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Bullboard - Stock Discussion Forum Modern Plant Based Foods Inc C.MEAT

Alternate Symbol(s):  MDRND

Modern Plant Based Foods Inc. is a food company, which offers a portfolio of plant-based products, including meat- and dairy-free alternatives, soups, and vegan snacks. Its products are available at select restaurants and retailers across Canada, including its own Modern Wellness bars located in Vancouver. The Company’s subsidiaries include Star Minerals Group US LLC, Modern Meat Inc., Modern... see more

CSE:MEAT - Post Discussion

Modern Plant Based Foods Inc > to Significantly Expand Production Capacity Through Trimpac
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Post by Betteryear2 on Aug 15, 2021 8:38am

to Significantly Expand Production Capacity Through Trimpac

VANCOUVER, BCAug. 14, 2021 /CNW/ - Modern Plant-Based Foods Inc., (CSE: MEAT) (" Modern Plant Based Foods ") or (the "Company "), an award-winning plant-based food company, announces that Modern Meat, its meat alternative division, will expand production of its plant-based meat alternatives through a co-packing arrangement with Trimpac Meat Company ("Trimpac"). The agreement opens a significant opportunity to ramp-up production of its Modern Burgers, Crumble and Meatballs.

"For months we have been flat out with production at maximum capacity to meet the explosive demand from consumers. Finally, we are proud to say we have come to an agreement that will increase production significantly of several of our core products and we should be able to handle this upcoming year's demand," stated Tara Haddad, Founder and CEO of Modern Plant-Based Foods.  "With the additional capacity we can stay further ahead of the sales surge that we have seen as a result of our growth."

With over 35 years in the business Trimpac Meat Company provides 'Best in Class' Operation across Western Canada.  The company is part of Sysco Specialty Meat Companies. Sysco has 26 meat companies across Canada (4) and the United States (22) with different capabilities and specialties. Trimpac is a Canadian Food Inspection Agency (CFIA) federally registered facility which requires daily on-site CFIA inspection of HACCP Hazard Analysis Critical Control Point food safety plan. The company recently achieved Safe Quality Food (SQF) Level 3 designation – the highest level of auditable food safety available.  Trimpac has a segregated area to produce plant-based products without cross-contamination and are able to certify the process as Vegan through QA and QC mandates as directed by CFIA.

Based on the established agreement, Trimpac has committed to producing an additional 5,000 pounds of Modern Meat product each week to a maximum of 260,000 pounds per year.  Actual production will be based on consumer demand for the Company's products.

"The move to use a local co-packer is important as we continue to see a rise in sales. Working with Trimpac will allow us to better service our growing consumer base in British Columbia, as well as dedicating more production capacity from our Modern Meat facility to produce our popular 'Crab' Cakes," states Tara Haddad.

 
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