23:49:29 EDT Fri 03 May 2024
Enter Symbol
or Name
USA
CA



Komo Plant Based Foods Inc (2)
Symbol YUM
Shares Issued 11,662,799
Close 2023-06-28 C$ 0.10
Market Cap C$ 1,166,280
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Komo looks to sell Komo Plant-Based subsidiary

2023-07-04 09:14 ET - News Release

Mr. William White reports

KOMO PLANT BASED FOODS INC. EVALUATES STRATEGIC SALE OF PLANT-BASED SUBSIDIARY

Komo Plant Based Foods Inc. is moving forward with the evaluation of the potential sale of its wholly owned operating subsidiary, Komo Plant-Based Comfort Foods Inc. In order to deliver value to its shareholders, the company is also reviewing opportunities for potential acquisitions in other sectors.

The potential sale offers the opportunity for a purchaser to take over an operation that boasts an extensive distribution network of over 1,600 retail locations, which spans on-line and brick-and-mortar grocery stores, convenience outlets, and natural retailer channels across Canada. Komo launched in 2021, featuring flagship products like plant-based lasagna, shepherd's pie and chicken-less pot pie. Its products, 100-per-cent plant-based and free from preservatives, are frozen for freshness, offering an 18-month shelf life.

Komo is driven by a noble mission: to connect people to the planet through feel-good foods. Komo's goal is to make plant-based meals a staple at every dinner table. Komo's innovation and development team mastered the art of creating plant-based versions of traditionally cheesy and meaty classics. All its products are made with wholesome ingredients, and frozen to ensure quality and freshness without the use of preservatives.

The strategic proposition offers a remarkable opportunity for established enterprises aiming to complement their portfolios with a rapidly expanding brand with multiple product awards in the plant-based sector. With a loyal customer base and a unique range of products, Komo Plant-Based Comfort Foods represents a valuable potential asset for companies seeking to enhance their presence and leadership in the market. This acquisition could help bolster existing product lines with a trusted brand that is resonating with consumers and driving trends in plant-based eating. Interested organizations that align with this vision and wish to discuss this potential acquisition are encouraged to get in touch with the company.

About Komo Plant Based Foods Inc.

The company's operating subsidiary is a premium plant-based food company that develops, manufactures and sells a variety of plant-based frozen meals that are always hearty, satisfying and made with wholesome ingredients. At Komo, the company's mission is to help make plant-based meals a staple on every dinner table by sharing the company's love for feel-good food that connects the people to the planet. Komo's products are sold direct to consumer through the company's e-commerce website and a distribution network of on-line and bricks and mortar grocery, convenience and natural retailer channels. Komo's newest product is the award-winning Mac & Greens. All of Komo's products are 100-per-cent plant-based, made with wholesome ingredients, free from preservatives and frozen for freshness. Freezing products is a natural and effective way of keeping food products for longer without having to use any preservatives. Komo's meals have an 18-month frozen shelf life.

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