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Nabati Foods Global Inc
Symbol MEAL
Shares Issued 45,416,897
Close 2021-10-12 C$ 1.00
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Nabati begins selling plant-based products via Costco

2021-10-12 13:36 ET - News Release

Mr. Ahmad Yehya reports

NABATI FOODS PLANT-BASED PRODUCTS NOW AVAILABLE AT COSTCO.CA

Nabati Foods Global Inc.'s dairy-free cheesecakes, Nabati Cheeze products and plant-based meats are now available on-line at the Costco website nationwide.

"Costco is a recognized leader in the grocery category and is known for its wide assortment of high-quality products," said Ahmad Yehya, chief executive officer of Nabati Foods. "One of the key trends that has taken hold throughout the COVID-19 pandemic is on-line shopping, and this channel will play a major role in the success of Nabati Foods by bringing these products to a wider on-line audience of consumers."

In 2020, Statista reported that Costco was the sixth-most-valuable brand in the world, with a brand value of $35.1-billion (U.S.). There are over 100 Costco locations across Canada and greater than 12 million Costco members, representing roughly one-third of the entire population of Canada.

"This year, we substantially increased our manufacturing capacity, and we are ready to scale to meet the growing demand for our products," said Mr. Yehya. "We are excited to introduce more people to our products and to be working closely with such a respected grocery brand."

About Nabati Foods Global Inc.

Nabati Foods Global is the owner of Nabati Foods Inc., a family-founded food technology company offering whole, natural, plant-based, gluten-free and soy-free foods for health-conscious consumers. Nabati Foods was founded in 2014 and has four signature product lines, including: dairy-free cheesecakes; cheese alternatives; plant-based meats; and a plant-based liquid egg alternative. Nabati Foods products are distributed throughout Canada, the United States and internationally through e-commerce, grocery, food service and industrial channels.

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