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Komo Plant Based Foods Inc. reported record revenue exceeding $100k in February, marking a 46% increase over its previous high in December 2021. The company is expanding its distribution network across Canada and the U.S., with agreements for 100 retail locations. With a current gross profit margin of 35%, Komo anticipates a slight decline as it focuses on wholesale expansion. The brand has gained over 200 five-star online reviews since its launch.
Komo Plant Based Foods Inc. has successfully closed a non-brokered private placement financing valued at $1,080,252, priced at $0.14 per unit. Each unit consists of one common share and one warrant, allowing the purchase of an additional share at $0.20 within 24 months. Previously, on February 11, the company raised $981,208 through the issuance of 7,008,625 units, along with a conversion of $99,044 of debt to 707,458 units. The proceeds will support operations and expansion in Canada and the U.S.
Komo Plant Based Foods Inc. (CSE:YUM)(OTCQB:KOMOF) announced the upcoming launch of its retail Mac & Cheeze products next month, following the success of its ready-to-bake meals. The company has developed two SKUs in different serving sizes, including a family size, based on its popular Mac & Greens dish from food delivery services. The initial launch will be in Vancouver, BC, with plans for large-scale manufacturing after gathering consumer feedback.
Komo Plant Based Foods Inc. (CSE: YUM, OTCQB: KOMOF) will exhibit at the Natural Product Expo West in Anaheim, California, from March 10-12, 2022. This event will allow Komo to showcase its multi-serve frozen plant-based foods and engage with U.S. retail buyers. Since its retail launch last year, Komo has expanded its distribution network, adding five new distributors and entering major retail chains. CEO William White emphasized the importance of product sampling and relationships at the expo as essential for brand growth.
Komo Plant Based Foods Inc. has made its plant-based frozen meals available for order across the U.S. through GTFO It's Vegan. The first shipment to GTFO's California headquarters marks a significant milestone for Komo, which previously launched its products in Canada in March 2021. The initial offerings include items like Lasagna and Chickenless Pot Pie, which have garnered positive reviews. Komo aims to make plant-based meals a staple in American households, reinforcing its commitment to promote plant-based eating as the future.
Komo Plant Based Foods is set to expand its market presence by launching six frozen product SKUs in 33 Your Independent Grocer (YIG) stores across western Canada, starting March 2022. This launch marks a significant milestone for Komo, as it collaborates with Loblaw, Canada's largest food retailer, reaching 90% of the Canadian population. The product range includes Komo's Ready-to-Bake Classics and Meal Helpers. This retail penetration is expected to boost brand visibility and pave the way for future growth, including plans for U.S. market expansion.
Komo, a plant-based food start-up trading under KOMOF, has marked a significant milestone by garnering 200 five-star reviews on its eCommerce platform within 10 months of launch. The positive feedback highlights the quality and taste of its frozen meals, supported by a robust digital marketing strategy through applications like Yotpo, Privy, Klaviyo, and ReCharge. Komo's product line includes plant-based comfort foods and recently introduced Komo Plant-Based Meal Helpers. The company aims to revolutionize plant-based diets, emphasizing direct consumer relationships for an enhanced shopping experience.
Komo Plant Based Foods Inc. has launched a new line of vegan, gluten-free cheesecakes, including Vanilla, Mango, and Strawberry flavors, crafted from cultured coconut yogurt and cashew with an oat crust. Available via Komo Eats in Metro Vancouver, these products aim to gather consumer feedback before a potential nationwide retail launch later this year. The company focuses on premium, plant-based comfort foods and plans to expand its offerings, tapping into the growing $2.77-billion global plant-based dessert market, projected to grow at 10% CAGR through 2027.
Komo Plant Based Foods announced its entry into the U.S. online market through GTFO It's Vegan, enabling consumers to order its plant-based comfort foods like Lasagna and Chickenless Pot Pie. The first shipment is set to arrive in California this week, marking a significant expansion for Komo, which previously launched in Canada. CEO William White emphasized the company's commitment to making plant-based meals accessible to all. With over 200 five-star reviews, Komo aims to capitalize on the growing demand for vegan options.
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