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Pangea Natural Foods Inc. (PNGAF) is a Vancouver-based company that specializes in manufacturing and distributing high-quality, plant-based food products that are nutritious and free of GMO ingredients, fillers, antibiotics, hormones, and bioengineered ingredients. The company offers a diverse range of innovative and sustainably sourced food products, including the popular Pangea Plant-Based Patties, Pangea Old Fashioned Ghee, Pangea Energy Gel, and the Pangea Munchie Mix. With a commitment to excellence, Pangea operates a state-of-the-art facility capable of tailoring production lines to meet specific product requirements. They recently ventured into co-packing services for third-party food and beverage companies in Canada and the United States, emphasizing quality, compliance with regulatory standards, and cost savings for their partners.
Pangea Natural Foods has announced a share exchange agreement to acquire Glory Organic Juice Company, enhancing its portfolio in the health food sector. Under this agreement, Pangea will issue 6,000,000 common shares to Glory Juice's shareholders, alongside settling approximately $1.8 million in loans related to Glory Juice. This acquisition positions Pangea to expand its market presence through Glory Juice's established brand and retail locations in Vancouver. The completion of the acquisition is subject to customary conditions, including regulatory approvals.
Pangea Natural Foods Inc. has initiated the formulation of a new vegan single-serving pre-workout supplement in collaboration with Superbolt Tea and Blue Ocean Tea Company. This innovative product features vegan honey and user-friendly packaging. The pre-workout supplements market, valued at US$15.6 billion in 2021, is projected to reach US$28.7 billion by 2028, with a CAGR of 9.1%. Pangea's products are manufactured in Canada at FDA-approved facilities and are available online and in over 250 stores across Canada and the U.S.
Pangea Natural Foods Inc. (CSE: PNGA) has launched Pangea Chikken Nuggets, a vegan meat alternative packed with 21 grams of protein. Made from three types of pea protein, these nuggets are free from GMOs, fillers, and antibiotics. This marks the company's second plant-based product following the success of the Pangea Plant-Based Patties. The global vegan food market is set to grow from US$26.16 billion in 2021 to US$61.35 billion by 2028, demonstrating significant market potential for Pangea's innovations.
Pangea Natural Foods Inc. (CSE: PNGA) has announced a new partnership with WestJet, marking its third airline collaboration, following partnerships with Air Canada and British Airways. The Pangea Munchie Mix will be offered in WestJet's business class, expanding its presence on over 650 aircraft globally. CEO Pratap Sandhu highlighted the growing momentum in airline partnerships and the airline catering market's projected value of US$21 billion by 2024. This initiative aims to solidify Pangea's position as a leading snack option for travelers, extending availability beyond Canada and the US.
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