Vancouver, British Columbia - TheNewswire - August 2, 2023 - Plantify Foods, Inc. (TSXV:PTFY) ("Plantify Foods" or the "Company"), an innovative global food tech company focused on production and development of healthy, clean-label, plant-based packaged food products, announces that after a successful tenure leading the Company, Dr. Borochov has made the personal decision to step down from his role as Chief Executive Officer (“CEO”) and as a Director effective August 31, 2023. Plantify Foods’ Board of Directors will initiate an extensive search to find a new CEO, who will lead the Company along its growth trajectory.

"On behalf of the Board, we thank Dr. Borochov for his dedicated service and leadership in driving Plantify’s growth and innovation,” said Rowland Wallenius, Chairman of the Board. “We wish him well in his next endeavour and we are committed to ensuring a seamless transition of leadership and resources to continue to scale the business globally.”

About Plantify Foods, Inc.

Plantify Foods, Inc., through its wholly owned Israeli subsidiary, is active in the food tech sector, focused on the development and production of clean-label plant-based products. Plantify’s unique technology allows for the production of plant-based meat alternatives, dips, and snacks, with natural ingredients familiar to consumers that are free of preservatives, free of common food allergens, are GMO-free and enjoy the same or longer shelf life than most preservative-containing products of the same category. Plantify is also engaged in developing functional foods with health benefits supported by independent testing that it anticipates will enable it to make health claims under US Food and Drug Administration and Canadian Food Inspection Agency regulations. Plantify currently sells its products in Israel, Europe and North America.

If you have any questions or need more information, feel free to reach out to us at ir@plantifyfoods.com.

Contacts

Gabriel Kabazo

Chief Financial Officer and Corporate Secretary

Phone: (778) 601-8420

Email: ir@plantifyfoods.com

Caroline Sawamoto

Investor Relations

Email: ir@plantifyfoods.com

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