Coho Collective Kitchens Inc. and Beyond Oil Ltd. announce they have executed a non-binding letter of intent (the "LOI"). The LOI outlines Coho's anticipated collaboration with Beyond Oil, introducing Beyond Oil's fry oil product to its kitchens' frying systems to improve fry oil life and reduce oil waste. Upon completion of the tests, Beyond Oil and Coho may negotiate the terms of a definitive agreement, which will be led by Beyond Oil's distributor, TEJA Food Group ("TEJA").

Beyond Oil and Coho expect to undertake the oil enhancement testing process at one of Coho's ghost kitchen facilities in late August. TEJA will lead the testing process and perform the filtration daily using the Beyond Oil powder. If the testing process is successful, Coho may elect to execute a definitive agreement with the parties.