FEEL FOODS LTD. 100% Owned Black Sheep Vegan Cheeze Products Now Available on Multiple Online Marketplaces Including Spud and Vegano

Rhea-AI Summary

Feel Foods Ltd. (OTC: FLLLF) has announced that its vegan cheese brand, Black Sheep Vegan Cheeze, is now available on several online marketplaces including www.spud.ca and www.veganofoods.com. The company aims to build its presence as consumer demand for plant-based products grows, with a market expected to reach $74.2 billion by 2027. Black Sheep's products are currently featured in over 40 grocery stores and 30 food service locations in British Columbia. Additionally, the company granted 2 million restricted share units to a consultant.

Positive

• Black Sheep Vegan Cheeze products now available on multiple online marketplaces.
• Growing presence with distribution in over 40 grocery stores and 30 food service locations in British Columbia.
• Plant-based food market projected to grow at a CAGR of 11.9% until 2027, reaching $74.2 billion.

Negative

• Granting of 2 million restricted share units may dilute existing shareholder equity.

VANCOUVER, British Columbia, Nov. 10, 2021 (GLOBE NEWSWIRE) -- FEEL FOODS LTD. (the "Company" or "Feel Foods") (CSE: “FEEL”) (OTC: “FLLLF”) (FSE: “1ZF”) is pleased to announce that the Company’s 100% owned Black Sheep Vegan Cheeze products are now available for purchase on multiple online marketplaces including: www.spud.ca, www.veganofoods.com, Vegan Supply online and www.farmtotablemarket.ca online marketplaces.

We encourage Feel Foods’ investors, stakeholders and customers to begin following Black Sheep at Instagram.com/blacksheepvegancheeze and at any of the above online marketplaces to try Black Sheep’s unique products.

Vegano founder and CEO, Conor Power states: “Plant based cheeses are some of our best-selling products due to the ease of substituting them for their dairy counterparts and their creamy texture and delicious taste. Black Sheep Cranberry Voursin is an excellent substitute for spreadable diary cheeses, give it at try from out marketplace at: https://marketplace.veganofoods.com/collections/dairy/products/black-sheep-vegan-cheeze-cranberry-voursin”

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/68e92fa6-b1cd-4e58-bebc-8ebab6f4b410

Feel Foods Director and CEO David Greenway states: “Black Sheep continues to grow its presence and distribution online as well as in stores and now available in over 40 grocery stores and approximately 30 food services locations throughout British Columbia. Our Cranberry Voursin is one of our best sellers and a perfect substitute to spreadable cheeses when entertaining this Christmas season. We are currently working on launching exciting new plant-based products for you to enjoy ahead of the holiday season this year.”

In addition, the Company has granted 2,000,000 restricted share units (the “RSUs”) to a consultant of the Company. The RSUs are valid for a one-year term. The RSUs are governed by the Company’s RSU Plan, approved by the Company’s directors on August 17, 2021 and subject to shareholder approval at the upcoming AGM on November 18, 2021.

The plant-based food market is expected to grow at a CAGR of 11.9% from 2020 to 2027 to reach $74.2 billion by 2027.* The growth of this market is mainly attributed to the factors such as increasing incidence of intolerance for animal protein, growing urbanization with new consumer aspirations, increasing vegan population, and significant venture investments in this sector.*

About Black Sheep Vegan Cheeze

Feel Foods wholly owned premium vegan cheese brand “Black Sheep Vegan Cheeze” (“Black Sheep”) was founded in 2017 and is currently producing variety of unique vegan dairy substitute products at the Company’s Okanagan commercial kitchen and R&D facility. Black Sheep products are currently offered in grocery stores and food services locations throughout British Columbia including select locations at: IGA, Nesters, The Very Good Butchers, Pomme Natural, Natures Fare, Vegan Supply, and many other fine retailers across 16 cities throughout the province as well as online and in person at farmers markets.

For more information on Black Sheep’s products and story, visit: http://blacksheepvegancheeze.com/

About Feel Foods Ltd.

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

Company Contact:
Mr. 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 products does Feel Foods Ltd. offer under Black Sheep Vegan Cheeze?

Feel Foods Ltd. offers a variety of unique vegan dairy substitute products under the Black Sheep Vegan Cheeze brand.

Where can I buy Black Sheep Vegan Cheeze products?

Black Sheep Vegan Cheeze products are available for purchase on online marketplaces including spud.ca and veganofoods.com.

What is the stock symbol for Feel Foods Ltd.?

The stock symbol for Feel Foods Ltd. is FLLLF (OTC).

When is the upcoming AGM for Feel Foods Ltd.?

The upcoming AGM for Feel Foods Ltd. is scheduled for November 18, 2021.

What is the expected growth rate of the plant-based food market?

The plant-based food market is expected to grow at a CAGR of 11.9% from 2020 to 2027.