PEAS Global Food And Ingredients Ltd

TORONTO, July 6, 2022 /CNW/ - Global Food and Ingredients Ltd. (TSXV: PEAS) ("GFI") is pleased to announce its attendance at the CEM TSX Venture Growth Capital Event taking place in Kelowna, British Columbia from July 7-9, 2022, organized by Capital Events Management Ltd. GFI will be hosting one-on-one formal and informal meetings with investors.

Through a day of structured one-on-one meetings and networking activities, the invitation only CEM TSX Venture Growth Capital Event introduces growth-stage companies to active top-level capital finance investors.

"The rising cost of food and food security, stemming from inflation and the war in Ukraine has dominated news headlines recently and is on the minds of investors", commented David Hanna, GFI's CEO. "GFI is ideally situated to respond to these global challenges with our locally sourced network of over 500+ farmers in Western Canada and four wholly-owned processing facilities that together create a zero-waste system and allows GFI to maximize value creation from each input that goes into our process.

"At GFI we are focused on providing premium plant-based food and ingredients that are not only good for the health of our customers but are good for the earth with minimal environmental impact in our processes," added David. "With the recent commissioning of our state-of-the-art pea splitting facility, GFI is continuing to add further downstream processing of locally sourced and internally produced inputs for the ingredients in our pet food ingredients blends and our consumer branded products, reducing dependency on third party suppliers to drive margin enhancement."

GFI recently commissioned its state-of-the-art pea splitting facility at its plant-based ingredient processing complex in Zealandia, Saskatchewan. The pea splitting facility is capable of processing over 60,000 metric tonnes of yellow and green peas into split peas and pea fibre annually at full capacity, using advanced steam-based technology, producing industry leading quality and efficiency that dramatically reduces water utilization compared to older technologies and recycles heat resulting in a uniquely low environmental impact process. 

GFI is a fast-growing Canadian plant-based food and ingredients company, connecting the local farm to the global supply chain for peas, beans, lentils, chickpeas and other high protein specialty crops. GFI is organized into four primary business lines: Pea Protein Inputs, Plant-Based Ingredients, Plant-Based Pet Food Ingredients and Plant-Based Consumer Packaged Goods. Headquartered in Toronto, GFI buys directly from its extensive network of farmers, processes its products locally at its four wholly-owned processing facilities in Western Canada and ships to 37 countries across the world.

GFI's vision to become a vertically integrated farm-to-fork plant-based company providing traceable, locally sourced, healthy and sustainable food and ingredients. Through recent acquisition and development activities, GFI now offers a full suite of Plant-Based Consumer Packaged goods with over 20 SKUs under the YoFiit, Bentilia and Five Peas in Love brands.

Neither the TSXV nor its Regulation Service Provider (as defined policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.

This press release may contain certain forward-looking information and statements ("forward-looking information") within the meaning of applicable Canadian securities legislation, that are not based on historical fact, including without limitation statements containing the words "believes", "anticipates", "plans", "intends", "will", "should", "expects", "continue", "estimate", "forecasts" and other similar expressions. Forward looking statements in this press release include without limitation statements relating to GFI continuing to add further downstream processing and the effects thereof and GFI's business objectives. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. GFI undertakes no obligation to comment analyses, expectations or statements made by third-parties in respect of GFI, its securities, or financial or operating results (as applicable). Although GFI believes that the expectations reflected in forward-looking information in this press release are reasonable, such forward-looking information has been based on expectations, factors and assumptions concerning future events which may prove to be inaccurate and are subject to numerous risks and uncertainties, certain of which are beyond GFI's control, including the risk factors discussed in GFI's Filing Statement dated May 30, 2022, which are incorporated herein by reference and are available through SEDAR at www.sedar.com. The forward-looking information contained in this press release are expressly qualified by this cautionary statement and are made as of the date hereof. GFI disclaims any intention and has no obligation or responsibility, except as required by law, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise.

SOURCE Global Food and Ingredients