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The Planting Hope Company Inc. (MYLKF) is reimagining and reinventing food to feed 10 billion people tomorrow. This Foodtech-driven company creates innovative, nutrient-rich products like Sesamemilk, High-Protein Veggie Rice, and Real Veggie Chips, disrupting global markets and reducing environmental footprints. With a focus on sustainability and culinary innovation, their products are available across the US and Canada, catering to the demands of consumers. Planting Hope aims to make a positive impact on the world while providing investors with valuable opportunities in the sustainable food market.
Planting Hope Company announced that its Hope and Sesame® Sesamemilk is now available on Amazon.ca and in numerous natural grocery stores across Canada. The product is offered in four flavors, including the award-winning Barista Blend. The expansion covers 69 new door placements, enhancing the brand's distribution by 319 total distribution points in Ontario, Quebec, and British Columbia. Approximately 80% of Canadians regularly consume plant-based foods, presenting a significant market opportunity for Planting Hope ahead of their participation in the Canaccord Genuity AgriFood Tech Innovation Virtual Forum.
Planting Hope Company (MYLKF) reported a record revenue of $3.7 million (CAD $4.9 million) for Q3 2022, marking a remarkable 378% increase from Q3 2021 and a 10% increase over Q2 2022. Year-to-date revenues reached $9.5 million (CAD $12.7 million), surpassing the total revenue for FY 2021 by over 3.5x. The company's gross profit margins improved significantly with a net loss reduction to $4.9 million, down from $7.6 million in Q3 2021. Planting Hope continues to expand its distribution footprint, now reaching over 9,000 doors across North America.
Planting Hope Company Inc. (TSXV:MYLK, OTCQB:MYLKF) announces the launch of RightRice® Veggie Rice in four flavors at 180 Walmart stores across Canada starting November 2022, adding 720 Total Distribution Points (TDP). This marks the company's second major product launch in the Canadian market for Q4 2022, following the launch of Hope and Sesame® Sesamemilk in 382 Loblaw stores. RightRice® offers a nutritious and versatile rice alternative, made with 90% vegetables, featuring more than 9g of complete protein and 5g of dietary fiber per serving.
The Planting Hope Company (TSXV:MYLK, OTCQB:MYLKF) has announced a significant expansion in its distribution of RightRice® Veggie Rice and Hope and Sesame® Sesamemilk through Dot Foods, North America's largest foodservice redistributor. The original RightRice will be available in bulk, while the award-winning Barista Blend Sesamemilk will be sold in 32oz cartons. Additionally, Rōti Mediterranean restaurants are adding RightRice to their menu, enhancing plant-based options for consumers. This strategic move aims at increasing visibility and accessibility of Planting Hope's products in the foodservice sector.
Planting Hope has launched its flagship Hope and Sesame® Sesamemilk in dual-language packaging across 382 stores of Loblaw Companies Limited, Canada's largest grocery retailer. This launch represents an addition of 1,146 total distribution points. Featuring three flavors—Barista Blend, Original, and Unsweetened—this plant-based milk offers 9g of complete protein per serving, significantly higher than almond and oat milks. This marks a crucial milestone for Planting Hope as it continues to promote sustainable and nutritious products in the competitive plant-based market.
The Planting Hope Company (TSXV:MYLK; OTCQB:MYLKF) is set to engage with investors during key events this November. On November 2 at 3 p.m. ET, CEO Julia Stamberger will present at the irlabs Investor Day, discussing how Planting Hope is disrupting the food industry. Later that day at 4:15 p.m. ET, a webinar hosted by Radius Research will provide insights into the company's strategy. Additionally, Stamberger and COO Susan Walters-Flood will meet investors at the CEM event in Hollywood, Florida, from November 11-13. The company is also launching a $115,000 digital marketing campaign with Native Ads.
Planting Hope Company (TSXV:MYLK, OTCQB:MYLKF) has successfully completed a non-brokered private placement, raising C$2,223,750 through the issuance of 12% convertible debentures. Each debenture has a face value of C$1,120 and offers interest payable semi-annually. The conversion price for units is set at C$0.55 per unit, including warrants exercisable at C$0.80. Proceeds will support general working capital. The company has rapidly expanded, with over 35 new products launched and 50,000 distribution points in North America.
Planting Hope (TSXV:MYLK, OTCQB:MYLKF) is set to launch two special edition flavors of RightRice Veggie Rice for the 2022 Holiday season: Vegan Brown Butter Sage and Holiday Stuffing. Available at all Whole Foods Market locations in the US and on ThriveMarket.com, the products aim to meet consumer demand following a successful 2021 launch. Additionally, RightRice is expanding its e-commerce presence with new listings on shopmyexchange.com and Amazon.com. The company has also secured new retail placements through its participation in a recent trade show.
The Planting Hope Company is expanding its distribution of Hope and Sesame Barista Blend Sesamemilk through a new partnership with Baldor Specialty Foods, reaching over 4,600 locations in New York City. The product is also launching at the University of Chicago's campus cafés and featured in Sprouts Farmers Market Innovation Centers this September. Additionally, the company participated in events like SummerFest Anime Festival and Coffee Fest in Los Angeles and is exhibiting at Coffee Fest Seattle. Planting Hope is also celebrating National Coffee Day with free sesamemilk drinks at six cafés in Chicago.
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