The Good Flour Corp. Announces Distribution Relationship for PureMelt Cheeeze(TM) Product
The Good Flour Corp. (GFCOF) has announced that its PureMelt Cheeeze™ product is now available for distribution through Gordon Food Service, North America's largest family-operated broad-line food distribution company. The product will be accessible to all food service customers using Gordon Food Service for procurement.
PureMelt Cheeeze™ is a vegan cheese alternative free from the top 10 allergens, featuring characteristics similar to mozzarella including stretch and caramelization. The product is non-GMO, gluten-free, and contains no saturated fat or cholesterol, with lower sodium levels.
Additionally, the company has amended its loan agreement to increase the borrowing limit to $1,000,000, with loans bearing 10% annual interest and maturing on July 31, 2025. The company will issue up to 1,785,700 additional share purchase warrants to the lender, exercisable at $0.14 per share until March 15, 2029, bringing total Bonus Warrants to 7,142,800.
The Good Flour Corp. (GFCOF) ha annunciato che il suo prodotto PureMelt Cheeeze™ è ora disponibile per la distribuzione tramite Gordon Food Service, la più grande azienda di distribuzione alimentare a conduzione familiare del Nord America. Il prodotto sarà accessibile a tutti i clienti del servizio alimentare che utilizzano Gordon Food Service per gli acquisti.
PureMelt Cheeeze™ è un'alternativa al formaggio vegano priva dei 10 principali allergeni, con caratteristiche simili alla mozzarella, inclusa l'elasticità e la caramellizzazione. Il prodotto è non OGM, senza glutine e non contiene grassi saturi né colesterolo, con livelli di sodio ridotti.
Inoltre, l'azienda ha modificato il suo contratto di prestito per aumentare il limite di prestito a $1,000,000, con prestiti che prevedono un interesse annuale del 10% e in scadenza il 31 luglio 2025. L'azienda emetterà fino a 1.785.700 ulteriori warrant per l'acquisto di azioni al prestatore, esercitabili a $0.14 per azione fino al 15 marzo 2029, portando il totale dei Bonus Warrants a 7.142.800.
The Good Flour Corp. (GFCOF) ha anunciado que su producto PureMelt Cheeeze™ ahora está disponible para distribución a través de Gordon Food Service, la mayor empresa de distribución de alimentos de propiedad familiar en América del Norte. El producto estará accesible para todos los clientes de servicios de alimentos que utilicen Gordon Food Service para la adquisición.
PureMelt Cheeeze™ es una alternativa al queso vegano libre de los 10 principales alérgenos, con características similares a la mozzarella, incluyendo elasticidad y caramelización. El producto es no OGM, libre de gluten y no contiene grasas saturadas ni colesterol, con niveles de sodio reducidos.
Además, la empresa ha modificado su acuerdo de préstamo para aumentar el límite de endeudamiento a $1,000,000, con préstamos que llevan un interés anual del 10% y que vencerán el 31 de julio de 2025. La empresa emitirá hasta 1.785.700 garantías adicionales de compra de acciones al prestamista, que se pueden ejercer a $0.14 por acción hasta el 15 de marzo de 2029, lo que llevará el total de Bonus Warrants a 7.142.800.
The Good Flour Corp. (GFCOF)는 자사의 PureMelt Cheeeze™ 제품이 북미 최대의 가족 운영 종합 식품 유통업체인 Gordon Food Service를 통해 배급 가능하다고 발표했습니다. 이 제품은 Gordon Food Service를 이용하는 모든 식품 서비스 고객에게 제공됩니다.
PureMelt Cheeeze™는 상위 10대 알레르겐이 없는 비건 치즈 대체품으로, 모짜렐라와 유사한 특성(신축성과 캐러멜화)을 가지고 있습니다. 이 제품은 비유전자 변형, 글루텐 프리이며, 포화 지방과 콜레스테롤이 없고, 나트륨 함량이 낮습니다.
