NextGen Acquires Commissary Kitchen Facility
18 December 2023 - 7:30PM
NextGen Food Robotics Corp. (the “
Company” or
“
NextGen”) (NEO: NGRB; OTC Pink: NGRBF; Frankfurt:
O83) is pleased to announce that it has acquired an established,
10,000 sq. ft. commissary facility located in central Vancouver
pursuant to an asset purchase agreement (the
“
Agreement”).
Pursuant to the terms of the Agreement, the
Company has assumed the lease and acquired all of the facility’s
equipment – including an expansive array of high-end equipment and
cold storage – allowing the Company to take over the facility on a
turn-key basis and to commence operations immediately following
closing. The Company paid a cash purchase price of $550,000.
Paul Rivas, CEO of NextGen, commented, “We are
excited with the continued expansion of our commissary division.
Our new facility will provide startups, entrepreneurs, ghost
kitchens and small food manufacturers with an opportunity to build
their brands”.
About NextGen Food
RoboticsNextgen Food Robotics is an automated robotic food
co-packer and manufacturer that uses technology to modernize its
food manufacturing processes. Additionally, Nextgen is developing
the “Lily app”, which is an AI-powered food application.
For investor inquiries or further information,
please contact:
Paul Rivas, Chief Executive Officer
1 (236) 471-1357
info@nextgenai.ca
Cautionary Note on Forward-Looking
Information
This press release contains certain
forward-looking statements within the meaning of applicable
securities laws with respect to the Company. These forward-looking
statements generally are identified by words such as “believe,”
“project,” “expect,” “anticipate,” “estimate,” “intend,”
“strategy,” “future,” “opportunity,” “plan,” “may,” “should,”
“will,” “would,” and similar expressions and in this news release
include statements respecting the ability of the Company to
commence operations immediately following closing. Although the
Company believes that the expectations and assumptions on which
such forward-looking statements and information are based are
reasonable, undue reliance should not be placed on the
forward-looking statements and information because the Company can
give no assurance that they will prove to be correct. Since
forward-looking statements and information address future events
and conditions, by their very nature they involve inherent risks
and uncertainties. Many factors could cause actual future events to
differ materially from the forward-looking statements in this press
release. The forward-looking statements included in this news
release are expressly qualified by this cautionary statement. The
forward-looking statements and information contained in this news
release are made as of the date hereof and the Company undertakes
no obligation to update publicly or revise any forward-looking
statements or information, whether as a result of new information,
future events or otherwise, unless so required by applicable
laws.
Neither the Neo Exchange nor IIROC accepts
responsibility for the adequacy or accuracy of this press
release.
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