Komo Plant Based Foods Completes First Production Run at Co-Manufacturer and Fulfills First Distributor Orders

Rhea-AI Summary

Komo Plant Based Foods Inc. (OTCQB:KOMOF) announced the successful ramp-up of production with a new co-manufacturing partner, fulfilling orders for four distributors. The shipment totaled 1,788 kilograms (approx. 4,000 pounds) of products featuring updated packaging and formulas, expected to boost revenues this quarter. The company manufactures seven frozen plant-based products and has launched a new line, Komo Plant-Based Meal Helpers. Future product launches are planned, aiming to increase retail distribution in the U.S. and Canada.

Positive

• Successfully ramped up production with a new co-manufacturer.
• Fulfilled 1,788 kilograms of orders, leading to anticipated revenue increase.
• Updated product packaging and formulas based on customer feedback.
• Plans for further product launches are underway.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / October 19, 2021 / Komo Plant Based Foods Inc. (CSE:YUM)(OTCQB:KOMOF)(FRA:9HB) ("Komo"), a premium frozen plant-based food company, is pleased to announce that it has successfully ramped up production through its new co-manufacturing partner and completed fulfilment last week of purchase orders for all four of its distributors.

This shipment of products have been produced with newly updated, retail-ready packaging and refreshed formulas. Distributors have picked up the products for delivery to new and existing retail locations. With last week's orders and delivery of 1,788 kilograms (approximately 4,000 pounds) of product, Komo expects a substantial increase in revenues for this quarter over previous quarters. New retail locations are expected to be announced over the next few months.

"We are pleased to now have the production capability to expand the distribution of our plant-based products," says Jeffrey Ma, President and CEO of Komo's operating subsidiary, Komo Comfort Foods. "We launched locally earlier this year with a speed to market approach locally and to validate our product-market fit in the frozen food category. With the packaging and formula revamp, we were able to incorporate the feedback from our customers over the past few months. Finding the right co-manufacturing partner was our goal for the fourth quarter of this year to help unlock our ability to supply our products. This paves the way for expansion of our direct to consumer business and retail distribution in the United States and Canada. More importantly, we continue to pursue our mission to make plant-based meals a staple at every dinner table."

Komo currently manufactures seven plant-based frozen products, including plant-based Lasagna, Shepherd's Pie and Chickenless Pot Pie and has recently launched a new line - Komo Plant-Based Meal Helpers^TM - versatile meal starters to allow the creation of many dishes at home. The company has several new products in development planned for launch later this year.

About Komo

Komo Plant Based Foods Inc. is a premium plant-based food company that develops, manufactures and sells a variety of plant-based frozen meals that are always hearty, satisfying, and made with wholesome ingredients. At Komo, our mission is to help make plant-based meals a staple on every dinner table by sharing our love for feel-good food that connects the people to the planet. We believe plant-based eating is the future and - Change can start with a single bite^TM. Our experienced plant-based innovation and development team recreates vegan versions of traditionally cheesy and meaty classics, with 100% plants. Komo's products are sold direct-to-consumer through our eCommerce website and a distribution network of online and brick and mortar grocery, convenience and natural retailer channels. Our operating subsidiary Komo Comfort Foods launched in 2021 with our flagship products: plant-based Lasagna, Shepherd's Pie and Chickenless Pot Pie and has recently launched a new line - Komo Plant-Based Meal Helpers^TM - versatile meal starters to allow the creation of many dishes at home. All of our products are 100% plant-based, made with wholesome ingredients, free from preservatives, and frozen for freshness. Freezing products is a natural and effective way of keeping food products for longer without having to use any preservatives. Komo's meals have a 1-year frozen shelf life.

Learn more at: www.komocomfortfoods.com and follow on Instagram: @komocomfortfoods

For further information, please contact:

William White, President & CEO, Komo Plant Based Foods Inc.
will@komoeats.com
1-866-969-0882

The Canadian Securities Exchange has not reviewed, approved or disapproved the contents of this news release.

Cautionary Statement Regarding Forward-Looking Statements

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or Komo's future performance. The use of any of the words "could", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Komo's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, Komo's product development plans, its ability to retain key personnel, its revenues, and its expectation as to the acceptance of its products by retailer stores and consumers constitute forward-looking information. Actual results and developments may differ materially from those contemplated by forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information. The statements made in this press release are made as of the date hereof. Komo disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws.

SOURCE: KOMO Plant Based Foods Inc.

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FAQ

What recent production milestone did Komo Plant Based Foods achieve?

Komo Plant Based Foods successfully ramped up production through a new co-manufacturing partner.

How much product did Komo ship to distributors?

Komo shipped 1,788 kilograms (approximately 4,000 pounds) of product to distributors.

What is the ticker symbol for Komo Plant Based Foods?

The ticker symbol for Komo Plant Based Foods is KOMOF.

What types of products does Komo Plant Based Foods offer?

Komo offers a variety of plant-based frozen meals, including lasagna and pot pies.

Are there new products planned by Komo?

Yes, Komo has several new products planned for launch later this year.