NextGen Food Robotics Announces Plan to Acquire Second Facility

Rhea-AI Summary

NextGen Food Robotics Corp. has announced that it has retained Corbel Commercial Real Estate to identify a second facility for its operations. The company plans to retrofit the new facility with robotic automated food manufacturing lines and ghost kitchen facilities to expand its operations across Canada. NextGen's existing ghost kitchen has reached full capacity and is being retrofitted with a state-of-the-art packaging line for large-scale manufacturing and distribution to retail grocery stores.

VANCOUVER, BC / ACCESSWIRE / June 1, 2023 / NextGen Food Robotics Corp. (the "Company" or "NextGen") (NEO:NGRB; OTC PINK:NGRBF; Frankfurt:O83) is pleased to announce that it has retained an agent with Corbel Commercial Real Estate to identify a second facility (the "New Facility") at which to continue its operations.

Once secured, the Company intends to retrofit the New Facility with robotic automated food manufacturing lines and ghost kitchen facilities. Through the New Facility, NextGen plans to expand its operations across Canada.

NextGen's existing ghost kitchen has reached 100% capacity and the Company is in the process of retrofitting its facility with a state-of-the-art packaging line to automate the packaging and production of soups and sauces for large scale manufacturing and distribution to retail grocery stores.

About NextGen Food Robotics

Nextgen Food Robotics is an automated robotic food co-packer and manufacturer that uses technology to modernize its food manufacturing processes. Additionally, Nextgen is developing the "Lily app", which is an AI-powered food application.

For investor inquiries or further information, please contact:
Paul Rivas, Chief Executive Officer
1 (236) 471-1357
privas@originalholycow.com

Cautionary Note on Forward-Looking Information

This press release contains certain forward-looking statements within the meaning of applicable securities laws with respect to the Company. These forward-looking statements generally are identified by words such as "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," and similar expressions and in this news release include statements respecting the Company's intention to secure and retrofit a new facility, the Company's retrofitting activities at its current facility and the Company's planned expansion of operations across Canada. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release. The forward-looking statements included in this news release are expressly qualified by this cautionary statement. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable laws.

Neither the Neo Exchange nor IIROC accepts responsibility for the adequacy or accuracy of this press release.

SOURCE: NextGen Food Robotics Corp.

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