Komo Plant-Based Foods

Overview

The plant-based food market is expected to hit US$10.7 billion by 2027. Several new players in the industry have sprouted since Beyond Meat’s (NASDAQ: BYND) IPO in 2019. Some of these new players include the Very Good Food Company (TSXV:VERY,OTCQB:VRYYF) and the Tattooed Chef (NASDAQ:TTCF), while more established food companies, like the Kellogg Company (NYSE:K) or Hormel Food (NYSE:HRL), have created sub brands that focus on plant-based products.

In Canada, the plant-based food industry is also growing. Sales of plant-based cheese alone are expected to reach US $23.9 million by 2026. To date, Canada has invested up to $173 million in the protein industries through the country’s SuperCluster Initiative, which aims to increase the value of key crops and serve growing markets like North America, Asia and Europe for plant-based or new food products. With the growing plant-based food industry in Canada supported by government funding, the opportunities for investors are bountiful.

Komo aims to take advantage of several prevailing consumer trends, including the blossoming plant-based revolution, the rise of the clean label consumer, and the re-emergence of frozen foods. The company is working to make plant-based meals a staple on every dinner table by making premium frozen meals a more accessible and flavorful experience through its innovative product catalog featuring meals/entrees, meal helpers and sweets.

Komo Plant-Based Foods has a number of frozen comfort food products, including its shepherd pies, pot pies and lasagna. Its plant-based, bake-at-home Mac & Cheeze was launched in retail in February 2022. The success of the product was followed by a premium product iteration, Mac & Greens, a classic mac and cheese with a wholesome twist.

The company also made several advances with respect to revenue and distribution. On January 11, 2022 Komo teamed up with BRR Logistics, one of Canada’s largest frozen foods distributors, allowing them to source all of Komo’s frozen, plant-based products in retail groups in Ontario and Quebec.

Komo increased its retail distribution for all of its nine products across Canada with Loblaw Companies Ltd,. Canada's largest food retailer with over 2,400 stores across the country. Four SKUs will be listed nationally in eight Loblaws warehouses and the remaining five SKUs will be distributed to Loblaw's banner stores direct from distributor partners to retail locations across Western Canada.

Currently with more than 400 distribution points across Canada, including in popular grocery chains like Whole Foods, Loblaws, Foodland, Metro, Goodness Me! Natural Food Market, Highland Farms and Ambrosia, Komo Plant-Based Foods continues to gain momentum in the Canadian market.

Komo Plant-Based Foods’ serving sizes give its customers the ability to share food with others in a convenient yet affordable package. The company also has access to three streams of revenue, namely retail distribution, e-commerce and hot meal delivery apps, making the company highly accessible to a wide variety of consumers.

The company’s leadership team is incredibly experienced in the plant-based foods category and well positioned to move the company forward to fulfill its visions.

Company Highlights

• Komo Plant-Based Foods is a Canadian company providing easy-to-prepare, plant-based comfort foods that are shareable and designed for groups.
• The company has partnered with BRR Logistics, one of Canada’s largest frozen goods distributors, to leverage their vast network of participating retailers across the nation, to further distribute its products across Ontario and Quebec.
• To date, Komo Plant-Based Foods has more than 400 distribution points across Canada.
• Komo’s management team has decades of combined experience working in the plant-based food industry.
• Komo launched its retail Mac & Greens, following the success of its vegan Mac & Cheeze bake-at-home, frozen food product.
• Komo further increased its retail distribution for all of it's nine products across Canada with Loblaw Companies Ltd., Canada's largest Canadian food retailer.