Feel Foods Signs Letter of Intent to Acquire Vegan Food Company “Plantastic Food Inc.”
Feel Foods Signs Letter of Intent to Acquire Vegan Food Company “Plantastic Food Inc.”
VANCOUVER, British Columbia, Nov. 04, 2021 (GLOBE NEWSWIRE) -- FEEL FOODS LTD. (the "Company" or "Feel Foods") (CSE: "FEEL") (OTC: "FLLLF") (FSE: "1ZF") is pleased to announce that it has entered into a Letter of Intent (the "Agreement") with Plantastic Food Inc. ("Plantastic"), a British Columbia based vegan food company, and the shareholders of Plantastic to acquire all of the issued and outstanding common shares of Plantastic (the "Acquisition").
温哥華，不列顛哥倫比亞省，2021年11月4日(環球通訊社)感覺食品有限公司。(“公司”或“感受食品”)(CSE：“感覺”)(場外交易：“FLLLF”)(證券交易所：“1ZF”)欣然宣佈，該公司已簽訂意向書(“該意向書”)。協議書“)與Plantastic Food Inc.(”植物性的)和Plantastic的股東收購Plantastic的全部已發行普通股和已發行普通股(Plantastic)，該公司是一家總部位於不列顛哥倫比亞省的素食食品公司。採辦").
Founded in 2019, Plantastic and its unique plant-based products are currently offered in twenty-two (22) "bricks and mortar" locations throughout British Columbia as well as multiple online marketplaces and direct to consumer from Plantastics' e-commerce website at: www.plantasticfood.ca
Plantastic成立於2019年，其獨特的植物性產品目前在不列顛哥倫比亞省的二十二(22)個“磚頭和砂漿”地點以及多個在線市場提供，並通過Plantastics的電子商務網站直接提供給消費者，網址為：www.Plant asticfood.ca。
Plantastic offers a variety of delicious plant-based cheesecakes including Cappuccino, Chocolate, Lemon, Pumpkin Spice, and Strawberry flavors as well as its Three-Bean Chipotle and Kale-O-Mania plant-based burgers.
Plantastic提供各種美味的植物性奶酪蛋糕，包括卡布奇諾(Cappuccino)、巧克力、檸檬、南瓜香料和草莓口味，以及三豆Chipotle和甘藍(Kale-O-Mania)植物性漢堡。
A Media Snippet accompanying this announcement is available by clicking on the image or link below:
單擊下面的圖像或鏈接即可獲得此公告附帶的媒體片段：
Feel Foods Director and CEO David Greenway states: "We are thrilled to be working towards bringing Plantastic into our rapidly growing plant-based family of companies at Feel Foods. Plantastic's unique and delicious line of plant-based cheesecakes are my personal favorite desert, and the plant-based burgers compliment our existing lines of Black Sheep Vegan Cheeze. Feel Foods intends to work closely with Plantastic to grow sales, increase market exposure, and expand distribution throughout Canada and the US while continuing to create new and exciting plant-based offerings."
Feel Foods董事兼首席執行官大衞·格林威表示：我們很高興能將Plantastic帶入我們Feel Foods快速發展的植物性系列公司。Plantastic獨特而美味的植物性芝士蛋糕系列是我個人最喜歡的甜點，植物性漢堡是對我們現有的黑羊素食Cheeze系列的補充。Feel Foods打算與Plantastic密切合作，增加銷售額，增加市場曝光率，並擴大在加拿大和美國的分銷，同時繼續創造新的、令人興奮的植物性產品。“
Plantastic Food founder Sanit Jain states: "We have found a perfect fit in the Feel Foods family that aligns with Plantastics' values and vision and will allow our current offerings and new in-development products to reach many more health-conscious consumers. Plantastic offers great tasting non-dairy cheesecakes so that desert lovers can have their cake and eat it too, while being part of a movement towards a plant-based world, that benefits health, the environment and the animals."
