12:15:59 EDT Wed 15 May 2024
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Planet Based Foods Global Inc
Symbol PBF
Shares Issued 51,235,693
Close 2023-05-15 C$ 0.08
Market Cap C$ 4,098,855
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Planet Based to expand product line at New Seasons

2023-05-16 12:26 ET - News Release

Mr. Braelyn David reports

PLANET BASED FOODS EXPANDS PRODUCT LINE FOR OREGON-BASED GROCERY CHAIN

Planet Based Foods Global Inc. will be expanding its product line for the Oregon-based grocery store chain New Seasons Market to include Planet Based Food's original with cheese taquitos and Southwest-style taquitos across its in-store locations in July, 2023.

This announcement is in conjunction with a previous news release (dated Aug. 9, 2022) when the company announced it would be partnering with New Seasons Market to offer Planet Based Foods' original hemp burger and green chili Southwest burger in the frozen aisle across New Seasons Market store locations.

"Our commitment to creating sustainable and nutritious options that are both delicious and promote health and wellness is a driving force behind our brand," said Braelyn Davis, chief executive officer and co-founder of Planet Based Foods. "Teaming up with New Seasons Market is a natural fit as they share our values and dedication to providing customers with responsibly sourced, high-quality products. We aim to continue working together to bring more hemp-based options to the market and positively impact our planet. The growth of our product lines through our existing partnerships is a testament to our customers enjoying our products and eagerly anticipating more. We are thrilled to be expanding our range of SKUs in the near future."

New Seasons Market is a privately owned chain of grocery stores that serve the Portland, Ore., metro area, southwestern Washington and northern California. The store offers a variety of products, including organic and locally sourced goods from the Pacific Northwest, as well as conventional groceries. The company was founded locally in 1999 and later acquired by Endeavour Capital, a private equity firm, in 2013. In the same year, New Seasons Market purchased New Leaf Community Markets based in California. Good Food Holdings, a South Korean retail conglomerate E-mart subsidiary, acquired New Seasons Market in 2019.

Presently, the grocery chain operates 19 stores in the greater Portland/Vancouver metropolitan area, including Hillsboro, Beaverton, Happy Valley, Vancouver, Tualatin and Lake Oswego.

About Planet Based Foods Global Inc.

Planet Based Foods Global, through its wholly owned subsidiary in San Diego, Calif., Planet Based Foods, is a producer of sustainable plant-based meat substitutes. Planet Based Foods was founded in 2018 in San Diego, Calif., with a mission to build a better food system by providing hemp-formulated superfood products to people today that support the planet tomorrow. All Planet Based Foods products are 100 per cent vegan. Planet Based Foods creates clean, non-GMO (genetically modified organism), nutrient-dense food built for the future: the first line of plant-based meats with sustainable hemp as the No. 1 ingredient. Founded by former nutrition coach and cannabis marketer Mr. Davis, food scientist and plant-based pioneer Robert Davis, and restaurant industry veteran Ted Cash, the company aims to establish hemp as a nutrient-dense protein source to feed the world sustainably for generations to come. Planet Based Foods' suite of products includes its new consumer line of nutritious frozen foods, plant-based meat ingredients and hand-held comfort foods for food service and restaurants.

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