VANCOUVER, BC, June 27,
2023 /CNW/ - Planet Based Foods Global Inc. (CSE:
PBF) (OTCQB: PBFFF) (FRA: AZ0) ("PBFG," "Planet Based
Foods" or the "Company"), a Company that offers a wide
range of hemp-based food alternatives, announced today that it will
partner with Green Spoon Sales ("Green Spoon") to help
stimulate U.S. retail growth. This strategic partnership aims to
leverage Green Spoon Sales' expertise and distribution network to
accelerate the presence and availability of the Company's
hemp-based food alternatives across the
United States, further fueling the Company's growth
trajectory.
Green Spoon is a nationwide food and beverage brokerage that
specializes in the natural products industry. Green Spoon
represents disruptive and emerging consumer packaged goods
companies. Green Spoon will additionally manage the headquarter
calls at various corporate locations.
"While we strive to advance our mission of creating delicious,
plant-based foods that are good for people and the planet, we are
looking forward to joining forces with Green Spoon Sales. Their
dedication to ethical business principles and fostering a brighter
future for our communities aligns perfectly with our values,"
states Braelyn Davis, CEO and
Co-Founder of Planet Based Foods. "Through this partnership, we aim
to magnify our influence and make sustainable, plant-based choices
accessible to an even larger audience."
Green Spoon's expertise in distributor relations will be
instrumental in the growth of the Planet Based Foods brand. Green
Spoon will act as a distributor relationship facilitator, ensure
the completion and submission of all necessary paperwork from
suppliers, and maintain up-to-date certifications, documents, and
labels uploaded as required.
Following the Company's recent successes in the hemp-based food
alternative space, Planet Based Foods has experienced a surge of
interest from natural food and other retailers, representing
hundreds of stores across the United
States, in addition to a robust e-commerce pipeline. To
sustain the Company's growth trajectory, Planet Based Foods may
seek the support of industry experts such as Green Spoon to elevate
the Company to the next echelon.
Planet Based Foods Announces RSU
Grants
The Company announces that the Board of Directors has approved
the grant of an aggregate of 2,470,000 restricted share units
("RSUs") under the Company's restricted stock unit plan (the
"Plan") to directors, officers, employees and consultants of
the Company. The RSUs vest immediately and expire on December 1, 2026. The Plan was approved by the
shareholders of the Company on July 22,
2021."
About Planet Based
Foods
PBFG, through its wholly-owned subsidiary in San Diego, California, Planet Based Foods, is
a producer of sustainable plant-based food alternatives. 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 foods 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 aims to establish hemp as a nutrient-dense
protein source to 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 food
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 in the future. 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 place undue
reliance on the Company's forward-looking statements.
The Canadian Securities Exchange does not accept responsibility
for the adequacy or accuracy of this news release.
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SOURCE Planet Based Foods