Plantastic Food創始人Sanit Jain表示：“我們發現Feel Foods家族與Plantastics的價值觀和願景非常契合，將讓我們現有的產品和正在開發的新產品接觸到更多注重健康的消費者。Plantastic提供美味的非乳製品芝士蛋糕，這樣沙漠愛好者也可以吃到他們的蛋糕，同時也是邁向以植物為基礎的世界運動的一部分，這對健康、環境和動物都有好處。”
Vegan entrepreneur Mr. Sanit Jain who started to company due to his personal plant-based success and recovery story. After losing his father to a heart attack stemming from high cholesterol, and finding that he too had very high cholesterol, Saint ventured to find alternatives to pharmaceuticals to manage his cholesterol and be healthier.
素食企業家Sanit Jain先生，由於他個人在植物方面的成功和恢復故事，他開始創辦公司。在他的父親死於高膽固醇引起的心臟病發作，並發現他也有非常高的膽固醇後，聖德冒險尋找藥物的替代品來控制他的膽固醇，讓他更健康。
Plantastic is based on the idea that if we can help more people have access to healthy choices without compromising on taste and texture, we would have made a positive impact on the community. Every decision we make at Plantastic, every product we launch, community health and wellness are top of mind. We neither compromise on the quality of ingredients nor method of preparation, rest assured that Plantastic products are prepared with the best quality and noble intentions.
Plantastic的理念是，如果我們能幫助更多的人在不影響口味和質地的情況下獲得健康的選擇，我們就會對社區產生積極的影響。我們在Plantastic做出的每一個決定，我們推出的每一種產品，社區健康和健康都是我們最關心的問題。我們在配料質量和製作方法上都毫不妥協，放心，Plantastic的產品都是用最好的品質和高尚的用心來製作的。
The plant-based food market is expected to grow at a CAGR of 11.9% from 2020 to 2027 to reach $74.2 billion by 2027. The growth of this market is mainly attributed to the factors such as increasing incidence of intolerance for animal protein, growing urbanization with new consumer aspirations, increasing vegan population, and significant venture investments in this sector. *
從2020年到2027年，植物性食品市場預計將以11.9%的複合年增長率增長，到2027年將達到742億美元。這一市場的增長主要歸因於以下因素：對動物蛋白不耐受的發生率增加，隨着新的消費者願望而不斷增長的城市化，素食人口的增加，以及該領域的重大風險投資。*
Terms of the Agreement
協議條款
Pursuant to the terms of the Agreement, on closing of the Acquisition (the "Closing"), the Company will acquire all of the issued and outstanding common shares of Plantastic (the "Plantastic Shares") under terms to be negotiated and outlined in a subsequent Definitive Agreement following the completion of due diligence by Feel Foods.
根據該協議的條款，收購完成時(“結業)，本公司將收購Plantastic的全部已發行和已發行普通股(植物性的 股票“)在Feel Foods完成盡職調查後，將在隨後的最終協議中協商和概述條款。
The Acquisition is subject to certain conditions, including: (i) the completion of satisfactory due diligence; (ii) the receipt of all necessary consents, waivers and approvals, including the approval of the CSE, as applicable; (iii) the entry of the Consulting Agreements; (iv) there having been no material adverse effect occurring with respect to the Company or Plantastic; and (v) other closing conditions customary for transactions of this nature.
收購須受若干條件規限，包括：(I)完成令人滿意的盡職調查；(Ii)收到所有必需的同意、豁免及批准，包括CSE(視何者適用而定)的批准；(Iii)訂立諮詢協議；(Iv)並無對本公司或Plantastic產生重大不利影響；及(V)此類交易的慣常成交條件。
Following the Closing of a Definitive Agreement, Plantastic Food Inc. will become a wholly owned subsidiary of Feel Foods Ltd.
最終協議結束後，Plantastic食品公司將成為Feel Foods有限公司的全資子公司。
About Feel Foods Ltd.
關於Feel Foods Ltd.
