VANCOUVER, British Columbia, Jan. 19, 2022 (GLOBE NEWSWIRE) -- Nabati Foods Global Inc. (CSE: MEAL) (FSE:7UW) (“Nabati Foods” or the “Company”), a plant-based food technology company offering whole, natural, plant-based foods for health conscious consumers, is announcing that Nabati Plant Eggz™, its proprietary, plant-based liquid egg alternative and Nabati Cheeze are now for sale in 189 The Grocery Outlet locations across California.
The Grocery Outlet has supplied customers, retailers, and distributors for over 20 years with a wide range of high quality, competitively priced products.
“We are thrilled to be partnering with The Grocery Outlet to expand access for our customer base in the California market,” said Nabati Foods Interim CEO, Michael Aucoin.
Nabati Plant Eggz™ is the only plant-based liquid egg alternative made by a Canadian company, and the only plant-based liquid egg alternative that is free of both soy and gluten. It offers the same consistency, taste, and texture as a traditional chicken egg, but is made using lupin and pea protein. It is sold in liquid form in 355ml bottles. Each serving of Nabati Plant Eggz™ has just 100 calories, with six grams of protein, two grams of fibre, and no cholesterol. The product is also high in vitamin a, vitamin e, riboflavin, niacin, vitamin b12, and pantothenic acid. Nabati Cheeze Shreds are sold in 320 gram (11.28 ounce) packages. Each ¼ cup serving has only 70 calories, is low in sodium, and has zero cholesterol or sugar.
All Nabati Foods products are kosher, vegan, egg-free, dairy-free, gluten-free, and non-GMO.
Find Nabati Foods products at a location near you here: https://www.nabati.ca/a/store-locator
DTC Eligibility
The Company is also pleased to share that its OTCPK listed common shares under the symbol MEALF are now eligible for electronic clearing and settlement through the Depository Trust Company ("DTC") in the United States.
The DTC is a subsidiary of the Depository Trust & Clearing Corporation and manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through DTC are considered "DTC eligible." This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors and brokers, enabling the stock to be traded over a much wider selection of brokerage firms by coming into compliance with their requirements.
About Nabati Foods Global Inc.
Nabati Foods Global Inc. is the owner of Nabati Foods Inc. (“Nabati Foods”), a family-founded food technology company offering whole, natural, plant-based, gluten, and soy-free foods for health-conscious consumers. Nabati Foods was founded in 2014 and has four signature product lines including dairy-free cheesecakes, cheese alternatives, plant-based meats, and a plant-based liquid egg alternative. Nabati Foods products are distributed throughout Canada, the U.S., and internationally through eCommerce, grocery, foodservice, and industrial channels. Learn more: https://invest.nabatifoods.com/
ON BEHALF OF THE BOARD OF DIRECTORS:
Michael Aucoin
Interim CEO
For investor or media inquiries or further information, please contact:
Greg Foofat
Director, Investor Relations
Email: ir@nabatifoods.com
Telephone: 780-800-6624
Find Nabati on Social Media: on Instagram, Facebook, Twitter and LinkedIn
No securities regulatory authority has either approved or disapproved of the contents of this news release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities of Nabati in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws. Accordingly, the securities may not be offered or sold within the U.S. or to U.S. persons (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws, or pursuant to exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws.
Disclaimer for Forward-Looking Information
This news release includes certain forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “objective”, “may”, “will”, “project”, “should”, “believe”, “plans”, “intends” and similar expressions are intended to identify forward-looking information or statements. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Forward-looking information in this news release includes statements concerning the Company’s general business plans. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Factors that could materially affect such forward-looking information are described in the risk factors in the Final Prospectus, and the schedules attached thereto, that are available on the Company’s profile on SEDAR at www.sedar.com.
Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking statements included in this news release are expressly qualified by this cautionary statement. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable laws.
