Modern Plant Based Foods Inc., (CSE: MEAT) ("Modern Foods") or (the "Company"), an award-winning plant-based food company is pleased to report that Modern Meat Inc., ("Modern Meat"), a portfolio company of Modern Plant-Based Foods, has made significant positive progress on expanding production capabilities with a copacker in Saskatchewan. The management team has completed initial testing on prototypes and aims to move forward with initial production runs in the next few months. This improvement to production capacities will allow Modern Meat to sufficiently supply its Modern Seafood products to larger-scale restaurants and retailers. The Company expects to see increased demand due to the competition in the plant-based industry beginning to shrink.
The Company has been in the research and development phase with the co-packer for several months to ensure the facility is able to produce the quality and requirements for the Modern products, specifically for innovative items in the portfolio such as its Modern Crab Cake. "We have arguably some of the best quality/complex plant-based meat analogues on the market and remain steadfast to our commitment on quality standards." states Avtar Dhaliwal, CEO of Modern Plant-based Foods. The Modern Meat portfolio consists of high-quality artisanal plant-based protein based "meat" products. The production process is integral to developing the Company's recipes to a sufficient standard. Mr. Dhaliwal continues: "We are now seeing a major shift as many plant-based companies begin to deviate from their initial trajectory. We are here to stay. I am pleased to report the progress we have made with this new copacker as completion of the project will allow us to expand further into the global plant-based fish market and supply high quality products to large scale outlets."
Click here to see more...