VANCOUVER, BC – Modern Meat Inc., (CSE: MEAT) (” Modern Meat “) or (the ” Company “), an award-winning plant-based meat manufacturer, is pleased to announce that it has entered into an agreement with premier food distributor Legends Haul, who will be retailing Modern Meat products through its retail e-commerce, and retail and food service distribution channels. The agreement is expected to help the Company gain significant awareness and distribution within British Columbia.
Legends Haul is one of BC’s premier food distributors with a focus of locally made in season food and produce. Specifically, focusing on simply good, wholesome foods with ingredients that fuel the body and mind providing a elevated grocery experience. Currently, Legends Haul has over 225,000 users that transacted over 40,000 times over its last quarter. In addition to its retail and online presence, Legends Haul has 12 delivery trucks that service its order flow within British Columbia.
“Legends Haul has been a long-targeted account for our company. Its principals and significant distribution channels make it one of the best partners we can find locally. Being able to team up with Legends Haul will significantly grow the Company’s local footprint,” states Chris Parkinson, Brand and Relationship Manager for Modern Meat.
“I’m very pleased with our sales staff in securing another great partner to work with, Legends Haul is a great example of a distribution company that we have synergies to do business with. Over the next coming months, our company will be going through some exciting growth locally and globally and this is a step in the right direction,” states Tara Haddad, Founder and CEO of Modern Meat.
About Modern Meat
Modern Meat is a Canadian food company based in Vancouver, British Columbia that offers a portfolio of plant-based meat products. Modern Meat recognizes the importance of providing consumers nutritious and sustainable meat alternatives without sacrificing taste. We are deliberate in choosing ingredients free of soy, gluten, nuts and GMO’s. Our mission is to change the way food is produced and consumed for the benefit of people, animals and the environment by using only natural 100% plant-based ingredients.
Cautionary Statement Regarding Forward-Looking Information
This news release includes certain “forward-looking statements” and “forward-looking information” under applicable Canadian securities legislation that are not historical facts. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements with respect to: Modern Meat and Modern Meat’s business and prospects; the Company’s objectives, goals or future plans; Modern Meat sales growth, planned expansion, awareness and distribution of the Modern Meat brands through Legends Haul, the future sales and revenue growth, and the business, operations, management and capitalization of the Company. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic and social uncertainties; local and global market and economic uncertainties arising in respect of the COVID-19 pandemic; litigation, availability of key product ingredients, legislative, environmental and other judicial, regulatory, political and competitive developments; the ability to effectively expand manufacturing and production capacity; the success of market initiatives and the ability to grow brand awareness; the ability to attract, maintain and expand relationships with key strategic restaurant and food service partners; our ability to predict consumer taste preferences; delay or failure to receive regulatory approvals; the sufficiency of our cash to meet liquidity needs; those additional risks set out in the Company’s public documents filed on SEDAR at www.sedar.com; and other matters discussed in this news release. Accordingly, the forward-looking statements discussed in this release may not occur and could differ materially as a result of these known and unknown risk factors and uncertainties affecting the Company. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