또한, 회사는 대출 계약을 수정하여 대출 한도를 $1,000,000로 늘렸으며, 대출은 연 10%의 이자를 부담하고 2025년 7월 31일에 만기가 됩니다. 회사는 대출자에게 최대 1,785,700개의 추가 주식 매입 보증서를 발행할 예정이며, 이는 2029년 3월 15일까지 주당 $0.14에 행사할 수 있습니다. 따라서 총 보너스 보증서는 7,142,800개가 됩니다.
The Good Flour Corp. (GFCOF) a annoncé que son produit PureMelt Cheeeze™ est désormais disponible à la distribution via Gordon Food Service, la plus grande entreprise de distribution alimentaire à propriété familiale en Amérique du Nord. Le produit sera accessible à tous les clients du service alimentaire utilisant Gordon Food Service pour l'approvisionnement.
PureMelt Cheeeze™ est une alternative de fromage végétalien exempte des 10 allergènes majeurs, affichant des caractéristiques similaires à la mozzarella, y compris l'élasticité et la caramélisation. Le produit est non-OGM, sans gluten, et ne contient ni graisses saturées ni cholestérol, avec des niveaux de sodium réduits.
De plus, l'entreprise a modifié son contrat de prêt pour augmenter la limite de prêt à $1,000,000, avec des prêts portant un intérêt annuel de 10 % et arrivant à échéance le 31 juillet 2025. L'entreprise emittra jusqu'à 1 785 700 bons d'achat d'actions supplémentaires au prêteur, exerçables à 0,14 $ par action jusqu'au 15 mars 2029, portant le total des Bons de Souscription à 7 142 800.
The Good Flour Corp. (GFCOF) hat bekannt gegeben, dass das Produkt PureMelt Cheeeze™ jetzt über Gordon Food Service, das größte familiengeführte Unternehmen für die breit angelegte Lebensmittelverteilung in Nordamerika, vertrieben wird. Das Produkt wird für alle Kunden im Lebensmittelservice verfügbar sein, die Gordon Food Service für die Beschaffung nutzen.
PureMelt Cheeeze™ ist eine vegane Käsealternative, die frei von den 10 häufigsten Allergenen ist und Eigenschaften ähnlich Mozzarella aufweist, einschließlich Dehnbarkeit und Karamellisierung. Das Produkt ist nicht gentechnisch verändert, glutenfrei und enthält kein gesättigtes Fett oder Cholesterin, zudem hat es einen geringeren Natriumgehalt.
Zudem hat das Unternehmen seine Kreditvereinbarung geändert, um die Kreditobergrenze auf $1,000,000 zu erhöhen, wobei die Kredite einen jährlichen Zinssatz von 10 % haben und am 31. Juli 2025 fällig sind. Das Unternehmen wird bis zu 1.785.700 zusätzliche Aktienoptionsscheine an den Kreditgeber ausgeben, die bis zum 15. März 2029 zu einem Preis von 0,14 $ pro Aktie ausgeübt werden können, was die Gesamtzahl der Bonus-Warrants auf 7.142.800 erhöht.
- Secured distribution partnership with Gordon Food Service, North America's largest family-operated food distributor
- Product received positive feedback from top-tier chefs across Canada
- Taking on additional debt with 10% interest rate through loan agreement amendment
- Potential shareholder dilution through issuance of 7,142,800 total Bonus Warrants
Vancouver, British Columbia--(Newsfile Corp. - January 23, 2025) - The Good Flour Corp. (CSE: GFCO) (OTC Pink: GFCOF) (FSE: 3KZ) ("GFCO" or the "Company") announces that its vegan cheese product, PureMelt Cheeeze™, is now available for distribution as an open listed item with Gordon Food Service. This open listing will support the Company's distribution and allows for access to any food service customers that use Gordon Food Service to procure products. Gordon Food Service has been in business since 1897 and has grown to become the largest family-operated broad-line food distribution company in North America.
