VANCOUVER, BC / ACCESSWIRE / June 8, 2021 / Komo Plant Based Foods Inc. (CSE:YUM) ("Komo" ("Company"), is pleased to announce commencement of trading under the symbol CSE:YUM. Following the completion of a reverse merger transaction (the "RTO"), Komo Plant Based Comfort Foods Inc. ("Komo") is now a wholly owned subsidiary of the Company.
Komo is an emerging plant-based food company that develops, manufactures, markets and sells a variety of plant-based frozen meals. Komo's mission is to share the love of plant based foods through easy, wholesome and hearty favourites. It recreates vegan versions of traditionally cheesy and meaty classics with its Lasagna, Shepherd's Pie and Chick'n Pot Pie, made with 100% plants.
Komo's products are sold direct-to-consumer through its eCommerce website and a distribution network of online and brick and mortar grocery, convenience and natural retailer channels. Its dedication to taste and quality are apparent in its customer reviews. To see over 50 - five star reviews from verified buyers, visit https://komocomfortfoods.com/pages/reviews.
Komo has an experienced development team led by Jeffrey Ma, the CEO and President. Jeffrey has 9 years experience in the plant-based food industry. He was the Research and Development Project Lead at Daiya Foods Inc. for 4 years while the company grew to the #1 Plant-based cheese brand in North America. While at Daiya from 2012 to 2015, he led a cross-functional team to create new plant-based products, including the Daiya dairy-free mac & cheese which was a first-of-its-kind in the marketplace and was named PETA 2015 Best New Vegan Food Item. He also worked on innovative plant-based offerings in Daiya's product portfolio including dairy-free yogurt, frozen pizza, cheese blocks and cream cheese. In 2017, Otsuka Pharmaceutical Co., purchased Daiya Foods for $405 million dollars.
"We're pleased that Komo Comfort Foods is now listed on the CSE. As a public company, this allows like minded consumers and investors to join us on our mission to share the love of plant-based foods," says Komo CEO Jeffrey Ma, "At Komo, we believe that what is on our plates everyday has a significant impact on the planet, people and animals. We believe plant-based eating is the future of food and aspire that through our brand and foods, more people can enjoy delicious vegan favourites without sacrificing wholesomeness and heartiness. Product innovation will be at the core and care of our company and we look forward to sharing more about our exciting plans soon."
Jeffrey was the Research & Innovation Manager at Vancouver-based protein shake, snack bar and supplement maker VEGA (Danone Company) for 3 ½ years, team leader while the company grew to the #1 Plant-based Protein Powder brand in North America. While at Vega from 2015 to 2019, Jeffrey was awarded Operations Member of the Year 2016 through successful launch and extension of Vega's nutrition bar portfolio. He managed a team of five product developers to deliver Vega's Innovation and Renovation roadmap, leading to renovation of 80% of Vega's product portfolio and launching a new ready-to-drink and bars platform. Organic Foods producer WhiteWave Foods acquired Vega for USD$550 million in 2015 and then in 2016 Danone acquired WhiteWave Foods (with multiple brands including Vega) in a deal worth US$12.5 billion. Jeffrey has a Bachelor of Food Science degree from the University of British Columbia ("UBC") and he has an MBA from UBC.
Adjya Djoko is Senior Director, Operations & Food Safety, Komo Comfort Foods. Adya has 13 years of experience in the food industry. She worked at Daiya Foods Inc. from 2012 to March 2021. Her most recent position at Daiya Foods was as the Director of Food Safety & Quality Assurance, where she managed a team of 24 individuals in quality and regulatory affairs. In that role, she drove continuous improvement projects to keep up with a highly dynamic product development schedule and aggressive international expansion strategies. She is an expert in agile new product launches and commercialization. Adya has a Bachelor of Science in Food, Nutrition and Health from UBC.
Frédéric Gagné, the Director of Culinary Development for Komo, was culinary trained in Quebec, Canada, and he has been a professional plant based chef for 20 years. Chef Fred worked as the Executive Chef for one of Canada's largest restaurants, SteamWorks, with a team of 42 chefs, for approximately 13 years and has expertise in the development and improvement of food service operations, including menus, food safety, costs & profitability. Chef Fred values the importance of sourcing sustainable ingredients and enjoys creating delicious plant-based dishes. As a vegan chef, he brings enthusiasm, creativity and a social awareness to everything he does.
Following the RTO, the management of the Company remains the same, with William White as President and CEO, Rick Huang as the CFO, and the directors are Daniel Kang, Angelo Rajasooria and Spiros Margaris. Jeffrey Ma is the President and CEO of the wholly owned operating subsidiary, Komo Plant Based Comfort Foods Inc.
For more details on the RTO, including the pre-closing completion of non-brokered concurrent financings of units by both the Company and Komo Comfort Foods, a debt settlement and option grant by the Company, please refer to the Company's news releases dated February 8, April 13, April 21, and June 7, 2021.
Komo Plant Based Foods Inc. is an emerging plant-based food company that develops, manufactures, markets and sells a variety of plant-based frozen meals. At Komo, our mission is to share the love of plant-based foods through products that are always hearty, satisfying, and made with wholesome ingredients. Our experienced plant-based innovation and development team recreate vegan versions of traditionally cheesy and meaty classics, with 100% plants. Komo's products are sold direct-to-consumer through our eCommerce website and a distribution network of online and brick and mortar grocery, convenience and natural retailer channels. Komo Comfort Foods launched in 2021 with our flagship products: plant-based Lasagna, Shepherd's Pie and Chick'n Pot Pie.
Learn more at: www.komocomfortfoods.com and follow on Instagram: @komocomfortfoods
For more information on Komo Comfort Foods, go to ir.komocomfortfoods.com
William White, President & CEO
The Canadian Securities Exchange has not reviewed, approved or disapproved the contents of this news release.
Cautionary Statement Regarding Forward-Looking Statements
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or Komo's future performance. The use of any of the words "could", "expect", "believe", "will", "projected","estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Komo's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, Komo's drug development plans, its ability to retain key personnel, and its expectation as to the development of its intellectual property and other steps in its preclinical and clinical drug development constitute forward-looking information. Actual results and developments may differ materially from those contemplated by forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information. The statements made in this press release are made as of the date hereof. Komo disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws.
SOURCE: KOMO Plant Based Foods Inc.
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Released June 8, 2021