Komo Plant Based Foods Inc. (CSE: YUM) (OTC Pink KOMOF) (FRA:9HB) (“Komo” or the “Company”), a premium plant-based food company, announces that it voluntarily delisted its common shares from trading on the OTCQB. The delisting will be effective prior to the opening of the markets on April 18, 2023.
The Company is currently listed on Canada’s Canadian Securities Exchange (CSE:YUM) and the Frankfurt Stock Exchange (FRA:9HB), and the Company’s common shares are now quoted on the Pink tier of OTC Markets Group under the stock ticker KOMOF. The Company’s common shares continue to be eligible for electronic clearing and settlement through the Depository Trust Company (“DTC”).
DTC is a subsidiary of the Depository Trust & Clearing Corp. that manages the electronic clearing and settlement of publicly traded companies in the United States. Securities that are eligible to be electronically cleared and settled through DTC are considered to be “DTC eligible”. DTC eligibility is expected to simplify the process of trading and enhance liquidity of shares in the United States by accelerating the settlement period for transfers and reducing costs for investors.
The Company can provide no assurance that trading in its common shares will continue on the OTC Markets Group. For quotes or additional information on the OTC Pink market, please visit http://www.otcmarkets.com.
Komo Plant Based Foods is a premium plant-based food company that develops, manufactures and sells a variety of plant-based frozen meals that are always hearty, satisfying and made with wholesome ingredients. At Komo, the company’s mission is to help make plant-based meals a staple on every dinner table by sharing the company’s love for feel-good food that connects the people to the planet. The company believes plant-based eating is the future and that “Change can start with a single bite.” The company’s experienced plant-based innovation and development team recreates vegan versions of traditionally cheesy and meaty classics, with 100 per cent plants. Komo’s products are sold direct-to-consumer through the company’s e-commerce website, and a distribution network of on-line and brick and mortar grocery, convenience and natural retailer channels. The company’s operating subsidiary, Komo Comfort Foods, launched in 2021 with the company’s flagship products: plant-based lasagna, shepherd’s pie and chickenless pot pie, and Komo Plant-Based Meal Helpers — versatile meal starters to allow the creation of many dishes at home. Komo’s newest product is Mac & Greens. All of the company’s products are 100-per-cent plant-based, made with wholesome ingredients, free from preservatives and frozen for freshness. Freezing products is a natural and effective way of keeping food products for longer without having to use any preservatives. Komo’s meals have an 18-month frozen shelf life.
Learn more at: www.komocomfortfoods.com and follow on Instagram: @komocomfortfoods
For further information, please contact: William White, President & CEO, Komo Plant Based Foods Inc. firstname.lastname@example.org +1 (236) 8000-YUM / (236) 800-0986
The Canadian Securities Exchange has not reviewed, approved or disapproved the contents of this news release. Cautionary Statement Regarding Forward-Looking Statements Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or Komo’s future performance. The use of any of the words and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Komo management’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, Komo’s ability to retain key personnel, its projected revenues, its projected expenses, its ability to raise capital, and its expectation as to the continued increase in the number of retailers and consumers of its products constitute forward- looking information. Actual results and developments may differ materially from those contemplated by forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information. The statements made in this press release are made as of the date hereof. Komo disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws.
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