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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

Subject: for immediate release Word Document File: '\\swfile\EmailIn\20230704 060419 Attachment PR - potential sale - Komo (1).docx' NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES KOMO PLANT BASED FOODS INC. EVALUATES STRATEGIC SALE OF PLANT-BASED SUBSIDIARY Vancouver, B.C. - July 4, 2023: Komo Plant Based Foods Inc. (CSE: YUM) (OTC Pink: KOMOF) (FRA:9HB) (the "Company"), a premium plant-based food company, announces that it is moving forward with the evaluation of the potential sale of its wholly-owned operating subsidiary, Komo Plant-Based Comfort Foods Inc. ("Komo"). 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 online 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 chickenless pot pie. Its products, 100% 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 their 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 ("Komo") 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 people to the planet. Komo's products are sold direct-to-consumer through the company's e-commerce website, and a distribution network of online and brick-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 percent 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. Learn more at: www.komocomfortfoods.com and follow on Instagram: @komocomfortfoods For further information, please contact: William White, President & CEO, Komo Plant Based Foods Inc. will@komoeats.com +1 (236) 8000-YUM / (236) 800-0986 The Canadian Securities Exchange has not reviewed, approved or disapproved the contents of this news release. Cautionary Statement Regarding Forward-Looking Statements Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or the Company's future performance. The use of any of the words and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company management's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, the Company's ability to attract a buyer for its operating subsidiary, projected revenues, its projected expenses, its ability to raise capital, and its expectation as to the continued increase in the number of retailers and consumers of its products constitute forward- looking information. Actual results and developments may differ materially from those contemplated by forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information. The statements made in this press release are made as of the date hereof. The Company disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events, or otherwise, except as may be expressly required by applicable securities laws. The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.