ACCESS Newswire
30 Nov 2021, 20:01 GMT+10
CHICAGO, IL and VANCOUVER, BC / ACCESSWIRE / November 30, 2021 / The Planting Hope Company Inc. (TSXV:MYLK) ('Planting Hope' or the 'Company'), a plant-based food and beverage company focused on producing the world's most nutritious and planet-friendly products, is pleased to report financial results for the third quarter ended September 30, 2021.
'I am incredibly proud of the entire Planting Hope team for achieving solid year-over-year net revenue growth,' said Julia Stamberger, CEO and Co-Founder of Planting Hope. 'Our recent IPO provides the firepower to develop and scale our business in alignment with the explosive global growth of the plant-based food and beverage market. We have a pipeline of breakthrough new products launching in the new year, including our barista sesamemilk, which we will roll out to our omnichannel distribution platform, increasing product availability and access to consumers. Looking ahead, we are well positioned to execute on our growth strategy with robust momentum entering 2022 and beyond.'
Financial Highlights
All figures in this press release are in U.S. dollars unless otherwise stated.
Sales and Marketing Highlights
We have an omnichannel distribution platform with the following strategic approach:
We continue to work with our deeply experienced sales partners with relationships with key retailers across the U.S. and Canada to rapidly engage our brands with strategically aligned retailers.
The Company's financial statements for the three and nine months ended September 30, 2021 can be found on the Company's issuer profile on SEDAR at www.sedar.com.
About The Planting Hope Company Inc.
Planting Hope develops, launches and scales uniquely innovative plant-based and planet-friendly food and beverage brands. Planting Hope's cutting-edge products fill key unmet needs in the skyrocketing plant-based food and beverage space. Founded by experienced food industry entrepreneurs, Planting Hope is a women-managed and women-led company with a focus on nutrition, sustainability and diversity. For more information visit: www.plantinghopecompany.com.
Contacts
Julia Stamberger
CEO and Co-founder
(773) 492-2243
[email protected]
Caroline Sawamoto
Investor Relations
(773) 492-2243
This news release contains 'forward-looking statements' or 'forward-looking information' (collectively referred to hereafter as 'forward-looking statements') within the meaning of applicable Canadian securities legislation. All statements that address activities, events, or developments that Company expects or anticipates will, or may, occur in the future, including statements about Company's ability to execute on its goals, the timing pertaining to these goals and receipt of applicable consents and approvals, and Company's business prospects, future trends, plans and strategies. In some cases, forward looking statements are preceded by, followed by, or include words such as 'may', 'will,' 'would', 'could', 'should', 'believes', 'estimates', 'projects', 'potential', 'expects', 'plans', 'intends', 'proposes', 'anticipates', 'targeted', 'continues', 'forecasts', 'designed', 'goal', 'anticipate' or the negative of those words or other similar or comparable words. Although the management of the Company believes that the assumptions made and the expectations represented by such statements are reasonable, there can be no assurance that a forward-looking statement herein will prove to be accurate. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. Risks and uncertainties applicable to the Company, as well as trends identified by the Company affecting its industry can be found in the Company's prospectus dated October 29, 2021 and the Company's continuous disclosure record available on SEDAR at www.sedar.com. Such cautionary statements qualify all forward-looking statements made in this news release. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: The Planting Hope Company Inc.
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