Mr. Avtar Dhaliwal reports

MODERN PLANT BASED FOODS' POPPED CHIPS EXPANDS INTO AN ADDITIONAL 130 RETAIL STORES ACROSS CANADA

Modern Plant Based Foods Inc. has launched its Snacks from the Sun popped chips brand across Canada. The popular popped chips have been accepted into an additional 130 stores after strategic partnerships with two key distributors in both Western and Eastern Canada.

"This is just the beginning for our expansion plans to increase our distribution for Snacks from the Sun. We have received rave reviews for the product and have significant meetings planned with distributors. The addition of 130 stores is just the cusp and the start of the potential growth potential we see in Canada," states Avtar Dhaliwal, chief executive officer of Modern Plant Based Foods.

The company has plans to continue its distribution network both within Canada and the United States. Given historical growth in this segment of the snack category, and the trajectory for sweet and salty snacks, the company believes it will see continued growth in 2022. As outlined in a recent report, "In 2020, the snack food market in Canada generated a total revenue of 9.8 billion U.S dollars (up by 1.3 billion U.S. dollars more than 2019, resulting in a significant increase in annual revenue)."

Modern Plant Based Foods' Snacks from the Sun "Popped Potato Crisps" are light and airy crisps made from all-natural potatoes, whole grains, and seasonings, then popped. The chips are vegan and free of gluten, cholesterol and saturated fat. These vegan snacks come in six different flavours: sour cream and chive, sea salt, cracked pepper, tangy barbecue, salt and vinegar, and nacho cheese.

At the recent CHFA, Canadian Health Food Association Tradeshow, an event open exclusively to industry related professionals including retailers, brokers/distributors and manufacturers, the snacks received overwhelmingly positive feedback and interest for potential new distribution channels.

"After receiving tremendous feedback on the Snacks from the Sun popped chips at the CHFA event in Vancouver, we look forward to continuing our expansion plan into the snack category of retail stores. At the show, the Snacks from the Sun gathered significant interest from retailers, and we expect to be significantly adding to the number of Canadian retailers in the coming period," states Cassidy McCord, chief corporate officer of Modern Plant Based Foods.

About Modern Plant Based Foods Inc.

Modern Plant Based Foods is a Canadian food company based in Vancouver, B.C., that offers a portfolio of plant-based products, including meat- and dairy-free alternatives, soups, and vegan snacks. Its products are available at select restaurants and retailers across Canada, including its own Modern Wellness bars located in Vancouver. The company takes a holistic approach to plant-based living, and understands the importance of providing nutritious and sustainable alternatives to consumers without sacrificing taste. The company wants people to feel good about the food they eat which is why the company is deliberate in choosing ingredients free of soy, gluten, nuts and GMOs (genetically modified organisms). The company's mission is to change the way food is produced and consumed for the benefit of people, animals and the environment by using natural plant-based ingredients.

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