NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER U.S. NEWSWIRES
Vancouver, BC, June 02, 2022 (GLOBE NEWSWIRE) — Keto Caveman Meals Inc. (CSE: KETO Reserved) (“Keto Caveman” or the “Firm”), is a Vancouver-based firm that creates, manufactures, and sells its proprietary portfolio of keto, paleo, gluten-free, sugar-free, dairy-free and vegan merchandise starting from desserts, wraps, breads and ready-to-eat meals. The Firm is concentrated on promoting its merchandise by way of its e-commerce, foodservice, and retail channels throughout British Columbia and increasing throughout Canada with the assist of a nationwide dealer. The Firm’s merchandise will also be bought on the Keto Caveman Café in Downtown Vancouver (the “Café”).
Keto Caveman is a meals processor constructed to function as a lean startup that minimizes the necessity for capital expenditures and third-party logistics so as to function its manufacturing bakery and provide wholesale and e-commerce demand. The Café will proceed to function because the Firm’s check kitchen and BC’s premier keto restaurant providing sides, mains and desserts to customers looking for nice tasting keto meals. The Café serves as a flagship location for model recognition, buyer connection and a bodily landmark for group service.
In keeping with Keto Caveman’s co-founder & CEO, Bahram Heidari: “As a former skilled boxer who had undergone the calls for of pre-match speedy weight reduction, I needed to design keto meals that’s nutrient-rich, low-carb and tastes superb. My background as a Sufi teaches the normal medicinal strategy to balancing meals as ‘sizzling’ and ‘chilly,’ and never mixing incompatible acids in meals to maximise nutrient absorption. Meals is therapeutic, and we will carry the very best of historical traditions proper to the present-day advances. Our merchandise are clear, with no preservatives and unbelievable style profiles.”
Based in 2016, Keto Caveman has steadily grown, establishing a fame of attracting a loyal following of patrons while proudly pursuing philanthropic endeavors, akin to serving and feeding the unsheltered inhabitants within the Downtown East Facet with an in-house program of giving.
Keto Caveman merchandise at the moment are stocked in shops throughout British Columbia. The Firm has lately moved to an expanded manufacturing facility close to downtown Vancouver (BC) and purchased a further facility to satisfy distribution demand situated in Surrey (BC). Keto Caveman has secured a nationwide dealer to develop its enterprise throughout Canada and has secured native accounts to supply ready-to-eat meals starting in the summertime of 2022.
Keto Caveman anticipates submitting its preliminary prospectus early this summer season and intends to record on the Canadian Securities Alternate by the tip of 2022.
FINANCING UPDATE
In 2021, the Firm engaged Ascenta Finance Corp. (“Ascenta”) to supply strategic recommendation and to boost capital via the personal placement providing of models of the Firm (the “Models”) priced at $0.15 per Unit (the “Financing”). Every Unit consists of 1 widespread share of the Firm and one half of 1 share buy warrant exercisable at $0.30 per warrant for a interval of twenty-four (24) months from the date of issuance. Up to now, a complete of 9,245,161 Models have been issued to boost a complete of $1,386,774.15, together with 192,330 Models to boost $28,850 via fairness crowdfunding on Ascenta’s crowdfunding portal, AscentaOpportunities.com.
In reference to the Financing, a complete of $105,843.93 have been paid on account of finder’s charges and an combination of 705,626 non-transferable compensation choices have been issued, every exercisable by the holder thereof to accumulate a Unit at a worth of $0.15 per Unit for a interval of twenty-four (24) months from the date of issuance.
The web proceeds of the Financing will likely be utilized as follows:
- New manufacturing facility acquisition (or enlargement of current facility) (20%)
- Manufacturing tools buy and enhancement (18%)
- Manufacturing growth & market research (4%)
- Investor relations & communications (7%)
- Authorized, accounting & audit (16%)
- Company and G&A (24%)
- Working Capital (11%)
In accordance with relevant Canadian securities legal guidelines, all securities issued pursuant to the Financing bear or will bear a maintain interval expiring on the date that’s the later of (i) 4 months and sooner or later following the date of issuance thereof, and (ii) the date the Firm turns into a reporting issuer in any province or territory in Canada.
The capital raised and shareholders added are vital to the Firm’s goal to go public.
KEY ADDITIONS TO THE TEAM:
Jaz Poole – Director/ Chief Monetary Officer
Jaz is a contract CFO for a various array of purchasers, specializing in consumer-packaged items (“CPG”), industrial actual property and the tech sector. She is nicely versed in strategic planning, development/scale advisory, digital transformations and elevating capital. Jaz holds govt MBA’s from each Cornell College (NY) & Queen’s College (ON) and her prior engagements embody: Primex Investments (Actual Property), The Very Good Butchers (Meals) and Conquer Expertise (Well being Tech).
