Sunora Foods : November 29th, 2021 Sunora Foods Third Quarter 2021 Results

Sunora Foods Quarter 3 Financial Results

November 29, 2021 - CALGARY, ALBERTA. Sunora Foods Inc. (the "Corporation") (TSX-V: SNF) announces the filing of its financial statements and management discussion and analysis for the three-month and six-month periods ended September 30, 2021. These filings are available for review on SEDAR and the Corporation's website.

For the three-month period ended September 30, 2021, Sunora's highlights include the following:

• Revenue of $4,279,611 for Q3 2021 versus revenue of $2,617,355 for the comparable Q3 2020;
• Gross margin of $129,510 for Q3 2021 versus gross margin of $160,536 for the comparable Q3 2020;
• Net Income of $89,230 for Q3 2021 versus net income (loss) of ($46,230) for the comparable Q3 2020;
• Cash and cash equivalents of $3,330,703 as at September 30, 2021;

Financial Highlights
	Three-Month Periods Ended	Nine-Month Periods Ended
	Sept 30, 2021	Sept 30, 2020	Sept 30, 2021	Sept 30, 2020
Sales	$4,279,611	$2,617,355	$12,328,385	$7,869,294
Gross Margin	$129,510	$160,536	$497,397	$538,642
Net Income (Loss)	$89,230	($46,230)	$147,960	$29,903
Earnings per Share	$0.002	($0.001)	$0.004	$0.001

About Sunora Foods

Sunora Foods is a Calgary, Alberta based food oil entity trading and supplying canola oil, corn oil, soybean oil, olive oil, and specialty oils in Canada and internationally under the "Sunora", "Sunera" and numerous private label brands.

For further information, please contact:

Dean Stuart

Investor Relations

T: [phone]

1. [e-mail]

Steve Bank

Chief Executive Officer and President

T: [phone]

1. [e-mail]

Neither the TSX Venture nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this release.