- Coho Collective (COHO) and Beyond Oil (BOIL) have signed a non-binding letter of intent
- Coho will introduce Beyond Oil’s fry oil product to its kitchens’ frying systems to improve fry oil life and reduce oil waste
- If pending oil enhancement testing is successful, Beyond Oil and Coho may negotiate the terms of a definitive agreement with Beyond Oil
- Beyond Oil manufactures a patented formulation which reduces the free fatty acids from cooking oil
- Coho provides private and shared kitchen and food production space to a variety of businesses
- Coho Collective Kitchens Inc. (COHO) opened trading at C$0.22
Coho Collective (COHO) and Beyond Oil (BOIL) have signed a non-binding letter of intent.
Coho will introduce Beyond Oil’s fry oil product to its kitchens’ frying systems to improve fry oil life and reduce oil waste.
Beyond Oil and Coho expect to undertake the oil enhancement testing process at one of Coho’s ghost kitchen facilities in late August. If the tests are successful, Beyond Oil and Coho may negotiate the terms of a definitive agreement, which will be led by Beyond Oil’s distributor, TEJA Food Group.
Andrew Barnes, CEO of Coho Collective, commented on the collaboration.
“Coho was founded based on our passion for food. We are always exploring collaboration with outstanding food start-ups and restaurants that want to change the food industry.”
He added,
“We aim to solve many of the problems facing small and medium-sized food companies and found Beyond Oil’s solution to be compelling. Our hope is that this solution will bring leverage and added value for Coho’s members, while helping them provide their customers with healthier and tastier food.”
Dr. Tamir Gedo, CEO of Beyond Oil, commented on the partnership with Coho.
“As Beyond Oil approaches commercialization, we are pleased to be working with Coho Collective Kitchens. Beyond Oil and Coho are two innovative companies that are not afraid to challenge conventions,” said “Coho is at the forefront of the rapidly growing ghost kitchen market, and we look forward to working with the Coho team. This collaboration is an additional strategic step for Beyond Oil and accelerates our commercialization and expansion into new markets, while continuing to change the face of the restaurant industry toward a more sustainable future.”
Beyond Oil manufactures a patented formulation which reduces the free fatty acids from cooking oil.
Coho is a commercial real estate and food technology company that provides private and shared kitchen and food production space to a variety of businesses.
Coho Collective Kitchens Inc. (COHO) opened trading at C$0.22.