Viren Malik – Director/ Advisor
Viren is a passionate and skilled operator that embraces the problem of constructing each a profitable model and a well-functioning crew. Viren’s roots are in gross sales and advertising and marketing, and he continues to hunt new and rising areas in these fields. Inside a Firm he owned, Viren created a carbonated soda model containing Hemp oil extract, vitamin C, Ginseng and Guarana in 2000. Viren developed and financed the model with co-packing being achieved at Whistler Water whereas he maintained the position of Nationwide Gross sales Supervisor for the corporate. Viren additionally spearheaded the combination of the Moral Bean Model into the Kraft Heinz company construction.
Dave Eto – Guide
Dave Eto has over 30 years’ expertise within the meals trade, beginning in manufacturing (Connoisseur Baker, Bread Backyard) and rising into an eventual position as CEO of the BC Dairy Affiliation and performing as a registered lobbyist addressing each federal and provincial governments as an advocate for dairy and agriculture points.
Dave has acted as a Board Member for quite a few firms within the meals trade, together with not-for-profit entities (BC Meals & Beverage, Canadian Centre for Meals Integrity), personal firms (FreePoint Applied sciences, Peqish Meals) and public firms (Naturally Splendid, Hakken Capital).
Dave’s experience in strategic planning, go-to-market planning and facility operations will likely be a worthwhile useful resource to Keto Caveman Meals.
About Keto Caveman Meals Inc.
Keto Caveman began as a restaurant 6 years in the past in downtown Vancouver providing wholesome, informal quick meals and baked items the place health-oriented prospects had been capable of order multi-diet protocol – keto, paleo, gluten-free, sugar-free, dairy-free, vegan – choices. Following the rise in demand, Keto Caveman’s bakery merchandise have turn out to be the main target of the Keto Caveman product choices. The Firm intends to give attention to promoting breads, wraps, buns, entrees, ready-to-eat meals and desserts to main grocery chains and meals providers and by way of e-commerce platforms.
KETO CAVEMAN FOODS INC.
www.ketocaveman.ca
For media inquiries or funding, please contact:
Amar Purewal
250-558-8819
amar@ascentafinance.com
Discover Keto Caveman Meals on social media:
Instagram – Cafe
Instagram – Bakery
Cautionary Word Concerning Ahead-Wanting Statements
Securities regulators have neither accredited nor disapproved the contents of this press launch and settle for no duty for the adequacy or accuracy of this press launch. This press launch incorporates statements that represent “forward-statements.” Such ahead trying statements contain identified and unknown dangers, uncertainties and different components that will trigger the Firm’s precise outcomes, efficiency or achievements, or developments to vary materially from the anticipated outcomes, efficiency or achievements expressed or implied by such forward-looking statements. Though the Firm believes, in mild of the expertise of its officers and administrators, present circumstances and anticipated future developments and different components which were thought of applicable that the expectations mirrored on this forward-looking info are affordable, undue reliance shouldn’t be positioned on them as a result of the Firm may give no assurance that they are going to show to be right. When used on this press launch, the phrases “estimate”, “mission”, “perception”, “anticipate”, “intend”, “count on”, “plan”, “predict”, “could” or “ought to” and the damaging of those phrases or such variations thereon or comparable terminology are supposed to determine forward-looking statements and knowledge. The forward-looking statements and knowledge on this press launch embody info regarding the enterprise plans of the Firm, reference to the buying and selling of the Firm Shares on a acknowledged inventory trade and the Firm’s skills to proceed to provide and promote meals merchandise in North America. Such statements and knowledge mirror the present view of the Firm. Dangers and uncertainties that will trigger precise outcomes to vary materially from these contemplated in these forward-looking statements and knowledge. By their nature, forward-looking statements contain identified and unknown dangers, uncertainties and different components which can trigger our precise outcomes, efficiency or achievements, or different future occasions, to be materially completely different from any future outcomes, efficiency or achievements expressed or implied by such forward-looking statements. Such components and dangers embody, amongst others: (a) the Firm could require further financing infrequently so as to proceed its operations which will not be accessible when wanted or on acceptable phrases and circumstances acceptable; (b) compliance with authorities regulation; (c) home and overseas legal guidelines and laws may adversely have an effect on the Firm’s enterprise and outcomes of operations; (d) the inventory markets have skilled volatility that always has been unrelated to the efficiency of firms and these fluctuations could adversely have an effect on the value of the Firm’s securities as soon as publicly listed, no matter its working efficiency; and (e) the affect of COVID-19. The forward-looking info contained on this information launch represents the expectations of the Firm as of the date of this information launch and, accordingly, is topic to vary after such date. Readers shouldn’t place undue significance on forward-looking info and shouldn’t depend upon this info as of some other date. The Firm undertakes no obligation to replace these forward-looking statements within the occasion that administration’s beliefs, estimates or opinions, or different components, ought to change. This information launch doesn’t represent a suggestion to promote, or a solicitation of a suggestion to purchase, any securities in the US.
The Firm’s securities haven’t been and won’t be registered below the US Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities legal guidelines and will not be supplied or bought inside the US or to U.S. Individuals except registered below the U.S. Securities Act and relevant state securities legal guidelines or an exemption from such registration is obtainable.
