Vancouver, BC - TheNewswire - June 26, 2023 - Plantify Foods, Inc. (TSXV:PTFY) ("Plantify Foods" or the "Company"), through its wholly owned Israeli subsidiary, is an innovative global food tech company focused on production and development of healthy, clean-label, plant-based packaged food products, is pleased to announce that it has shipped the first commercial shipment of its veggie balls product to its new customer, Food Plus, in France, marking Plantify’s entry into a new market in Europe.  

In collaboration with its European partners, Food Plus has been a leading provider of frozen products for over 20 years. They service the food service sector, snacking and retail sectors, and specialize in selecting high-quality bakery, pastry products and sandwich ingredients from across Europe. Food Plus works closely with clients such as wholesalers, restaurant chains, manufacturers and retailers to meet their specific needs. With a focus on excellence and customer satisfaction, Food Plus continues to deliver a diverse range of frozen food options that enhance menus and product portfolios.

"We are thrilled to announce our expansion into Europe with our recent shipment of clean-label, plant-based food products to France,” said Dr. Roy Borochov, CEO of Plantify Foods. “Europe represents a large market opportunity for Plantify given its scale and demand for healthy, plant-based food. We are excited to introduce our delicious, clean-label, plant-based offerings to customers in France and contribute to their culinary experiences."

The Company expects to distribute the second shipment to Food Plus in July 2023.

Investor Webinar on June 27, 2023

Discover the potential of next generation, clean-label, packaged, plant-based healthy food options at scale and at accessible price points to meet the rapidly growing global consumer demand. Plantify Foods’ CEO, Roy Borochov, will host an investor webinar on June 27, 2023, at 10 AM PT / 1 PM ET.

Register here to join the webinar.

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

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING INFORMATION

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain acts, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements depending on certain risks and uncertainties. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.