VANCOUVER, British Columbia, Nov. 23, 2021 (GLOBE NEWSWIRE) — FEEL FOODS LTD. (“Feel Foods”) (CSE: “FEEL”) (OTC: “FLLLF”) (FSE: “1ZF”) announced today the company has completed its newest formulations for its ‘Feel Sweets’ gummy candy line which will offer keto-friendly, plant-based candies across North America as the vegan confectionery market grows rapidly.
The candies are to be sent out for testing and go into the growing distribution network as well as online in Canada and the United States.
Feel Foods CEO, David Greenway, stated: “Candies, especially gummy type ones, are very popular and Feel Foods is committed to introducing plant-based products that offer a true alternative to regular ones, especially in the high growth rate vegan confectionery market. With the growing demand for our plant-based meat and cheese products, we are excited to bring yet another product to market to continue to fill the shopping cart ahead of our imminent e-commerce launch.”
The North America confectionery market is being driven by the growing USA market. The USA confectionery industry was worth nearly USD 25.27 billion in 2020. The US market is expected to grow at a steady pace in the forecast period of 2022-2027, growing at a CAGR of 1.9% according to expert market research while The global vegan confectionery market size was valued at USD 816.0 million in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 11.8% from 2020 to 2027 according to Grandview market research.
“Further, the company would like to thank all of its friends and customers for coming out to the successful two-day PlantedExpo event in Vancouver. The plant-based community bought, and brought home with them, approximately 150 wheels of our Black Sheep Vegan Cheeze products which are now available for purchase on multiple online marketplaces.
“We encourage Feel Foods Investors, Stakeholders and Customers to begin following Black Sheep at Instagram.com/blacksheepvegancheeze and at any participating online marketplaces to try Black Sheep unique products,” said Greenway.
About Feel Foods Ltd.
FEEL is an agri-food holdings company focused on innovative products and technologies in the food services industry including its wholly owned Black Sheep Vegan Cheeze Company, offering a variety of 10 unique vegan dairy substitute products and currently available in over 30 retail locations, its 100% owned Be Good Plant-based Foods line of plant-based chicken, pork and beef products and is currently investing in the research and development of keto-friendly plant-based candy products.
Joel T Warawa
Statistics Reference: * https://www.prnewswire.com/news-releases/global-plant-based-food-market-report-2020-2027-rising-industry-concentration-with-growth-in-mergers-and-acquisitions-in-the-plant-based-products-space-301268737.html
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future, including with respect to: the entry of the Consulting Agreements, the completion of the Acquisition and the acceptance of the Acquisition and terms thereof by the CSE. Such statements are subject to risks and uncertainties that may cause actual results, performance, or developments to differ materially from those contained in the statements, including risks related to factors beyond the control of the Company. The risks include the following: the unknown magnitude and duration of the effects of the COVID-19 pandemic, the inability of Feel Foods to close the Acquisition and other risks that are customary to transactions of this nature. There can be no assurance that any forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place any undue reliance on forward-looking information or statements. Feel Foods undertakes no obligation to update forward-looking information or statements, other than as required by applicable law.
This press release is not an offer of the securities for sale in the United States. The securities have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from registration. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.
The CSE (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.