Modern Plant Based Foods Inc. reported that the Modern Commissary, a kitchen facility launch pad for start-up food businesses, has reached max capacity for tenants at its Vancouver location and is currently searching for second location. After successfully securing a fully booked schedule for the Commissary with paying tenants, the facility is creating additional revenues as well as expanding its network of valued food companies and entrepreneurs. The Company's expansion plan for the new location will aim to replicate the same model as the first location, adding in room for new production opportunities.

The Modern Commissary specializes in offering kitchen space and resources to meal prep and ghost kitchen businesses which has been successful in securing a wide variety of tenants, each with their own success story. The Commissary tenants have successfully grown their businesses by utilizing an array of top-of-the-line equipment available at the facility. The Commissary has provided amazing opportunities for businesses to scale their production, conduct R&D for new products, and be innovative with their creations.

Revenues recognized from the Commissary will contribute towards 2022 revenue for Modern Meat Inc. under the Modern Plant-based Foods umbrella.