based Foods. “This initial interest shows real demand and appeal for affordable luxury plant-based innovation in world-class venues.” The Company will proceed to discover varied gross sales channels for the vegan kaviar line globally as demand will increase for the reasonably priced luxurious vegan seafood providing.

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The world vegan caviar market is predicted to develop at a CAGR of seven.9% over the subsequent decade, reaching a valuation of over $632 million by 2032. The demand for vegan caviar pushed by growing environmental considerations for the oceans. Conventional caviar is unfertilized fish eggs, also referred to as fish roe, historically from endangered wild sturgeon. The fish is caught alive earlier than her ovarian sacks are extracted. ¹ Vegan firms are creating cruelty-free and options for caviar all over the world alongside Modern Plant-Based Foods which are extra reasonably priced, sustainable and accessible. The plant-based kaviar product is out there in handy 50g and 125g tins along with customized massive format choices for industrial use.

The plant-based caviar merchandise supply an elevated eating expertise for a wide range of styled dishes for a fraction of the price of conventional caviar. The Company will proceed to progress ahead present discussions with large-scale occasion and leisure venues in addition to conventional restaurant chains to safe provide agreements.

About Modern Plant-Based Foods

Modern Plant-Based Foods is a Canadian meals firm primarily based in Vancouver, British Columbia that provides a portfolio of plant-based merchandise together with meat and dairy-free options, soups, and vegan snacks. We take a holistic method to plant-based dwelling and perceive the significance of offering nutritious and sustainable options to shoppers with out sacrificing style. We need folks to be ok with the meals they eat which is why we’re deliberate in selecting substances freed from soy, gluten, nuts, and GMOs. Our mission is to alter the way in which meals is produced and consumed for the good thing about folks, animals, and the setting by utilizing pure plant-based substances.

Cautionary Statement Regarding Forward-Looking Information
This information launch consists of sure “forward-looking statements” and “forward-looking information” beneath relevant Canadian securities laws that aren’t historic details. Forward- wanting statements contain dangers, uncertainties, and different elements that would trigger precise outcomes, efficiency, prospects, and alternatives to vary materially from these expressed or implied by such forward-looking statements. Forward-looking statements on this information launch embrace, however should not restricted to, statements with respect to: the Company and the Company’s enterprise and prospects; the Company’s aims, objectives or future plans; the Company’s gross sales progress, deliberate enlargement, consciousness of the Company’s manufacturers, future gross sales and income progress, and the enterprise, operations, administration and capitalization of the Company. Forward-looking statements are essentially primarily based on quite a lot of estimates and assumptions that, whereas thought of cheap, are topic to recognized and unknown dangers, uncertainties and different elements which can trigger precise outcomes and future occasions to vary materially from these expressed or implied by such forward-looking statements. Such elements embrace, however should not restricted to: basic enterprise, financial and social uncertainties; native and world market and financial uncertainties arising in respect of the COVID-19 pandemic; litigation, availability of key product substances, legislative, environmental and different judicial, regulatory, political and aggressive developments; the flexibility to successfully increase manufacturing and manufacturing capability; the flexibility to acquire retail companions to distribute Company merchandise, the success of market initiatives and the flexibility to develop model consciousness; the flexibility to draw, keep and increase relationships with key strategic restaurant and meals service companions; our means to foretell shopper style preferences; delay or failure to obtain regulatory approvals; the sufficiency of our money to fulfill liquidity wants; these extra dangers set out within the Company’s public paperwork filed on SEDAR at www.sedar.com; and different issues mentioned on this information launch. Accordingly, the forward-looking statements mentioned on this launch might not happen and will differ materially on account of these recognized and unknown danger elements and uncertainties affecting the Company. Although the Company believes that the assumptions and elements utilized in making ready the forward-looking statements are cheap, undue reliance shouldn’t be positioned on these statements, which solely apply as of the date of this information launch, and no assurance will be on condition that such occasions will happen within the disclosed time frames or in any respect. Except the place required by legislation, the Company disclaims any intention or obligation to replace or revise any forward-looking assertion, whether or not on account of new data, future occasions, or in any other case.

SOURCE Modern Plant Based Foods Inc.

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