VANCOUVER, BC,
Northern Pacific Kaviar has developed an innovative vegan caviar using a blend of seaweed, flavourings and chia seeds to recreate the texture of real caviar for the vegan consumer. Their vegan caviar is made from a blend of natural ingredients and is free of any animals products.
The luxury vegan food market is expanding, with an increase in demand from consumers for premium vegan food products. Consumers are continually becoming more health-conscious, and they are looking for healthier, more natural alternatives to traditional animal-based products. As a result, consumers seek out premium vegan food products has grown as they are yet to be widely available. The global vegan caviar market size is estimated to top
With this acquisition,
These products offer an elevated experience for vegan diners and can be used to create sophisticated dishes. The demand for luxury vegan food products such as Northern Pacific Kaviar is growing due to an increased awareness of the environmental and health benefits of veganism. As more people become aware of the benefits of veganism, they are more likely to purchase premium vegan food products.
Pursuant to the terms of the LOI the companies will enter into an acquisition agreement subject to the satisfaction of certain conditions precedent and compliance with applicable Canadian Securities Exchange policies, the Company will acquire all of the issued and outstanding securities in the capital of Northern Pacific Kaviar in exchange for issuing: (i) an aggregate of 4,000,000 common shares at a deemed price of
The company Has engaged
Completion of the deal is subject to various conditions, including the completion of definitive documentation, approval of the Canadian Securities Exchange, and other customary conditions.
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.
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1 https://www.futuremarketinsights.com/reports/vegan-caviar-market |
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