Mr. Gabriel Kabazo reports

PLANTIFY FOODS ANNOUNCES NEW WHITE LABEL PARTNERS IN EUROPE AND THE U.S.

Plantify Foods Inc. has new white label partnerships with Label Delice in France, and Pikante USA in the United States.

"Our initial shipments arrived in early January and are now available on shelf under Pikante's brand Picnic in the U.S., and Label Delice's brand Kerets in France," said Suzette Ramcharan, chief executive officer of Plantify Foods.

"We are pleased to partner with companies such as Label Delice and Pikante, who are seeking quality, whole natural ingredients, no chemical preservatives, and in need of meeting cultural and religious standards such as kosher and halal products. We look forward to fostering these new partnerships which allows us to increase our presence in these two new markets."

Clean label food products support quality brands

Plantify Foods produced a range of dips, spreads and salads (including, but not limited to, hummus, caponata, Moroccan matbucha and fresh green herb tahini), for Pikante's brand Picnic, an established and respected brand for dips, spreads and salads in the U.S. The company delivered a variety of soups (including, tomato, corn, sweet potato, green lentil and red bean), for Label Delice in France, just in time to meet the increase in seasonal demand within the region.

These new white label partnerships support the company's focus on solidifying new sales channels in growth markets like Europe and the United States. The company's commitment to producing clean label foods allows it to engage in quality, white label partnerships, while ensuring it provides its partners with wholesome, transparent and delicious food options. At Plantify Foods, the company understands the growing demand for clean label products, and its entire product line meets the demands of this evolving consumer preference. With a focus on simplicity, transparency and quality, the company's products stand as a testament of its dedication to both taste and nutritional excellence. With four distinct product categories and a total of 38 different products (see press release dated Nov. 30, 2023), this established product line can meet consumer demand for convenient, healthy and great tasting clean label foods that also happen to be plant-based. In addition, consumers can feel confident in the quality and diet-forward thinking of these products that are also proudly free from most common allergens.

Sales channels and growth in new markets

The current sales landscape includes branded products, white label and professional food service within the company's local market, as well as white label and professional food service sales to Europe and initial sales into the U.S. Plantify Foods will seek to increase its sales efforts in new markets such as the U.S. and Europe, which will allow the company to take full advantage of its production capabilities, which will positively impact its cost profile.

About Pikante USA

Founded in 2001, Pikante has grown steadily in its product line and the brand itself, and the current offering includes traditional Mediterranean and European style salads, salsas, baked pastries and cookies. Known for their excellent taste, all of Pikante's products are inspired by a blend of traditional and old home-style recipes and are made with fresh, kosher ingredients.

About Label Delice

Founded in 2008, Label Delice is a wholesale distributor of kosher, organic, gluten-free food products, and is focused on health, well-being and taste.

About Plantify Foods Inc.

Plantify Foods is committed to providing consumers with nutritious, clean label food options while pioneering innovation in the food and beverage industry. The company has a simple mission: to ensure that everyone has access to high-quality food alternatives that are clean and healthy, are nutritious and tasty, use whole natural ingredients, and are easy to prepare.

Plantify Foods, through its wholly owned Israeli subsidiary, currently sells its diverse range of products in Israel, and is actively expanding its footprint across Europe and North America. With its new manufacturing facility, the company can increase production and continue to create new clean label food products to meet the growing demand of health-conscious consumers from all walks of life.

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