ANNOUNCES PARTNERSHIP WITH CONGLOMERATE SUPERMARKET CHAIN ​​SUNGIVEN FOODS

By on July 27, 2022 0

VANCOUVER, BC, July 27, 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 its brand partnership between Snacks from the Sun (“SFTS”), a vegan, gluten-free snacks company, and Sungiven Foods, a global leader in the wholesale of food products and one of the best -Large quality Asian conglomerate supermarket chain with more than 200 stores and more than 3,000 employees worldwide. The partnership will consist of a co-branded line of Snacks from the Sun products, which will specifically target Sungiven Foods’ valued wholesale and retail customers. SFTS will manage all aspects of the product supply chain and production, with Sungiven handling distribution to their sites and sales.

After launching into the North American market after enjoying huge success in China, the company launched more than 200 sites in a short time. Sungiven Foods focuses on “more natural, less processed and less additive” products, while advocating local, organic and healthy foods. Sungiven Foods offers a full line of healthy foods, with thousands of affordable, globally sourced private label products, including fresh fruits from around the world and organic vegetables from Canada and central America. The Company’s expansion is based on its ability to leverage its global supply chain resources to further develop wholesale channels and global import and export business, while actively developing the platform. form of e-commerce. Sungiven owns various white label brands, which it promotes through its global wholesale channels.

SFTS has also expanded its production capabilities to ensure volumes and quotas can be met, moving forward with its own global expansion goals. “We are proud to announce our partnership with Sungiven Foods, securing another stable and reliable customer for the Snacks from the Sun brand. This outlet allows us to reach a new range of consumers in Asian markets and expand further the brand’s reach globally,” says Cassidy McCorddirector of modern plant-based foods.

The co-branded items will consist of SFTS Sea Salt and Sour Cream & Chive Flavored Stir Fried Potato Chips in a 6oz bag. The packaging design was adapted to best suit Sungiven’s customer base, as the stores focus much of their marketing efforts and promotions on their house brands. The partnership will consist of launching in Canadian locations and will then be targeted for export to China to supply the rest of the Sungiven supermarkets.

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 GMO. 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 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 business 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 statements of events will occur within the time periods disclosed or 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.

For further information: Cassidy McCord, Chief Corporate Officer, [email protected]604-395-0974