Planet Based Foods Confirms Expansion across U.S.

Rhea-AI Summary

Planet Based Foods Global Inc. (CSE: PBF, OTCQB: PBFFF) announced its distribution expansion into the West and Midwest, now available at Smith's and Mariano's supermarkets. The offerings include products like The Original Taquito with Cheese and The Green Chili Southwest Hemp Burger Patties, emphasizing plant-based nutrition with several grams of protein per serving. CEO Braelyn Davis highlighted this move as a significant brand catalyst, while reiterating the importance of both brick-and-mortar and online sales. The company aims to further explore the potential of hemp and plant-based meat applications in future product lines.

Positive

• Expansion into the West and Midwest enhances market access.
• New distribution at major retailers (Smith's and Mariano's) increases visibility.
• Product offerings are rich in protein, appealing to health-conscious consumers.

Negative

• None.

VANCOUVER, BC, March 21, 2023 /PRNewswire/ - Planet Based Foods Global Inc. (CSE: PBF) (OTCQB: PBFFF) (FRA: AZ0) ("PBFG," "Planet Based Foods" or the "Company") is pleased to announce that the Company will commence distribution in the West and Midwest. Planet Based Foods will now be available to customers in Smith's and Mariano's.

Shoppers who are looking for convenient plant-based alternatives in craveable and familiar formats will be able to find the following products: The Original Taquito with Cheese (a hemp-based crumble with vegan Pepper Jack cheese, wrapped in a crunchy, gluten-free corn tortilla shell with 5 grams of plant-based protein), The Southwest Taquitos (offering 4 grams of plant-based protein, green chilis and natural seasoning) and The Green Chili Southwest Hemp Burger Patties (with 19 grams of plant-based protein and 6 grams of fiber in a zesty blend of hump seed, pea protein and brown rice).

Planet Based Foods' CEO and Co-Founder, Braelyn Davis, quotes, "We're proud of what we've accomplished in such little time as a company. This expansion is a significant catalyst for Planet Based Food as we solidify our brand in local supermarkets across the country. We recognize the importance of brick-and-mortar sales but shouldn't be quick to dismiss the success of our online sales. We'll look forward to adding more distribution channels."

Planet Based Foods remains committed to unlocking the potential of hemp across its product lines. Hemp is a highly versatile crop known for its sustainability. It requires less water than traditional crops and regenerates soil, eliminating the need for pesticides. It is also a rich source of complete protein, dietary fiber, B vitamins, manganese, phosphorus, magnesium, iron, and essential fatty acids¹. Not only does hemp benefit people as a nutritious superfood, but it also supports the planet's health. As research and development matures, the Company will look at additional ways to utilize hemp and other plant-based meat applications, including introducing new food SKUs in the upcoming months.

About Planet Based Foods

PBFG, through its wholly owned subsidiary in San Diego, California, Planet Based Foods, produces sustainable plant-based meat substitutes. Planet Based Foods was founded in 2018 in San Diego, California, with a mission to build a better food system by providing hemp-formulated superfood products to people today that support our planet tomorrow; all Planet Based Foods products are 100% vegan. Planet Based Foods creates clean, non-GMO, nutrient-dense food built for the future: the first line of plant-based meats with sustainable hemp as the number-one ingredient. Founded by former nutrition coach and cannabis marketer Braelyn Davis, food scientist and plant-based pioneer Robert Davis, and restaurant industry veteran Ted Cash, the company is on a mission to establish hemp as a nutrient-dense protein source that can feed the world sustainably for generations to come. Planet Based Foods' suite of products includes its new consumer line of nutritious frozen foods, plant-based meat ingredients and handheld comfort foods for food service and restaurants.

For further details about the Company and the listing transaction, please refer to the Company's listing statement at www.thecse.com and the Company's profile at www.sedar.com. In addition, to view information about the Company and subscribe to automated email alerts for future news and public filings, visit the Planet Based Foods website at www.planetbasedfoods.com.

On Behalf of the Board

Braelyn Davis
CEO and Co-Founder

Forward-Looking Statements

Certain statements included in this news release constitute forward-looking information or statements (collectively, "forward-looking statements"), including those identified by the expressions "anticipate," "assume," "believe," "plan," "estimate," "expect," "intend," "may," "should" and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. Therefore, this news release contains forward-looking statements. These forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Such statements are based on current expectations and various estimates, factors and assumptions and involve known and unknown risks, uncertainties and other factors. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Accordingly, readers should not rely on the Company's forward-looking statements.

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this news release.

Sources
			1.	WebMD. (n.d.). Hemp seeds: Are they good for you? pros and cons, nutrition information, and more. WebMD. Retrieved February 1, 2023, from https://www.webmd.com/diet/hemp-seeds-good-for-you

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SOURCE Planet Based Foods

FAQ

What is the significance of Planet Based Foods' expansion announcement on March 21, 2023?

The expansion allows Planet Based Foods to distribute its products in the West and Midwest, increasing brand presence and sales opportunities.

Which retailers will carry Planet Based Foods' products following the March 2023 announcement?

Following the announcement, Planet Based Foods' products will be available at Smith's and Mariano's supermarkets.

What products did Planet Based Foods introduce in its expansion in March 2023?

New products include The Original Taquito with Cheese and The Green Chili Southwest Hemp Burger Patties, focusing on plant-based nutrition.

What are the key features of Planet Based Foods' products highlighted in the March 2023 press release?

The products feature high protein content and are made from sustainable hemp, appealing to health-conscious consumers.