FEEL is an agri-food holdings company focused on innovative products and technologies in the food services industry including its wholly owned Black Sheep Vegan Cheeze Company, offering a variety of 10 unique vegan dairy substitute products and currently available in over 30 retail locations, it's 100% owned Be Good Plant-based Foods line of plant-based chicken, pork and beef products as well as is currently investing in the research and development of keto-friendly plant-based candy products.
Feel是一家專注於食品服務行業創新產品和技術的農業食品控股公司，包括其全資擁有的黑羊素食Cheeze公司，提供多種獨特的10種純素乳製品替代品產品，目前在30多個零售點都有銷售，它擁有100%的股份，擁有BE Good植物性食品系列的雞肉、豬肉和牛肉產品，目前正在投資研發對酮類友好的植物性糖果產品。
Company Contact:
Mr. Joel T Warawa
Corporate Communications
E-mail: jw@feelfoodsco.com
公司聯繫人：Joel T Warawa先生企業通信電子郵件：jw@feelfoodco.com
Corporate Contact:
Website: www.feelfoodsco.com
E-Mail: info@feelfoodsco.com
Instagram: Instagram.com/feelfoodsco
Phone: 604-235-0010
公司聯繫人：網址：www.feelforodco.com電子郵件：info@feelforfoodco.comInstagram：instagram.com/feelect foodsco電話：604-235-0010
Statistics Reference: * https://www.prnewswire.com/news-releases/global-plant-based-food-market-report-2020-2027-rising-industry-concentration-with-growth-in-mergers-and-acquisitions-in-the-plant-based-products-space-301268737.html
統計數據參考：*https://www.prnewswire.com/news-releases/global-plant-based-food-market-report-2020-2027-rising-industry-concentration-with-growth-in-mergers-and-acquisitions-in-the-plant-based-products-space-301268737.html
Disclaimer for Forward-Looking Information
對前瞻性信息的免責聲明
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future, including with respect to: the entry of the Consulting Agreements, the completion of the Acquisition and the acceptance of the Acquisition and terms thereof by the CSE. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including risks related to factors beyond the control of the Company. The risks include the following: the unknown magnitude and duration of the effects of the COVID-19 pandemic, the inability of Feel Foods to close the Acquisition and other risks that are customary to transactions of this nature. There can be no assurance that any forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place any undue reliance on forward-looking information or statements. Feel Foods undertakes no obligation to update forward-looking information or statements, other than as required by applicable law.
本新聞稿中的某些陳述是前瞻性陳述，反映了管理層對公司的期望。前瞻性表述由非純粹歷史性的表述組成，包括有關對未來的信念、計劃、預期或意圖的表述，包括有關以下方面的表述：諮詢協議的簽訂、收購的完成以及CSE接受收購及其條款。這類陳述會受到風險和不確定因素的影響，這些風險和不確定因素可能會導致實際結果、業績或發展與陳述中包含的內容大不相同，包括與公司無法控制的因素有關的風險。風險包括：新冠肺炎疫情影響的規模和持續時間未知，Feel Foods無法完成收購，以及此類交易慣常存在的其他風險。不能保證任何前瞻性信息將被證明是準確的，因為實際結果和未來事件可能與此類陳述中預期的大不相同。因此，讀者不應過分依賴前瞻性信息或陳述。除適用法律要求外，Feel Foods不承擔更新前瞻性信息或陳述的義務。
This press release is not an offer of the securities for sale in the United States. The securities have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from registration. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.
本新聞稿不是對在美國出售的證券的要約。這些證券尚未根據修訂後的1933年美國證券法註冊，在沒有註冊或豁免註冊的情況下，不得在美國發行或出售。本新聞稿不應構成出售要約或徵求購買要約，也不應在任何這樣的要約、徵求或出售將是非法的州出售證券。
The CSE (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.
CSE(由CNSX Markets Inc.運營)既不批准也不反對本新聞稿的內容。
譯文內容由第三人軟體翻譯。