Komo Plant Based Foods Significantly Expands Capacity with Launch of Increased Production Through Co-Manufacturing Agreement
28 September 2021 - 10:09PM
InvestorsHub NewsWire
Komo Plant
Based Foods Significantly Expands Capacity with Launch
of
Increased
Production Through Co-Manufacturing Agreement
Vancouver, B.C.
- September 28, 2021 -- InvestorsHub NewsWire -- Komo Plant
Based Foods Inc. (CSE: YUM)
(OTCQB:
KOMOF)
(FRA:9HB) ("Komo" ), a premium frozen plant-based food
company, announces that it has signed an agreement with an
established food manufacturer in Metro Vancouver to produce two
lines of its plant-based products. Production at this
co-manufacturing facility commences today.
After months of due diligence of
various potential co-manufacturing partners, Komo, on Sept 23, 2021
entered into a co-manufacturing agreement with a company whose
facility is in Metro Vancouver. Pursuant to the agreement, Komo can
immediately increase manufacturing for six of its products
currently on the market. Komo has been preparing for expansion with
this chosen co-manufacturer with the order of specialized equipment
to produce Komo products, which arrived last week, allowing
production to now begin.
"The demand for our products has
been increasing since we launched earlier this year, and for months
we have been straining to meet the demand from repeat retail orders
and from our direct-to-consumer business," says Jeffrey Ma, President and CEO of Komo
operating subsidiary, Komo Plant Based Comfort Foods
Inc. "Commencing production at this
new facility allows us to significantly increase our production
output, and also frees up Komo's current facility for focused
research and development.
We are
continuously refining our recipes to improve flavor, nutrient
profile, and texture and we are exploring options for different
dietary preferences, including gluten-free."
Komo launched in March 2021 with
three product SKUs which were expanded to seven SKUs by June
2021. In July 2021 it moved to a larger commercial
kitchen to scale up production to meet demand and today Komo is
commencing production at the co-manufacturing
facility. Komo estimates that the production capacity
of the new co-manufacturing facility will allow it to manufacture
an additional 10,000 units per month. This week Komo will begin
producing, through the new co-manufacturer, its ready-to-bake
classics Lasagna and Shepherd's Pie, and Komo's plant-based Meal
Helpers, in multiple sizes.
In addition to
building distribution channels and increasing sales, Komo's goals
are to achieve better cost
efficiencies with larger scale production and to negotiate better
pricing of raw materials and packaging at scale.
"Food safety is key for any food
brand and at Komo consumers can feel good and feel safe when
enjoying Komo's products. We selected a co-manufacturing partner who
meets our high standards of food quality and safety and who is well
suited for our aggressive growth plan," says Mr. Ma. "We spent
months reviewing facilities to find one that we believe is well
suited to match our growth and local enough for us to carefully
monitor the quality of our products. We have a tremendous amount of work ahead of
us over the coming months as we ramp up for expansion throughout
Canada and the United States. We are excited about this new relationship
that will allow us to pursue our mission to help make plant-based
meals a staple on every dinner table by sharing our love for
feel-good food that connects people to the planet."
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 Chick'n 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, and its
expectation as to the acceptance of its products by 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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