Modern Plant Based Foods announces product launch with the world's largest food wholesaler

03-Mar-2021 - USA

Modern Plant Based Foods Inc, an award-winning manufacturer of plant-based foods, announced today that Modern Plant Based Foods products will now be distributed through the world's largest grocer. The new agreement includes the listing of Modern Plant Based Foods products in its Canadian distribution network and the introduction of listed products into foodservice establishments.

The New York Stock Exchange-listed company operates in 90 countries, has more than 600,000 customers, 57,000 employees and $52.9 billion in sales, making it the largest grocer in the world.

"We are delighted to secure distribution through this global giant, one of the most respected grocers in the industry.

This is another important step in the expansion of our brand and we expect to take our company and its subsidiaries to the next level of development. We expect to expand our production capabilities across the board to keep pace with future business growth," said Tara Haddad, founder and CEO of Modern Plant Based Foods.

"We are excited about this distributor and their track record of helping brands increase their reach and market penetration. This is a tremendous opportunity for great expansion, not only in Canada, but also across their vast U.S. distribution network. Consumer priorities are shifting and restaurants and retailers are realizing that they need to provide healthy alternatives and unique offerings to their customers. They understand the need to stay on the cutting edge and offer trendy, quality products like Modern Plant Based Foods," said Chris Parkinson, Brand & Relationship Manager at Modern Plant Based Foods.

Under the new distribution agreement, Modern Plant Based Foods products are now available for purchase through the distributor.

Further to the February 25, 2021 news release, Meat Inc. has received approval from the Canadian Securities Exchange (CSE) to change its name to Modern Plant Based Foods Inc. The Company's CSE ticker symbol MEAT will remain unchanged.

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