Nabati Foods Expands Distribution to Asia and Beyond
We are on a mission to lead the evolution of food, and that means expanding our geographic footprint beyond North America, Nabati Foods CEO Ahmad Yehya said.
VANCOUVER, British Columbia, June 11, 2021 (GLOBE NEWSWIRE) -- Nabati Foods Global Inc. (CSE: MEAL Reserved) (“Nabati Foods” or the “Company”), a plant-based food tech company offering whole, natural, plant-based foods for health-conscious consumers, is announcing that its products are now available in Hong Kong, the Virgin Islands, and Hawaii.
Nabati Foods dairy-free chocolate cheesecake will be available in Natures Village in Hong Kong, a health food and lifestyle chain that has seven locations in the metro Hong Kong area, which is home to 7.6 million people. Google trends indicate a more than 250% increase in searches for “vegan” in Hong Kong in the last five years. The total “flexible vegetarian population in Hong Kong is estimated at nearly 24%, according to a 2019 report from Statista.
“We are on a mission to lead the evolution of food, and that means expanding our geographic footprint beyond North America,” Nabati Foods CEO Ahmad Yehya said. “We’re thrilled to partner with such a strong, well established, healthy living brand like Natures Village to make our debut in the lucrative Asian market.”
Nabati Foods’ dairy free cheesecakes are also now available at Quality Food St. Croix in the U.S. Virgin Islands, and at Down to Earth locations across Hawaii.
Nabati Foods products are made with whole, natural ingredients and are kosher, vegan, and do not contain refined sugar or GMOs.
“Nabati Foods remains committed to ensuring our production processes and supply chain is created with sustainability and environmental health and wellness in mind,” Yehya said. “We look forward to these new opportunities to share our vision of healthy mouthwatering meals that bring people together from the tropical waters of the Atlantic, to the sunshine in the Pacific, and to the kitchen tables in bustling Hong Kong.”
Nabati Foods products are now available in more than 700 stores in the U.S. in addition to the new locations in Hong Kong, Hawaii, and St. Croix.
Find a store selling Nabati Foods products here: https://www.nabati.ca/a/store-locator
Subscribe to updates about Nabati Foods here: https://invest.nabatifoods.com/
About Nabati Foods Global Inc.
Nabati Foods Global Inc. is the owner of Nabati Foods Inc. (“Nabati”), a family-founded food tech company offering whole, natural, plant-based, gluten, and soy-free foods for health-conscious consumers. Nabati was founded in 2014 and has four signature product lines including dairy-free cheesecakes, cheese alternatives, and plant-based meats. Nabati products are distributed in Canada and the U.S. through grocery, foodservice, and industrial channels. Learn more: https://invest.nabatifoods.com/
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Disclosure and Caution
Completion of the financing is subject to a number of conditions, including ensuring the financing and listing application are compliant with CSE requirements. The transaction cannot close until the required conditions are satisfied and required approvals are obtained. There can be no assurance that the financing will be completed as proposed or at all. Trading in the securities of the Company should be considered highly speculative – there is no active market for Company’s securities at this time. No regulatory body has reviewed or approved the terms to this financing.
This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors - including the ability to complete the financing, the ability to satisfy the conditions required and approvals needed to complete the transaction, availability of funds and the results of financing efforts, - that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time on SEDAR (see www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
The securities referred to in this news release have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States unless pursuant to an exemption therefrom. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction.
