Over the next 10 years, the plant based food market could soar to $162 billion from $30 billion, says Bloomberg Intelligence, or about 7.7% of the expected $2.1 trillion global protein market. “Food-related consumer habits often come and go as fads, but plant-based alternatives are here to stay – and grow,” BI’s Senior Consumer Staples Analyst Jennifer Bartashus said as quoted by The Beet. “The expanding set of product options in the plant-based industry is contributing to plant alternatives becoming a long-term option for consumers around the world.” Along the way, grocery stores and restaurants may also play a pivot role in driving long-term plant based food growth. All are powerful catalysts for plant based companies, such as Komo Plant Based Foods (CSE:YUM)(OTCQB:KOMOF), Guru Organic Energy Corp. (TSX:GURU)(OTC:GUROF), Blender Bites Ltd. (CSE:BITE), Vejii Holdings Ltd. (CSE:VEJI), and Tattooed Chef Inc. (NASDAQ:TTCF).
Komo Plant Based Foods (CSE:YUM)(OTCQB:KOMOF) to Launch Home Delivery Across Canada
Komo Plant Based Foods Inc., a premium plant-based food company, is pleased to announce that on October 26, 2021 it entered into an agreement with Vejii, a plant-based online marketplace, to enable online orders of Komo Foods through the shopvejii.com platform throughout Canada. Komo anticipates its products will be available through Vejii in early December 2021.
Vejii is a digital marketplace offering thousands of plant-based and sustainable-living products, from hundreds of vendors in a centralized, online shopping experience. The Vejii marketplace was built for rapid scale allowing brands to reach national exposure utilizing Vejjii's existing infrastructure of data, tech, marketing and logistics. The company has created a unique consolidated platform for a community of ethically-aligned consumers, with the intention of bettering our planet by supporting sustainable living. Vejii is inspired by purpose and driven by data. Customers can order with same day delivery in BC and Vejii is aiming to expand this service to the Greater Toronto Area.
“We’re excited to have Komo Comfort Foods on board Vejii’s online plant-based marketplace,” says Darren Gill, President and COO Vejii Holdings Ltd (CSE: VEJI). “Komo offers a unique assortment of wholesome and family-size comfort classics that would add to our selection of frozen meals.”
“We are looking forward to making online ordering available for Komo across all provinces in Canada through Vejii,” says Komo operating subsidiary CEO Jeffrey Ma. “The Vejii platform is a one-stop shop for vegan products and is a great channel for consumers looking for delicious plant-based comfort food to discover the Komo brand.”
Other related developments from around the markets include:
Guru Organic Energy Corp., Canada’s leading organic energy drink brand, announced the addition of GURU Guayusa Tropical Punch to its growing, plant-based energy drink family. Inspired by the Jivaro people of Ecuador and concocted in Quebec, Canada, GURU Guayusa Tropical Punch is infused with natural and organic energy-boosting ingredients. “Innovation is an integral part of our growth strategy. We are very excited by this new product launch, which is yet another step in solidifying our leadership position in the organic plant-based energy drink market,” said Carl Goyette, President and CEO of GURU. “Last year, we introduced Yerba Mate, and Matcha the year before, which both became top products in our lineup, driven by strong demand for their healthy, plant-based ingredients and delicious flavour profiles. We are now bringing in Guayusa Tropical Punch, which will complement our growing line of differentiated organic energy drinks that deliver good energy, and which has already garnered strong interest from our pre-launch activities.”
Blender Bites Ltd., a Canadian company that develops and markets premium frozen organic and plant-based pre-portioned smoothie products, announces the launch of new Power Berry, Vita-Smoothie, and Green D-Tox superfood pucks under Sobeys Inc.'s three major grocery retail banner stores. Sobeys was one of the first grocery chains in Canada to carry the Blender Bites' brand and has been a reseller of Blender's original Greens and Berries, as well as Greens and Tropicals formulations of superfood smoothie pucks for over a year. Sobeys is Canada's second largest grocery chain and has over 1,500 corporate and franchised locations. With the moto "We are a family nurturing families," Sobeys is committed to nurturing customers through the provision of exceptional shopping and food experiences and putting their needs and their families' needs first. Staying true to this moto, Sobeys is set to launch Blender's reformulated and improved smoothie innovations in its Sobeys, Safeway, and Thrifty Foods banner stores.
Vejii Holdings Ltd., a North American online plant-based and sustainable products marketplace, is now trading on the CSE under the symbol "VEJI", and the Company is pleased to share the following updates. This follows on the heels of Vejii's successful acquisition of a leading online retailer of vegan grocery products, Veg Essentials LLC ("Vegan Essentials" or "VeganEssentials.com"). The acquisition provides Vejii with access to a second strategically located warehouse in the US, as well as over 20 years of consumer insight, data, and buying power. The companies have a combined subscriber list of over 130,000 across North America and Europe. The Company plans to consolidate its logistics, marketing and buying with Vegan Essentials to increase efficiencies and margins between the two companies. As previously disclosed on April 15 2021, Vegan Essentials brings over 3.5M CAD of revenue to Vejii Holdings Ltd based on its 2020 unaudited financials
Tattooed Chef Inc., a leader in plant based foods, announced financial results for the three and nine months ended September 30, 2021. “We are pleased with our third quarter results with record revenue driven by our Tattooed Chef branded products,” said Sam Galletti, President and CEO of Tattooed Chef. “Tattooed Chef is now a top 10 brand across the club, grocery and mass channels in the categories in which we compete. Our branded products are now in over 13,000 stores nationwide as we have executed on our plan to diversify both channel and customer mix. Looking ahead, we believe we are well positioned to execute on our growth strategy with tremendous momentum entering 2022 and beyond.”
Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Komo Plant Based Foods has paid three thousand five hundred dollars for advertising and marketing services to be distributed by Winning Media. Winning Media is only compensated for its services in the form of cash-based compensation. Winning Media owns ZERO shares Komo Plant Based Foods Please click here for full disclaimer.
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