VANCOUVER, British Columbia, March 08, 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 its Nabati Plant Eggz™ are now available in 14 Fortinos supermarkets in Ontario.
Fortinos is a Canadian supermarket chain founded 1961 in Hamilton, Ontario and is one of Loblaw’s banners known for its good, fresh food, and competitive prices. Fortinos has 23 locations across Ontario. “We are excited about this new listing and looking forward to having our product in all 23 locations to make our innovative egg alternative available for consumers,” said Ahmad Yehya, COO and Director.
Restricted Share Unit Grant
The Company announces the grant of restricted share units (each an “RSU”) pursuant to the Company’s restricted share unit plan. Effective March 8, 2022, the Company has granted an aggregate of 300,000 RSUs to an employee of the Company. The RSUs vest immediately and all of the RSUs (and any common shares issuable upon redemption) will be subject to applicable securities law hold periods.
Nabati Foods is sold globally via grocery, foodservice, industrial, and eCommerce channels. All its products are plant based, vegan, kosher, gluten-free and non-GMO.
Find Nabati Foods products at a location near you here: https://www.nabati.ca/a/store-locator
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: ir@nabatifoods.com
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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.
