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Be the first with the news that moves the market- Komo (YUM) has more than doubled its retail distribution to 840 stores over the past three months
- New Canadian locations as of January 2023 include Georgia Main Group (IGA West and Fresh St. Market), Sobey’s West, Safeway, Freson Brothers and Boites à Grain
- The company anticipates further growth over the next few months
- Komo is a premium plant-based food company that develops, manufactures and sells a variety of frozen meals and meal starters
- Komo Plant Based Foods (YUM) is down by 12 per cent, trading at $0.22 per share
Komo (YUM) has more than doubled its retail distribution to 840 stores over the past three months.
The company’s Canada-wide presence includes Loblaws and Loblaw banner stores, as well as 50 new retail stores in January 2023, including Georgia Main Group (IGA West and Fresh St. Market), Sobey’s West, Safeway and Freson Brothers locations in western Canada, and key natural accounts such as Boites à Grain in Quebec.
According to Bloomberg Intelligence, the plant-based foods market could make up to 7.7 per cent or $162 billion of the global protein market by 2030. The market stood at a mere $29.4 billion in 2020.
“Our focus has always been to provide high-quality, delicious plant-based meals, and this growth in distribution demonstrates that more and more people are not only choosing our products as part of their diet, but repeat purchases in national accounts, such as Loblaw’s banners, continue to prove that families are welcoming Komo into their lives on a weekly, and sometimes daily, basis,” stated William White, Komo’s CEO.
“We look forward to continued growth and expanding our reach in the coming months,” he added.
Komo is a premium plant-based food company that develops, manufactures and sells a variety of frozen meals and meal starters.
Komo Plant Based Foods (YUM) is down by 12 per cent, trading at $0.22 per share as of 11:02 am EST.
