Feel Foods to Launch Plant-Based Foods E-Commerce Platform

Rhea-AI Summary

Feel Foods Ltd. (OTC: FLLLF) announced the creation of a new e-commerce platform ahead of the festive season, designed by web developers Able & Howe. This platform will enhance logistics and inventory control, supporting an increase in fulfillment personnel and production of their Black Sheep Vegan Cheeze. New cold shipping units will ensure product freshness. The vegan food market is projected to grow significantly, driven by rising vegan populations and consumer trends. CEO David Greenway highlighted the e-commerce model as a profitable sales channel, aiming to expand product distribution and quality control.

Positive

• Launch of a new e-commerce platform to enhance logistics and sales.
• Increased production of Black Sheep Vegan Cheeze ahead of holiday demand.
• Expansion of distribution channels with products available in over 70 locations.
• Improvements in shipping logistics with new cold shipping units.
• The plant-based food market is expected to grow at a CAGR of 11.9% to reach $74.2 billion by 2027.

Negative

• None.

VANCOUVER, British Columbia, Nov. 18, 2021 (GLOBE NEWSWIRE) -- FEEL FOODS LTD. ("Feel Foods") (CSE: “FEEL”) (OTC: “FLLLF”) (FSE: “1ZF”) announced today it is creating a new e-commerce platform with advanced logistics operations in time for the festive season.

Web developers ‘Able & Howe’ is designing the new e-commerce site with full e-commerce capabilities as well as state-of-the-art inventory control capabilities, ensuring operations are efficient, effective, and uninterrupted.

Prior to the upcoming holiday season and the launch of its e-commerce platform, Feel Foods is adding more fulfillment personnel and is ramping up production of its popular, 100% owned Black Sheep Vegan Cheeze ahead of anticipated increased demand for these products that are already available for purchase on multiple online marketplaces including: www.spud.ca, www.veganofoods.com, Vegan Supply online and www.farmtotablemarket.ca.

Shipping and logistics have been improved with new cold shipping units to ensure products reach consumers with maximum freshness and shelf life. Feel Foods investors, stakeholders and customers are encouraged to begin following Black Sheep at Instagram.com/blacksheepvegancheeze and at any of the above online marketplaces to try Black Sheep unique products.

Feel Foods CEO, David Greenway, states: “The highly anticipated launch of our new e-commerce platform is an upcoming milestone for Feel Foods. This direct-to-consumer model is the most profitable sales channel in retail sales and allows us to scale up its distribution while controlling quality and reliability.

“Our Black Sheep Vegan Cheeze brand continues to grow its presence and distribution online as well as in stores and now available in over 70 grocery and 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 festive season. We are currently working on launching exciting new plant-based products for you to enjoy ahead of the holiday season this year.”

The plant-based food market is expected to grow at a CAGR of 11.9% between 2020 and 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.*

A Media Snippet accompanying this announcement is available by clicking on the image or link below:

Black Sheep “Cranberry Voursin” Spreadable Vegan Cheeze

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 is 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:
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 an 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 is the significance of the new e-commerce platform for Feel Foods (FLLLF)?

The new e-commerce platform will improve logistics, enhance inventory control, and provide a direct-to-consumer sales channel, which is more profitable.

How is Feel Foods preparing for increased demand during the festive season?

Feel Foods is ramping up production of its Black Sheep Vegan Cheeze and adding more fulfillment personnel ahead of the holiday season.

What is the growth forecast for the plant-based food market?

The plant-based food market is projected to grow at a CAGR of 11.9%, reaching $74.2 billion by 2027.

Where can consumers purchase Black Sheep Vegan Cheeze products?

Black Sheep Vegan Cheeze products are available on various online marketplaces and in over 70 grocery and food service locations in British Columbia.

Why is the direct-to-consumer model important for Feel Foods (FLLLF)?

This model allows Feel Foods to scale their distribution while maintaining control over product quality and reliability.