Regina, Saskatchewan – TheNewswire — April 16, 2021 - Above Food Corp. (“Above Food” or the “Company”), is pleased to announce the formation of its Above Innovation Advisory Council, and the appointment of Bruce Linton as Chairperson.

The Above Innovation Advisory Council will be tasked with advising, developing, and assisting Above Food with business development by helping to drive both organic growth and strategic acquisitions for the Company.  All members of the Innovation Advisory Council have a business growth pedigree and have a broad base of multi-industry business development knowledge and relationships required to open doors to future collaborations, joint ventures, and mergers.

“The Above Innovation Advisory Council has a strong mandate to focus on innovation and technology deployment, as well as capital market strategies. This  experienced and agile team will bring to Above Food direct opportunities while also assisting with  the development and crystallization of strategies,” said Lionel Kambeitz, Executive Chairman of Above Food. “The expertise and pedigree of the Advisory Council will bring rhythm, balance, and synergies to increase the velocity of our success.”

Mr. Linton, as the Council’s Chairperson, brings a wealth of experience in building strong, technology-driven companies, developing world-class teams, and positioning companies to deliver exceptional customer value and service. Bruce has been in various high-profile positions and is a very driven and focused businessperson. Bruce will provide the guidance and experience to have the Above Innovation Advisory Council focused and effective in their ability to deliver strategic business development concepts and opportunities.

“The highest quality products and lowest unit economics will be delivered by companies that control their entire supply chain.  I am pleased to assist Above Food in advancing its leadership role in the industry,” states Bruce Linton. “Above Food is at the forefront of the emerging plant-based protein industry and is the North American leader in providing a fully vertically integrated supply chain that is completely seed-to-fork.”  

Donato Sferra, Executive Vice President and Chief Corporate Development Officer comments, “Bruce is a great fit for our Above Food Innovation Advisory Council.  He has broad experience, a record of significant achievement and seeks constant acceleration as his style of leadership.  He is a great choice to lead this Advisory Council, I have enjoyed many debates and discussions with Bruce and say with the utmost confidence that his focus and contribution will be significant.”

About Above Food and its wholly owned subsidiaries.

Above Food’s wholly owned subsidiaries, Above Food Brands Inc., and Purely Canada Foods Corp., are vertically integrated, high growth, seed-to-fork plant-based platforms that have well-established financial profiles stemming from strong business to-business (B2B) relationships, selling food and ingredients to over 300 customers across 35 countries.

Above Food is truly disruptive, providing the ability to have custody over leading plant-based proteins, including lentils, chickpeas, fava beans, peas, and oats, from seed all the way through to the end consumer’s dinner plate, allows Above to create nutrient density and superior functional performance.  This applies across its business-to-business, advanced ingredient, and business-to-consumer lines of business.  Learn more: https://abovefood.com/  

FORWARD LOOKING STATEMENTS

This press release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy.

By their nature, forward-looking information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this press release including, without limitation: the failure to negotiate and execute a definitive merger agreement satisfactory to the respective parties, the failure to obtain all necessary corporate and regulatory approvals and general economic, market and business conditions. Other risk factors include either Company’s ability to secure additional commercial partnerships for products, ability to comply with all applicable governmental regulations including all applicable food safety laws and regulations; impacts to the business and operations of the Company’s due to the COVID-19 epidemic; the risks inherent in having a limited operating history, the ability of the Company to access capital to meet future financing needs; the Company’s reliance on management and key personnel; competition; changes in consumer trends; and foreign currency fluctuations.