Komo
Plant Based Foods Sees 67% Sales Increase In October
Vancouver,
B.C. -November 4, 2021 -- InvestorsHub NewsWire -- Komo Plant
Based Foods Inc. (CSE: YUM)
(OTCQB:
KOMOF)
(FRA:9HB) ("Komo"), a premium plant-based food company, today
announces record plant-based food sales in October 2021 of more
than $45,000, a 67 percent increase over the previous
month.
Komo launched its plant-based
comfort food products locally earlier this year, and in October it
was successful in significantly expanding production to meet demand from distributors
and retailers One of the recently signed distributors is
TransCold Distribution Ltd., a Unilever Master
Distributor, which delivers frozen products to over 10,000
distribution points in Canada and the United
States. This week Komo has begun its expansion to
other provinces and Komo expects to double its retail distribution
network to over 100 points within the next few months.
Komo also sells
direct-to-consumer through its own eCommerce platform, and it has
received over 130 five star reviews from verified
purchasers through the Yotpo app, which enables automatic review
generation.
"We were able to achieve
significant revenue in October, within 7 months of launch as a new brand and
with only 30 distribution points. We have already grown this month
to 50 retail locations with the addition of the Nesters Market
chain," says Komo CEO Wiliam White. "We have proven that we are
able to achieve rapid growth locally and we look forward to
continuing this trend now that we have production and distribution
in place to expand across Canada and into the United
States.""
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 Chickenless 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 launch its products on food
delivery apps, its ability to retain key personnel, its revenues,
and its expectation as to the acceptance of its products by
retailer stores and 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.
