Ms. Tara Haddad reports

MODERN MEAT ANNOUNCES SELL OUT FROM FLASH SALE AND ONLINE INITIATIVES

Modern Meat Inc. has sold out of its on-line one-day flash sale that allowed existing customers to order products presale in an effort to introduce its line of plant-based meat alternatives to a broad audience including consumers, shareholders and subsequent vendors. Modern Meat launched the flash sale to its e-commerce store, social media channels and newsletter subscribers.

The product sellout was over and above the company's current retail standing orders and based on remaining production capacity numbers.

"We are extremely pleased by the results of our flash sale and it further supports our belief that there is a gap in the market for nutritious meat alternatives," stated Tara Haddad, chief executive officer of Modern Meat. "For a company that is just over a year old, understandably most of this past year has been focused on market research, R&D and product development. Our retail sales have only started in the month of May and we have already found the demand is exceeding our expectations. We are confident that we will capture market share by striving to be a leader in producing a truly healthy 100-per-cent-plant-based alternative to traditional protein sources that not only tastes fantastic, but is free of soy, gluten, nuts and GMOs."

Increasing production capacity

The company also announced that as a result of growth in accounts and orders across Western Canada, the company will be looking at new innovative ways to fill demand. To meet immediate consumer demand, the company is actively seeking acquisitions, partnerships and joint ventures that will allow the company to increase its on-line marketing and distribution channels to retailers.

"In order to fit the scale of the market we will need to increase our production capabilities in the immediate future. We are exploring many opportunities with great diligence as it is fundamental for the company's prolonged growth," stated Ms. Haddad.

About Modern Meat Inc.

Modern Meat is a Canadian food company based in Vancouver, B.C., that offers a portfolio of plant-based meat products.

We seek Safe Harbor.