Sol Cuisine products are selling faster than expected in Mexico
- In August, the Company entered the Mexican market in partnership with a large American wholesaler.
- The company’s products are selling twice as fast as expected – Sol Cuisine’s first order of Chik’n Wings cauliflower sold in about 60 days.
MISSISSAUGA, ON, November 2, 2021 / CNW / – Sol Cuisine Ltd. (“Sol Cuisine” or the “Company”) (TSXV: VEG), a growth-oriented leader in plant-based protein, today announced that Buffalo Chik’n Cauliflower Wings from the Company (the “Products”) are selling twice as fast as expected since their introduction to the Mexican market through a US-based wholesaler in August. Consumer reception resulted in an initial sale of approximately 60 days.
John flanagan, CEO of Sol Cuisine commented, “We are very pleased with the consumer acceptance and sales performance of our Buffalo Chik’n Cauliflower Wings, during Sol Cuisine’s first foray into the Mexican market. Mexico is the country with the most vegans and vegetarians Latin AmericaI, and with the heavy social media traffic that consumers gave to Sol Cuisine when it first entered, we see a substantial opportunity to continue to grow in the market. “
For more details, visit the Sol Cuisine IR website at: investors.solcuisine.com or contact the IR team at [email protected].
About Sol Cuisine Ltd.
Sol Cuisine is the listed 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 consumer-preferred branded and private-label vegetable protein offerings in major plate and appetizer center categories. The Company’s products are offered through an established omnichannel distribution platform in Canada, the United States and Mexico, and are available in over 11,000 stores and over 41,000 unique distribution points through four main channels: Canada Retail Sales & Club; Retail and club sales in the United States; Food and industrial service; and Private Label. During a history of more than 20 years, Sol Cuisine has always demonstrated its ability to innovate and delight consumers in Canada and the United States, while remaining true to its commitment to producing flavorful products that are nutritionally superior to both meat-based offerings and competing plant-based products. This commitment has resulted in several victories for Canadian products, including the # 1 frozen plant-based burger in Canada, the consumer favorite 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 manufactured in Sol Cuisine’s two state-of-the-art facilities, totaling 35,000 square feet in Mississauga, Ontario, capable of supporting up to 10 million kilograms of volume per year.
For more details on Sol Cuisine’s consumer brands:
This press release contains forward-looking information within the meaning of Canadian securities laws concerning the Company and its activities. Often, but not always, forward-looking information can be identified by the use of words such as “expect”, “intend”, “anticipated”, “believe” or variations (including negative variations). ) of such words and expressions, or state that certain actions, events or results “may”, “could”, “would” or “will” be undertaken, occur or be achieved. These statements are based on the current expectations and views of future events of the management of each entity, and are based on assumptions and subject to risks and uncertainties. Although management believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. The forward-looking events and circumstances discussed in this press release may not occur and could differ materially due to known and unknown risk factors and uncertainties affecting the business, including risks regarding the size of the industry, market growth of the Company’s products, the rate and amount of production at the Company’s facilities, market conditions, economics, management’s ability to manage and operate the Company’s business and the stock markets in general. Although the Company has attempted to identify material factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or or results differ from those anticipated, estimated or intended. Therefore, readers should not place undue reliance on forward-looking statements or information. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and the Company assumes no obligation to publicly update or revise any forward-looking statement, whether whether as a result of new information, future events, or otherwise.
The TSX Venture Exchange has not reviewed, approved or disapproved of the contents of this press release.
I NielsenIQ Global Health and Ingredient Sentiment Survey, 2016
SOURCE Sol Cuisine Ltée.
For further information: John Flanagan, Chief Executive Officer, 905-502-8500; Jonathan Ross, Sol Cuisine Investor Relations, [email protected], 416-283-0178; Kieran Lawler, Sol Cuisine Public Relations, [email protected], 416-303-0799