SNACKS FROM THE SUN ANNOUNCES GLOBAL EXPANSION BEGINNING IN SOUTHEAST ASIA

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VANCOUVER, BC, July 1, 2022 /CNW/ - Modern Plant Based Foods Inc., (CSE: MEAT) ("Modern Plant Based Foods") or (the "Company"), an award-winning plant-based food company is pleased to report that Snacks from the Sun., (SFTS) a portfolio company of Modern Plant-Based Foods has rolled out its vegan, gluten-free sun baked chips into Asia beginning with Southeast Asia after receiving initial order from a supermarket chain based in the Philippines through  Global Brand and Export Development LLC, (GSMS LLC). Global Brand and Export Development LLC is a company representing and serving manufacturers, importers, retailers, distributors and consumers, with dedicated sales and expertise with global exports to over 60 countries around the world. They are partnered with KeHE Distributors LLC in the United States; Be Organics Distributors in Chile; International Exports for shipping to Middle East and Africa; BTS Group Trade and Se Logistics through US & Mexico; Delvi Logistics exporting to top supermarkets in Panama; U.S. International Foods for customs clearance to Asia; Smart Mexico distributors servicing the entire country of Mexico; I AM Foods servicing the Caribbean and Central America; and Caribbean Shipping through Florida and Puerto Rico.

Logo (CNW Group/Modern Plant Based Foods Inc.)
Logo (CNW Group/Modern Plant Based Foods Inc.)

GSMS LLC is a sister company to KeHE Distributors, who is currently purchasing and distributing the Snacks from the Sun brand in the United States. KeHE Distributors is one of the nation's top pure play wholesale food distributors with 16 distribution centers across North America. With over 5,500 employees, KeHE represents 8,500 brands and services more than 30,000 natural food stores, chain and independent grocery stores, ecommerce retailers and other specialty product retailers throughout North America.

The supermarket chain purchasing the Snacks from the Sun products is a leading player in the mid-premium supermarket segment of Southeast Asia and is one of the fastest growing supermarket operators. The chain is located in 25 cities and municipalities and growing across the Philippines and continues to banner a global standard in the local supermarket industry. The supermarket chain believes that the Filipinos deserves access to higher quality and healthier foods, such as Snacks from the Sun baked chips.

Snacks from the Sun has received confirmation on initial purchase for its Vegan Sour Cream & Chive, Vegan Nacho, Sweet & Tangy BBQ, Cracked Pepper and Sea Salt, Vegan White Cheddar Puff, Original Sea Salt, for stores in Southeast Asia through GSMS LLC. The purchase orders will be fulfilled from the KeHE warehouses currently managing and storing Snacks from the Sun inventory in the United States, allowing the company to avoid extra fees and overhead in order to facilitate sales.

"This initial interest from one of the most popular health food chains in the Philippines proves demand for our product globally and solidifies our relationship with Global Brand and Exports, allowing easier access to global distributors. We see great potential for products in our portfolio as the demand for better-for-you products continues to rise in countries outside of North America." States Avtar Dhaliwal, Chief Executive Officer of Modern Plant-Based Foods Inc.

About Modern Plant-Based Foods
Modern Plant Based Foods is a Canadian food company based in Vancouver, British Columbia that offers a portfolio of plant-based products including meat and dairy-free alternatives, soups, and vegan snacks. Our products are available at select restaurants and retailers across Canada including our own Modern Wellness Bar located in Vancouver. We take a holistic approach to plant-based living and understand the importance of providing nutritious and sustainable alternatives to consumers without sacrificing taste. We want people to feel good about the food they eat which is why we are deliberate in choosing ingredients free of soy, gluten, nuts, and GMOs. Our mission is to change the way food is produced and consumed for the benefit of people, animals, and the environment by using natural plant-based ingredients.

Cautionary Statement Regarding Forward-Looking Information
This news release includes certain "forward-looking statements" and "forward-looking information" under applicable Canadian securities legislation that are not historical facts. Forward- looking statements involve risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements with respect to: the Company and the Company's business and prospects; the Company's objectives, goals or future plans; the Company's sales growth, planned expansion, awareness of the Company's brands, future sales and revenue growth, and the business, operations, management and capitalization of the Company. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic and social uncertainties; local and global market and economic uncertainties arising in respect of the COVID-19 pandemic; litigation, availability of key product ingredients, legislative, environmental and other judicial, regulatory, political and competitive developments; the ability to effectively expand manufacturing and production capacity; the ability to obtain retail partners to distribute Company products, the success of market initiatives and the ability to grow brand awareness; the ability to attract, maintain and expand relationships with key strategic restaurant and food service partners; our ability to predict consumer taste preferences; delay or failure to receive regulatory approvals; the sufficiency of our cash to meet liquidity needs; those additional risks set out in the Company's public documents filed on SEDAR at www.sedar.com; and other matters discussed in this news release. Accordingly, the forward-looking statements discussed in this release may not occur and could differ materially as a result of these known and unknown risk factors and uncertainties affecting the Company. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

SOURCE Modern Plant Based Foods Inc.

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