FEEL FOODS’ BLACK SHEEP VEGAN CHEEZE INTRODUCING VEGAN WHIP PRODUCT

Rhea-AI Summary

FEEL FOODS LTD. (OTC: FLLLF) has announced the launch of its new vegan whip product in vanilla, chocolate, and espresso flavors, building on the success of its Black Sheep Vegan Cheeze. The product is now shipping to 70 retailers and online platforms after receiving positive feedback from customers. CEO David Greenway highlighted the product's similarity to mainstream brands, emphasizing its appeal and potential in the growing dairy alternatives market, projected to reach USD 52.58 billion by 2028 with a CAGR of 12.5%.

Positive

• Launch of a new vegan whip product in three flavors.
• Positive customer feedback leading to product launch.
• Current distribution network includes 70 retailers.

Negative

• None.

VANCOUVER, BRITISH COLUMBIA , Nov. 25, 2021 (GLOBE NEWSWIRE) -- FEEL FOODS LTD. ("Feel Foods") (CSE: “FEEL”) (OTC: “FLLLF”) (FSE: “1ZF) announced today that following on the success of its Black Sheep Vegan Cheeze, it is now launching a vegan whip product available in vanilla, chocolate, and expresso. This comes after an excellent season of selling the product and listening to customers.

Product is already being shipped and entering the distribution network, currently consisting of 70 retailers, foods service business and online marketplaces.

Feel Foods CEO, David Greenway, stated: “Customer demand has driven the launch of the new vegan whip product after the Black Sheep team received very positive reviews and feedback this past summer at farmers markets. The vegan whip cream has a similar texture and utility as mainstream brands like Cool-Whip but without the animal-based ingredients.   We believe Black Sheep Vegan Cheeze has the best vegan whip on the market and we can’t wait for you to try it.”

“We continue to encourage Feel Foods investors, stakeholders and customers to begin following Black Sheep at Instagram.com/blacksheepvegancheeze and at any participating online marketplaces to try Black Sheep unique products,” said Greenway.

The global dairy alternatives market size is expected to reach USD 52.58 billion by 2028, according to a new report by Grand View Research, Inc. and expand at a CAGR of 12.5% from 2021 to 2028.

About Feel Foods Ltd.

FEEL is an agri-food holdings company focused on innovative products and technologies in the food services industry. This includes its wholly owned Black Sheep Vegan Cheeze Company, which offers a variety of 10 unique vegan dairy substitute products and currently available in over 30 retail locations. FEEL’s 100% owns Be Good Plant-based Foods line of plant-based chicken, pork and beef products and is currently investing in the research and development of keto-friendly plant-based candy products.

Company Contact:
Joel T Warawa
Corporate Communications
E-mail: jw@feelfoodsco.com

Corporate Contact:
Website: www.feelfoodsco.com
E-Mail: info@feelfoodsco.com
Instagram: Instagram.com/feelfoodsco
Phone: 604-235-0010

Statistics Reference: * https://www.prnewswire.com/news-releases/global-plant-based-food-market-report-2020-2027-rising-industry-concentration-with-growth-in-mergers-and-acquisitions-in-the-plant-based-products-space-301268737.html

Disclaimer for Forward-Looking Information

Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future, including with respect to: the entry of the Consulting Agreements, the completion of the Acquisition and the acceptance of the Acquisition and terms thereof by the CSE. Such statements are subject to risks and uncertainties that may cause actual results, performance, or developments to differ materially from those contained in the statements, including risks related to factors beyond the control of the Company. The risks include the following: the unknown magnitude and duration of the effects of the COVID-19 pandemic, the inability of Feel Foods to close the Acquisition and other risks that are customary to transactions of this nature. There can be no assurance that any forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place any undue reliance on forward-looking information or statements. Feel Foods undertakes no obligation to update forward-looking information or statements, other than as required by applicable law.

This press release is not an offer of the securities for sale in the United States. The securities have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from registration. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.

The CSE (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.

FAQ

What new product did Feel Foods launch?

Feel Foods launched a new vegan whip product available in vanilla, chocolate, and espresso flavors.

How has customer feedback influenced Feel Foods' product offering?

Customer feedback has been positive, driving the decision to launch the new vegan whip product after success with Black Sheep Vegan Cheeze.

What is the market outlook for dairy alternatives according to Feel Foods?

The global dairy alternatives market is expected to reach USD 52.58 billion by 2028, expanding at a CAGR of 12.5%.

How many retailers is Feel Foods distributing its new vegan whip to?

Feel Foods is currently distributing the new vegan whip product to 70 retailers.

What is the stock symbol for Feel Foods Ltd.?

The stock symbol for Feel Foods Ltd. is FLLLF.