PlantGurt awarded by Plant Veda at Planted Expo

IRW-PRESS: Plant Veda Foods Ltd .: PlantGurt awarded by Plant Veda at Planted Expo

PlantGurt awarded by Plant Veda at Planted Expo

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Ready-to-serve yogurt will soon be available in select Whole Foods stores.

Vancouver, BC – June 15, 2022 – Plant Veda Foods Ltd. (Plant Veda or Company) (NASDAQ: PLANT) (WKN: A3CS6B +++ CSE: MILK +++ OTC: PLVFF), an award-winning manufacturer of dairy alternatives, announces, that his latest product, PlantGurt, Planted Expo on June 5, 2022 as Best in Show in the Snacks category.

Planted Expo was the biggest event of the year in Canada, bringing together over 200 vegan food and lifestyle companies in one place, and a stage full of insightful, informative and inspiring speakers from around the world. This year’s event attracted over 10,000 visitors.

The highlight of the event was to try out hundreds of products and vote for the Best in Show awards in 5 categories, including Lifestyle, Snack, Sip, Savory and Sweet. The mango version of the Plant Veda spoon yogurt (with real mango chunks) won the snack award. PlantGurty is made from a combination of oatmeal, cashews, peas and coconut agave along with real fruit to ensure healthy nutrition and great taste without the addition of sophisticated ingredients.

PlantStrap will soon be available at select Whole Foods Market locations in British Columbia.

“Developing plant-based yoghurts that have the right texture and flavor is very difficult and I am very grateful to our team for their hard work to continuously improve the formula,” said Sunny Gurnani, CEO of Plant Veda. “I’m looking forward to the successful launch of our yoghurts at Whole Foods.”

“I really liked the new Plant Veda mango yogurt with real mango chunks. Congratulations to the Plant Veda team for winning the Best in Show snack and for bringing the best to the exhibition, added Stevan Mirkovich, co-owner of the Plant.

The company also announces that Michael Yang has resigned as CEO and chairman of the company, and that CEO Sunny Gurnani will fill the vacancy on the board and take over as chairman. The entire Plant Veda organization would like to thank Mr. Yang for his service and commitment to our vision so far. The company is pleased to announce that Mr. Yang will continue to advise Mr. Gurnani during the transition period as he takes over responsibility for his new responsibilities.

Information about the Veda plant (CSE: MILK) (OTC: PLVFF) (XFRA: A3CS6B)

Veda Foods Ltd. has set itself the task of accelerating the conversion of humanity to a plant-based lifestyle. Our goal is clear: to improve the environment and overall health of mankind through plant-based nutrition. Our company has been successful in creating award winning plant-based alternatives to dairy and has continued to disrupt the non-dairy market by developing unique products that make our customers completely forget about dairy.

For more information, visit www.PlantVeda.com.

Also visit www.PlantVeda.com/pages/investors.

To locate Plant Veda products at a local store in Canada, visit www.PlantVeda.com/pages/store-locations.

For more information please contact:

Aaron Wong, director

E-mail: aaron@plantveda.com

Telephone: +1 778-840-9664

Investor Relations:

E-mail: investors@plantveda.com

Telephone: +1 778-383-6737

Contact with the media:

media@plantveda.com

About this press release:

A German translation of this press release was provided by https://www.aktien.news – the news portal for international small-cap companies. For more information, see https://www.akt.ie/nnews

Disclaimer

This press release contains “forward-looking information” under applicable Canadian securities laws. Often, but not always, information and forward-looking statements are characterized by the use of words such as “plans”, “expects” or “does not expect”, “expects”, “estimates”, “intends”, “expects” or “does not expect.” or “believes” or variations of such words and phrases in order to identify or imply that certain actions, events or outcomes “might”, “might”, “might”, “might” or “will” or be achieved. The forward-looking information in this press release contains statements about the expected benefits of Whole Foods Market selling products, and there is no assurance that the first stores selling the products will result in the creation of additional stores offering the products. Forward-looking information reflects management’s current expectations, based on information currently available, and is subject to a number of risks and uncertainties that could cause results to differ materially from those presented in the forward-looking information. Although the Company believes that the assumptions and factors used to prepare the forward-looking information are reasonable, such information should not be relied upon and there is no certainty that these events will occur or will occur at all in the indicated periods. Factors that could cause actual results or events to differ materially from current expectations include: (i) unfavorable market conditions; (ii) changes in the growth and size of alternative dairy markets; and (iii) other factors beyond the control of the Company. The company operates in a dynamically developing environment. From time to time, new risk factors emerge and the management of the Company is unable to predict all risk factors, nor is the Company able to assess the effect of all factors on the Company’s operations, or the extent to which any one factor or combination of factors may cause actual results will differ from those in the forward-looking statements. The forward-looking information contained in this press release is prepared as of the date of this press release, and the Company expressly disclaims any intention or obligation to update or change any forward-looking information, whether as a result of new information, future events or otherwise, unless it is required by law.

As everyone is different, the possible benefits of the Company’s products will vary from person to person. No claims or guarantees can be made as to the effects of the Company’s products on the health and well-being of any person. The Company’s products are not intended to diagnose, treat, cure or prevent any disease.

This press release may contain third party trademarks (or their respective offerings with trademarked names), typically relating to (i) the Company’s relationships with such third parties referred to in this press release and / or (ii) customers / suppliers / service providers whose relations with the Company are discussed in this press release. All rights to these marks are reserved by their respective owners or licensees.

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