VANCOUVER, BC – Modern Plant-Based Foods Inc., (CSE: MEAT) (” Modern Plant Based Foods “) or (the “Company “), a premier plant-based food company, announced that its subsidiary Modern Meat has entered into a partnership to supply plant-based meat products to the Carbone Restaurant Group (“CRG”), a leading restaurant group and brand incubator with quick-service concepts including ghost kitchens.
Canadian owned and operated, CRG developed the FAST FIRED by Carbone pizza brand known for its fresh, authentic, sustainable tailored-made pizzas. FAST FIRED by Carbone is actively franchising restaurants across Canada with plans to open up to 100 new franchises over the next several years.
FAST FIRED by Carbone restaurants offer Modern Meat Crumble and are working towards three new plant-based menu items for launch this summer.
“We are thrilled to be chosen as the plant-based alternative of choice for Carbone Restaurant Group, said Tara Haddad, Founder and CEO of Modern Plant-Based Foods. “They are fast-growing company reshaping the restaurant landscape. CRG has a strong growth plan and is backed by a management team with a proven record of success led by CEO and Founder Benjamin Nasberg. We expect to see joint growth and success over the coming months.”
CRG is well-positioned to be ahead of the curve for new innovations and has partnered with some of the world’s leading high tech food innovators. As well as quick service restaurants, the company is investing in robotic pizza vending machines and the related technology, and is a leader in ghost kitchen brands which are App driven takeout and delivery restaurants. With no front of house, ghost kitchens can be set up almost anywhere, even in shipping containers.
“Consumers are looking for high quality artisan pizzas made with the freshest ingredients and that include plant-based alternatives,” says CRG’s Benjamin Nasberg. By combining our expertise and success in the food service industry with Modern Meat’s focus on premium authentic ingredients we can take advantage of many synergies, provide customers with the best plant-based pizzas, and enjoy a very fruitful relationship.”
“Our effort to establish our brand nationwide continues to gain momentum. We are excited about the opportunity to launch our products further through CRG’s various concepts. By partnering with CRG, Modern Meat is showing an extraordinary commitment to both its customers and broader innovative initiatives,” explains Tara.
The Company would like to also announce that it has retained Media Relations Publishing for 300,000 euros. Media Relations Publishing has been engaged for advisory services for increasing brand awareness for the company. Certain services to be provided by Media Relations Publishing are anticipated to include investor relations activities under the policies of the CSE and applicable securities laws. The Company is planning to spend an additional 300,000 euros for brand awareness in the future.
About Carbone Restaurant Group
Carbone Restaurant Group (CRG) is an industry-leading restaurant group with a portfolio of various ghost kitchen brands, quick-service franchises, and robotic restaurant concepts. The company utilizes data-driven insights underpinned by rigorous market research to deploy new and innovative restaurant concepts that can scale rapidly with the support of CRG’s global network of strategic partners. The company has recently pivoted towards a model that will enable CRG to quickly ramp up its quick service brick and mortar franchises, robotic restaurants, and ghost kitchens, while maintaining its focus on quality, customization, and convenience. With 4 active locations and over 10 locations in early development, CRG is well positioned to see exponential growth in the near-term and become a leader in the Quick-Service Restaurant (QSR) market. CRG has a proven and experienced management team with over 40 years of combined experience in business development, marketing, and franchising.
For more information, please visit carbonerestaurantgroup.com and fastfired.ca
About Modern Plant-Based Foods
Modern Plant-Based Foods is a Canadian food company based in Vancouver, British Columbia that offers a portfolio of plant-based products including meat and dairy-free alternatives, soups, and vegan snacks. Our products are available at select restaurants and retailers across Canada including our own Modern Wellness Bars located in Vancouver. We take a holistic approach to plant-based living and understand the importance of providing nutritious and sustainable alternatives to consumers without sacrificing taste. We want people to feel good about the food they eat which is why we are deliberate in choosing ingredients free of soy, gluten, nuts and GMOs.
Our mission is to change the way food is produced and consumed for the benefit of people, animals, and the environment by using natural 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: the Company and the Company’s business and prospects; the Company’s objectives, goals or future plans; the Company’s sales growth, planned expansion, awareness of the Company’s brands, future sales and revenue growth, market size estimates and projections, the sales and growth potential of the partnership with CRG, 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 ability to obtain retail partners to distribute Company products, 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.
