Vegan Foods

SNACKS FROM THE SUN ANNOUNCES GLOBAL EXPANSION BEGINNING IN SOUTHEAST ASIA

VANCOUVER, BC, July 1, 2022 /CNW/ – Modern Plant Based Foods Inc., (ESC: MEAT) (“Modern Plant Based Foods”) or (the “Company”), an award-winning plant-based food company is pleased to announce that Snacks from the Sun., (SFTS), a portfolio company of Modern Plant-Based Foods, has rolled out its sun-baked vegan and gluten-free chips in Asia starting with South East Asia after receiving the initial order from a supermarket chain based in The Philippines through Global Brand and Export Development LLC (GSMS LLC). Global Brand and Export Development LLC is a company representing and serving manufacturers, importers, retailers, distributors and consumers, with sales and expertise dedicated to global exports to over 60 countries worldwide. They are partnered with KeHE Distributors LLC in United States; Be distributors of organic products in Chile; International exports for shipment to Middle East and Africa; BTS Group Trade and Se Logistics through the United States and Mexico; Delvi Logistics exports to the best supermarkets in Panama; US International Foods for customs clearance at Asia; Smart Mexico distributors serving the entire country of Mexico; I AM Foods at the service of Caribbean and central America; and Caribbean expedition through Florida and Porto Rico.

Logo (CNW Group/Modern Plant Based Foods Inc.)

GSMS LLC is a sister company of KeHE Distributors, which currently purchases and distributes Sun brand Snacks in United States. KeHE Distributors is one of the nation’s leading pure play wholesale food distributors with 16 distribution centers across North America. With more than 5,500 employees, KeHE represents 8,500 brands and serves more than 30,000 natural food stores, grocery chains and independent grocers, e-commerce retailers and other specialty product retailers around the world. North America.

The supermarket chain that buys Snacks from the Sun products is a leading player in the midscale supermarket segment of South East Asia and is one of the fastest growing supermarket operators. The chain is established in 25 cities and municipalities and is developing through The Philippines and continues to be the banner of a global standard in the local supermarket industry. The supermarket chain believes that Filipinos deserve access to higher quality and healthier foods, such as Snacks from the Sun baked crisps.

Snacks from the Sun has received confirmation of the initial purchase of its Vegan Sour Cream & Chives, Vegan Nacho, Sweet & Tart BBQ, Cracked Pepper & Sea Salt, White Cheddar Puff Pastry vegan and its original sea salt, for stores of South East Asia through GSMS LLC. Purchase orders will be fulfilled from the KeHE warehouses that currently manage and stock Snacks from the Sun inventory at United Statesallowing the company to avoid additional costs and overhead in order to facilitate sales.

“This initial interest from one of the most popular health food chains in the The Philippines proves demand for our product globally and strengthens our relationship with Global Brand and Exports, allowing easier access to global distributors. We see great potential for the products in our portfolio as demand for products that are better for you continues to grow in countries outside of North America.” States Avtar DhaliwalCEO of Modern Plant-Based Foods Inc.

About Modern Plant-Based Foods
Modern Plant Based Foods is a Canadian food company based in Vancouver, British Columbia which offers a portfolio of plant-based products, including meat-free and dairy-free alternatives, soups and vegan snacks. Our products are available at select restaurants and retailers across Canada including our own modern wellness bar located in Vancouver. We take a holistic approach to plant-based living and understand the importance of providing nutritious and sustainable alternatives to consumers without sacrificing taste. We want people to feel good about the food they eat, so we deliberately choose ingredients that are free of soy, gluten, nuts and GMOs. Our mission is to change the way food is produced and consumed to benefit people, animals and the environment by using natural, plant-based ingredients.

Caution Regarding Forward-Looking Information
This press release contains certain “forward-looking statements” and “forward-looking information” under applicable Canadian securities laws that are not historical facts. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this press release include, but are not limited to, statements regarding: the company and the company’s business and prospects; the Company’s future objectives, goals or plans; the Company’s sales growth, planned expansion, awareness of the Company’s brands, future sales and revenue growth, and the Company’s business, operations, management and capitalization. Forward-looking statements are necessarily based on a number of estimates and assumptions which, while believed to be reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results to differ. and future events will differ materially from those expressed or implied by such statements. forward-looking statements. These factors include, but are not limited to: general business, economic and social uncertainties; local and global economic and business uncertainties related to the COVID-19 pandemic; litigation, availability of key product ingredients, legislative, environmental and other legal, regulatory, political and competitive developments; the ability to effectively increase manufacturing and production capacity; the ability to obtain retail partners to distribute the Company’s products, the success of market initiatives and the ability to increase brand awareness; the ability to attract, maintain and expand relationships with key strategic restaurant and foodservice partners; our ability to predict consumer taste preferences; delay or failure to receive regulatory approvals; the sufficiency of our liquidity to meet liquidity needs; such additional risks set forth in the Company’s public filings on SEDAR at www.sedar.com; and other matters discussed in this press release. Accordingly, the forward-looking statements discussed in this release may not occur and may differ materially due to these known and unknown risk factors and uncertainties affecting the Company. Although the Company believes that the assumptions and factors used in the preparation of forward-looking statements are reasonable, undue reliance should not be placed on such statements, which speak only as of the date of this press release, and no no assurance can be given that such events will occur within the time disclosed or not at all. Except as required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

SOURCE Modern Plant Based Foods Inc.

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