VANCOUVER, British Columbia, Oct 01, 2021 (GLOBE NEWSWIRE) – Nabati Food Global Inc. (âNabati Foods“or the”Society“), a food technology company that offers healthy plant-based food products, is pleased to announce that it has now received approval to list its common stock (the”Ordinary actions“) on the Canadian Securities Exchange (“CSE“). The ordinary shares will begin trading on the CSE on October 4, 2021 under the symbol “MEALâ.
âWe are very happy to announce the listing of Nabati Foods on the CSE,â said Ahmad Yehya, CEO, COO and Director. âWe are extremely optimistic about the booming plant-based food industry and Nabati’s position in the market. “
For further information regarding the Company and its activities, please consult the Company’s detailed non-offer prospectus dated September 20, 2021 (the âProspectusâ) In support of his application for registration with the CSE. A copy of the prospectus has been filed under the Company’s SEDAR profile at www.sedar.com.
In connection with the listing on the CSE, the Company also announces that 4,509,390 incentive stock options (the “”Options“) have been granted to directors, officers, employees and consultants of the Company in accordance with the Company’s stock option plan (the”Option plan“). The options have an exercise price of $ 0.50 per common share and may be exercised for a period of five years from the date of registration, unless terminated earlier in accordance with the terms of the plan. options. Options and common shares issued on exercise will be subject to a four-month and one-day hold period from the date of grant. In addition, the Company granted 500,000 restricted share units (the âRSUâ) To a director of the Company in accordance with the terms of the Restricted Share Unit Plan of the Company. Certain Options and RSUs are subject to escrow conditions, as further described in the Prospectus.
About Nabati Foods Global Inc.
Nabati Foods Global Inc., through its wholly owned subsidiary, Nabati Foods Inc., is a food technology company providing whole, natural, plant-based, gluten-free and soy-free foods for concerned consumers. their health. Nabati Foods was founded in 2014 in Edmonton, Alberta, and has since grown to offer healthy, plant-based food products across North America. All of Nabati Foods’ products are certified gluten free, dairy free, egg free, refined sugar free, all natural (GMO free), certified kosher and certified vegans. The Company offers four flagship product lines, including dairy-free cheesecakes, cheese substitutes, plant-based egg substitutes and plant-based meats. Nabati Foods products are distributed across Canada, the United States and internationally through grocery, restaurant, e-commerce and industrial channels. Find out more: https://invest.nabatifoods.com/.
ON BEHALF OF THE BOARD OF DIRECTORS:
Director, CEO and COO
For investor inquiries or further information please contact: [email protected]
For media inquiries, please contact: [email protected]
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The CSE has neither approved nor disapproved the contents of this press release. Neither the CSE nor its market regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities of Nabati in any jurisdiction in which such an offer, solicitation or sale would be illegal. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “”U.S. Securities Law“), or any state securities law. Accordingly, the securities may not be offered or sold in the United States or to persons in the United States (as defined in Regulation S under US Securities Act) unless they are registered under the US Securities Act and applicable state securities laws, or in accordance with exemptions from the registration requirements of the United States Securities Act and laws on applicable state securities.
Forward-looking information disclaimer
This press release includes certain forward-looking statements and forward-looking information (collectively, “forward-looking statementsâ) Within the meaning of applicable Canadian securities legislation. The use of any of the words âexpectâ, âanticipateâ, âcontinueâ, âestimateâ, âobjectiveâ, âmayâ, âwillâ, âplanâ, âshouldâ, âbelieveâ “,” Plan “,” intentions “and similar expressions are intended to identify forward-looking information or statements. Forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which these forward-looking statements and information are based are reasonable, one should not place undue reliance on forward-looking statements and information, as the Company cannot guarantee that they will prove to be correct. Because forward-looking statements and information deal with future events and conditions, by their very nature they involve inherent risks and uncertainties. Forward-looking information contained in this press release includes statements regarding the general business plans of the Company, the herbal food industry and the Company’s market position, as well as statements regarding the listing of ordinary shares to the CSE. Actual results could differ materially from those currently expected due to a number of factors and risks. Factors which could have a material impact on this forward-looking information are described in the risk factors of the Prospectus and the appendices attached thereto, which are available on the Company’s profile on SEDAR at www.sedar.com.
Readers are cautioned that the above list of factors is not exhaustive. The forward-looking statements included in this press release are expressly qualified by this cautionary statement. The forward-looking statements and information contained in this press release are made as of the date hereof and the Company assumes no obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise. , unless required by applicable law.