01:36:45 EDT Sat 04 May 2024
Enter Symbol
or Name
USA
CA



Komo Plant Based Foods Inc (2)
Symbol YUM
Shares Issued 11,662,799
Close 2023-10-11 C$ 0.025
Market Cap C$ 291,570
Recent Sedar Documents

Komo halts product manufacturing over lack of financing

2023-10-11 19:24 ET - News Release

Mr. William White reports

KOMO PLANT BASED FOODS INC. ANNOUNCES HALT IN PRODUCTION

Komo Plant Based Foods Inc. has halted manufacturing of its products. This decision is due to the company's inability to secure the necessary financing to continue operations at the existing scale.

In the midst of these financial challenges, Komo continues to explore options, including the continuing evaluation of a potential sale of its wholly owned operating subsidiary, Komo Plant-Based Comfort Foods Inc. As previously announced in July, the potential sale presents an attractive proposition for enterprises looking to amplify their portfolios in the plant-based sector, leveraging Komo's expansive distribution network, award-winning products and the brand's strong resonance with consumers.

Komo is actively reviewing opportunities in multiple sectors, including potential acquisitions.

About Komo Plant Based Foods Inc.

The company's operating subsidiary has been 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 on-line and bricks and mortar grocery, convenience and natural retailer channels. Komo's newest product is the award-winning mac and 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.

We seek Safe Harbor.

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