- Repeat orders of Feel Foods’ (FEEL) Black Sheep Vegan Cheeze products have increased by 2,288 per cent four months after its launch
- Feel Foods is also working with Tony Waters Agencies, a national natural food broker, to add distributors and provide sales representation
- Feel Foods has received a ‘Safe Food for Canadians’ license from the Canadian Food Inspection Agency
- Feel Foods (FEEL) is down 18.18 per cent at C$0.09 at 13:32 EST
Feel Foods (FEEL) has reported a 22-fold increase in repeat orders of its Black Sheep Vegan Cheeze products.
CEO of Feel Foods, David Greenway commented on the news.
“We are rapidly expanding our distribution throughout Western Canada with increased orders from Summit and are focused on a country wide expansion of our unique plant-based food products.”
Feel Foods is working with Tony Waters Agencies, a national natural food broker. Tony Waters Agencies will assist in bringing on additional distributors and provide sales representation to the Canadian natural foods market.
Feel Foods has received a ‘Safe Food for Canadians’ license from the Canadian Food Inspection Agency, allowing Feel Foods to sell its plant-based food products throughout Canada and export to other countries.
The plant-based food market is expected to grow at a rate of 11.9 per cent from 2020 to 2027 to reach $74.2 billion by 2027. The growth of this market is mainly attributed to the factors such as increasing incidence of intolerance for animal protein, growing urbanization with new consumer aspirations, increasing vegan population, and significant venture investments in this sector.
Summit Specialty Foods is a Western Canadian food distributor that manages over 125 brands and offers a full range of natural, organic and specialty products in all these categories, including refrigerated, frozen and dry grocery.
Feel Foods’ wholly-owned premium vegan cheese brand ‘Black Sheep Vegan Cheeze’ was founded in 2017 and is currently producing 10 unique vegan dairy substitute products at the company’s Okanagan commercial kitchen.
Feel Foods (FEEL) is down 18.18 per cent at C$0.09 at 13:32 EST.