Hamid Salimian, Chief Executive Officer of GFCO, commented: "I am very excited about PureMelt Cheeeze™, it was developed as a product that is high quality, easy to use, easy to store and tastes great. In particular we have done rigorous testing with top-tier chefs across Canada, and PureMelt Cheeeze™ has consistently been the preferred choice over our competitors, earning rave reviews for its authentic taste and performance in a professional kitchen setting. Distribution through Gordon Food Service will provide us with the pipeline to get this product into the hands of food service customers."
PureMelt Cheeeze™ is meticulously crafted to be free of the top 10 allergens, ensuring that it is accessible to all without sacrificing the decadent experience of traditional cheese. Its unique formula boasts a rich and creamy profile with the perfect caramelization and stretch, making it indistinguishable from mozzarella on a pizza.
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GFCO sources its ingredients with the utmost care, focusing on quality and the allergy-free promise. PureMelt Cheeeze™ is a heart-healthy option with no saturated fat, zero cholesterol, and lower levels of sodium, catering to the nutritional needs of our customers. This product is non-GMO, gluten-free, and vegan, it speaks to our dedication to purity and excellence.
The Company also announces that it has further amended the loan agreement (the " Loan Agreement") with an arm's-length lender (the "Lender"), originally announced on March 8, 2024, July 5, 2024 and October 7, 2024 to increase the principal amount the Company may borrow to up to
The facility is non-revolving. The Company intends to use any funds advanced as Loans for general corporate and working capital purposes. In connection with making the loan facility available, the Company has agreed to issue up to an additional aggregate of 1,785,700 share purchase warrants (each, a "Bonus Warrant") to the Lender, with such Bonus Warrants vesting on a pro rata basis upon advance of each Loan pursuant to the Loan Agreement. Each Bonus Warrant will be exercisable into one (1) class "A" common share (each, a "Bonus Warrant Share") at a price of
About The Good Flour Corp.
For additional information on The Good Flour Corp. please refer to www.goodflour.co.
Company Contact
investors@goodflour.co
604-423-4400
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" concerning anticipated developments and events related to GFCO that may occur in the future. Forward looking information contained in this news release includes, but is not limited to, statements regarding demand for GFCO's products, the details of the availability and sales of PureMelt Cheeeze™, GFCO's future sales objectives and the use of proceeds from the Loan.
In certain cases, forward-looking information can be identified by the use of words such as "expects", "intends", "anticipates" or variations of such words and phrases or state that certain actions, events or results "may", "would", or "might" suggesting future outcomes, or other expectations, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain assumptions regarding, among other things, GFCO will continue to have access to financing until it achieves profitability; the timely receipt of regulatory approvals; the ability to source ingredients; the ability to attract qualified personnel; the success of market initiatives and the ability to grow brand awareness; the ability to distribute Company's products; and the ability to attract, maintain and expand relationships with key strategic restaurant and food service partners. While GFCO considers these assumptions to be reasonable, they may be incorrect.
Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results to be materially different from any future results expressed by the forward-looking information. Such factors include risks related to general business, economic and social uncertainties; the sufficiency of our cash to meet liquidity needs; risks associated with supply chain for machinery and equipment; litigation, availability of key product ingredients; legislative, environmental and other judicial, regulatory, political and competitive developments; failure to effectively expand production capacity; the ability to obtain retail partners to distribute Company's products; failure to attract, maintain and expand relationships with key restaurant and food service partners; changing consumer taste preferences; delay or failure to receive regulatory approvals; failure to attract qualified personnel, labour disputes; and the additional risks identified in the "Risk Factors" section of GFCO's filings with applicable Canadian securities regulators.
Although GFCO has attempted to identify factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated. Readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, GFCO does not undertake any obligation to publicly update forward-looking information.
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FAQ
What is the distribution deal between GFCOF and Gordon Food Service for PureMelt Cheeeze?
What are the key features of GFCOF's PureMelt Cheeeze product?
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