Sol Cuisine Launches In National Co+op Grocers

MISSISSAUGA, Ontario — Sol Cuisine Ltd. (“Sol Cuisine” or the “Company”) (TSXV: VEG) a growth-oriented North American plant-based protein leader, announced a new distribution agreement with National Co+op Grocers (NCG) in the U.S. to sell a selection from the Company’s line of plant-based Bites appetizers.

Sol Cuisine’s Crispy Chik’n Bites and Spinach Chickpea Bites are available across NCG’s 200 stores in 39 states. This is the Company’s first distribution agreement with NCG which has combined annual sales over $2.3 billion and more than 1.3 million consumer-owners.

John Flanagan, CEO of Sol Cuisine commented, “This new distribution agreement with NCG compliments our existing footprint in the U.S. where plant-based foods are expected to become a $13.8 billion market by 2027i and 48 per cent of Americans have introduced plant-based items into their diet in the last two yearsii.  We know that our products’ taste and nutrition profile are highly attractive to consumers seeking healthier meal options that are convenient. We look forward to working collaboratively with NCG and exploring additional products to offer through its extensive network.”

In addition, the Company also announces that it granted 600,000 stock options to a senior officer on August 9, 2021 with an exercise price of $0.66 and an expiry date of August 9, 2031.

For more details, visit Sol Cuisine’s IR website at: investors.solcuisine.com or contact the IR team at investors@solcuisine.com.

About Sol Cuisine Ltd.

Sol Cuisine is the publicly traded parent company of Sol Cuisine Inc. following the completion of its “qualifying transaction” on May 19, 2021. Sol Cuisine is a fast-growing producer of branded and private label, consumer-preferred plant-based protein offerings across key center-of-plate and appetizer categories. The Company’s products are offered through an established omni-channel distribution platform in Canada and the U.S. and are available in over 11,000 stores and more than 41,000 unique points of distribution across four primary channels: Canada Retail Sales & Club; U.S. Retail Sales & Club; Food Service & Industrial; and Private Label. Over a history of 20+ years, Sol Cuisine has consistently demonstrated an ability to innovate and delight consumers in Canada and the U.S., while remaining true to its commitment to producing great tasting products that are nutritionally superior both to meat-based offerings and to competitive plant-based products. This commitment has resulted in several Canadian product wins, including the #1 frozen plant-based burger in Canada, the #1 consumer-preferred chicken alternative and the #1 quality roast product as determined by Whole Foods Market. The Company’s taste and nutritional superiority has also resulted in private label contracts with some of the most recognized natural brands in North America. These products are all produced at Sol Cuisine’s two state of the art facilities, totaling 35,000 square foot facility in Mississauga, Ontario, capable of supporting up to 10 million kilograms of volume per annum.

For More Information:
https://solcuisine.com/