VANCOUVER, British Columbia, July 14, 2021 (GLOBE NEWSWIRE) — Nabati Foods Global Inc. (CSE: MEAL Reserved) (“Nabati Foods” or the “Company”), a plant-based food tech company offering whole, natural, plant-based foods for health-conscious consumers, has filed patents for its proprietary, plant-based egg product, Nabati Plant Eggz, in Canada, the United States, and Australia, and intends to file in Europe, and China.
Nabati’s Plant Eggz is the first and only Canadian-made plant-based egg substitute. Nutritionally, each serving has only 90 calories with no cholesterol, six grams of protein, and two grams of fibre. It is also high in vitamin a, vitamin e, riboflavin, niacin, vitamin b12, and pantothenic acid. Unlike other plant-based eggs on the market, Nabati Plant Eggz is soy-free and gluten-free. The product will be sold in liquid form in 355ml bottles.
“Nabati is proud to be the first Canadian company to develop a plant-based egg alternative, perfect for scrambling or making omelettes with,” Nabati CEO Ahmad Yehya said. “Our product uses lupin and pea protein to provide the right consistency, taste, and texture. It was important to us to create a formulation that was free of soy and gluten, which many people avoid in their diets. We are committed to creating healthy, plant-based alternatives that everyone can enjoy.”
The global plant-based egg market is anticipated to grow by a CAGR of 5.8% through 2026 and to reach an estimated $1.48 billion USD, according to ExpertMarketResearch.com. Nabati Foods recently announced its intent to expand distribution in Asia and Europe, creating additional potential markets for the Nabati Plant Eggz product.
“These patents will further enable Nabati Foods to build its global brand and enter new markets to capitalize on the growth of the plant-based sector globally,” Yehya said. “The Nabati Plant Eggz patents will allow Nabati to protect our composition and process. It took considerable research and development to create this product, and we are very excited about what we have developed. This is just our latest innovation created to continue to help us drive the evolution of food for health-conscious consumers everywhere who are committed to building a more sustainable future.”
Nabati Plant Eggz are expected to be available later this year.
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About Nabati Foods Global Inc.
Nabati Foods Global Inc. is the owner of Nabati Foods Inc. (“Nabati Foods”), a family-founded food tech company offering whole, natural, plant-based, gluten, and soy-free foods for health-conscious consumers. Nabati was founded in 2014 and has four signature product lines including dairy-free cheesecakes, cheese alternatives, and plant-based meats. Nabati products are distributed in Canada and the U.S. through grocery, foodservice, and industrial channels. Learn more: https://invest.nabatifoods.com/
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Disclosure and Caution
Completion of the financing is subject to a number of conditions, including ensuring the financing and listing application are compliant with CSE requirements. The transaction cannot close until the required conditions are satisfied and required approvals are obtained. There can be no assurance that the financing will be completed as proposed or at all. Trading in the securities of the Company should be considered highly speculative – there is no active market for Company’s securities at this time. No regulatory body has reviewed or approved the terms to this financing.
This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors – including the ability to complete the financing, the ability to satisfy the conditions required and approvals needed to complete the transaction, availability of funds and the results of financing efforts, – that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time on SEDAR (see www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
The securities referred to in this news release have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States unless pursuant to an exemption therefrom. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction.