TSXV: JK   OTCQB: JKHCF   FRA: 68Z
The Company Continues to Provide High-Quality Food to Delivery-Only Consumers with Select Sustainable Packaging Solutions, for Which it has Recently Been Recognized
Just Kitchen Holdings Corp. ("JustKitchen" or the "Company") (TSXV: JK) (OTCQB: JKHCF) (FRA: 68Z) a technology focused and enabled operator of ghost kitchens specializing in the development of delivery-only food brands, is pleased to announce that its proprietary Go Lean food brand (" Go Lean " or the " Brand ") is the first ghost kitchen brand to be deemed eco-friendly by Foodpanda. The Brand met a specific set of criteria in order to be named as an eco-friendly offering to consumers, with all 21 current JustKitchen locations offering the Go Lean menu having received the accolade.
JustKitchen (TSXV: JK, OTCQB: JKHCF, FRA: 68Z) (CNW Group/Just Kitchen Holdings Corp.)
To be considered environmentally friendly by Foodpanda, brands must achieve at least four of nine evaluation points. Accordingly, Go Lean achieved the following five points:
The Brand has also replaced plastic lunch boxes with non-toxic boxes made of plant-based fibers. The lunch boxes are compostable and aimed at reducing pollution from Go Lean locations. The importance of reducing plastic production and use is more important than ever as over 300 million tons of plastic are produced around the world and more than 90% of that plastic is not recycled. 1
Foodpanda is a service food provider in Asia , with more than 115, 000 locations, available in over 12 countries. 2 Foodpanda aims to go above and beyond for customers by delivering food to consumers all over Asia while providing exceptional customer service. For Foodpanda, it's not just about delivering food but about making connections and food easily available to companies, families and individuals, which also aligns with JustKitchen's goals and commitments. Foodpanda has invited JustKitchen to participate in the press conference to announce Go Lean as an eco-friendly food option for its customers. More information on Foodpanda can be found on its website via the following URL: https://www.foodpanda.com
"It is an honour to have Go Lean announced as an eco-friendly brand by Foodpanda. The delivery service partner has been an important extension of our business for some time now, and we are pleased that Foodpanda has recognized Go Lean and the effort of our team to make it a more sustainable and eco-friendly option for delivery-only customers in Taiwan ," said Jason Chen , Co-Founder and Chief Executive Officer of JustKitchen. "Sustainability is important to our team at JustKitchen. We care not only about our customers but also our food and packaging suppliers, in pursuit of a better overall on-demand food experience in the areas in which we operate," added Mr. Chen.
JustKitchen is primarily a technology focused and enabled operator of ghost kitchens specializing in the development and marketing of proprietary and franchised delivery-only food brands for customers. The Company currently operates in Taiwan , Hong Kong , the Philippines and Singapore , with plans to expand operations to other Asian countries. JustKitchen uniquely utilizes a hub-and-spoke operating model, which features advanced food preparation taking place at larger hub kitchens and final meal preparation taking place at smaller spoke kitchens located in areas with higher population densities. The Company combines this operating model with online and mobile application-based food ordering fulfilled by third-party delivery companies, to minimize capital investments and operating expenses and reach more customers in underserved markets. The Company's other business, JustMarket, is an e-commerce grocery delivery platform that allows customers to purchase groceries for delivery or add select grocery items to meals ordered through JustKitchen.
For more information about the Company, please visit investors.justkitchen.com. JustKitchen's final prospectus, financial statements and management's discussion and analysis, among other documents, are all available on the Company's profile page on SEDAR at www.sedar.com .
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as "anticipates", "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed", "positioned" and other similar words, or statements that certain events or conditions "may" or "will" occur including but not limited to the Company's comments regarding providing high-quality food to delivery-only consumers with select sustainable packaging solutions. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks, including those risk factors identified in the Company's prospectus dated March 26, 2021 , and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
SOURCE Just Kitchen Holdings Corp.

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The global food delivery service market size is expected to register a CAGR of 11.4% to reach US$311.43 billion in 2028. With the advent of social distancing restrictions and COVID-19 measures, the convenience and flexibility of ghost kitchens to offer consumers new and exciting delivery-only food items continues to grow.
Food tech solutions like online food delivery and ghost kitchens (also known as virtual kitchens, dark kitchens, cloud kitchens, etc.) have been quickly evolving to meet the demands of an increasingly digitized and service-based world in recent years. The ghost kitchen industry is estimated to reach US$1 trillion by 2030. Made to reduce operating and overhead expenses through optimized infrastructure and leveraging delivery-only models, ghost kitchen companies are shaking up the food scene and this could last well into the future.
JustKitchen (TSXV: JK; OTC: JKHCF; FSE:68Z) is a network of virtual kitchens that benefit from lower overhead and operating costs to achieve better economics than operating a dine-in restaurant. The company deploys a Hub-and-Spoke operating model in certain markets, which works to enable efficiency maximization and margins.
This Hub-and-Spoke operating model takes semi-prepared food from its full-scale commercial kitchens or “Hubs," which then distribute them to “Spokes" for completion before delivery to end consumers.
JustKitchen also offers delivery-only meals under its own proprietary menus alongside established restaurant brands, including world-class Michelin star establishments. Through its proprietary software JustKitchen Operating System (“JKOS”), the integration with third party devices and applications to add food ordering capabilities for the users of those technologies is made easier. Approximately 20 proprietary in-house brands, over a dozen licensed third-party brands and two celebrity-backed brands now compose the company’s portfolio.
The company is headquartered and operates primarily in Taiwan, a renowned food tourist destination and mature food market. Being Taiwan-based strategically positions JustKitchen to leverage the country's low overhead and operating costs and high market exposure, which includes a US$16 billion dining market and high-density consumer base.
The company has plans to continue expanding to other geographic markets in the near term, like into neighbouring Asian countries, for example. It currently has 33 locations in Taiwan, several in Hong Kong, two in Singapore, at least one in the Philippines, and at least one in Malaysia. JustKitchen has also signed deals to have its food brands offered in Japan and India. Additionally, the company has several new revenue streams in the works, such as a proprietary meal ordering app and a customer loyalty/rewards program, among others.
JustKitchen leverages data to create value, improve supply chain management and optimize menu creation. Through well-engineered software, the company works to proactively predict demand for better cost management and customer satisfaction.
The company's other exciting project is the upcoming franchising of a ghost kitchen system. This would offer franchisees the opportunity to own their very own business on a turnkey basis for a modest level of investment.
JustKitchen's virtual kitchen franchise model, strength in supply chain and data integration could eventually position the company as a major global franchisor of choice for ghost kitchens and delivery-only food brands.

This operating model in its home market of Taiwan provides semi-prepared food items to designated Spokes from Hubs for meal completion and delivery. The system works to extend JustKitchen's geographic reach as compared to a traditional restaurant or food vendor, while also increasing the rate of food output and supplying local demand more quickly.
The tailored offerings vary based on price points, cuisine, brands and an evolving pipeline of food items. The robust diversity and selection offered to customers increase the scalability of JustKitchen, reduces delivery times and addresses gaps in the foodservice industry through digitally driven solutions and customer data analysis.
The company rolled out its proprietary meal delivery app in 2021. JustKitchen is also developing a value-added customer loyalty/reward program similar to other popular online food delivery apps like UberEats.
Jason Chen is the vice-chairman of Bayshore Pacific Hospitality Limited and on the board of directors. Chen has over two decades of experience working internationally in the capital markets and private equity industries. He has extensive capital markets experience as the senior executive officer and managing directorship levels with several Canadian investment dealers.
Chen is also a managing director of a capital partnership corporation specializing in corporate financing in private and public sectors, with offices in Hong Kong and Vancouver, Canada. Also, Chen is actively overseeing his private investment holding company and has held executive and board positions with several public and private companies. He also holds a Juris Doctorate and degrees in economics and philosophy.
Kent Wu is a seasoned entrepreneur with demonstrated excellence in e-commerce & logistics, strategic partnerships, digital marketing, team development and tech stack development. He is the founder and CEO of the e-commerce grocery platform Milk & Eggs, acquired in 2019 by National Strategic. He is also the co-founder of TAC City Airsoft, the largest airsoft arena company in Los Angeles, with two locations admitting more than 100,000 people per year.
Previously, Wu was the founder & CEO of online shooting sports equipment retailer Airsplat, which was acquired in 2016 and was named one of the 500 Largest Online Retailers by Internet Retailers, and one of the Largest Minority-Owned Businesses by LA Business Journal. He was also the founder and CEO of 2 Wheel Bikes, one of the fastest-growing online retailers of cycling equipment and accessories, acquired in 2014. He is currently the Managing Director of SKW Asset Holdings LLC, a real estate investment and management firm with US$20 million in assets under management.
Mr. Wright is an experienced leader with a proven track record of building high functioning teams and quality retail brands at an international level, who received the BC CEO of the Year Award for the SmallMedium Business Public Company category in 2015. Throughout his career, Edward has delivered superior outcomes consistently in multiple leadership settings, across different industries. He is currently a trustee for Vancouver College after serving as both a board member and Chair over a ten-year period, while also serving as a board member of Poplar Grove Winery since 2017.
Adam Kniec is an experienced CFO with over 20 years of CFO, senior management, accounting, auditing, financial reporting and regulatory compliance experience with Canadian and U.S. publicly listed companies. Currently, Kniec is the CFO of TSX Venture Exchange listed company Integrity Gaming Corp., a position he has held since October 2012. Previously, Kniec was the CFO of Petro Vista Energy Corp. from October 2007 to January 2019.
Mark Lin was the founding member of InComm Taiwan Branch, an international gift card platform provider, before joining JustKitchen. Lin grew sales revenue from US$1 million to over US$15 million in three years. In his role, he managed all aspects of sales and operations. Lin's expertise includes financial payment platform solutions, system integrations, business process analysis and international business development. Mr. Lin holds a B.S. in Operations Research from Columbia University.
Mr. Chang was previously the Senior R&D Director for WeMo Scooter where he developed technological solutions in a multifunctional capacity for the company's software-as-a-service platform.
Yang Liu has over eight years of experience in the hotel and restaurant industry and ten years in the film and entertainment industry. Liu is an adjunct lecturer at Providence University (Taichung, Taiwan) in the Department of Mass Communication, teaching college-level courses in media and management.
He holds a Master of Business Administration degree and a double degree in Hospitality Business and East Asian Languages and Culture from Michigan State University.
John Yu is a successful serial entrepreneur in the realm of consumer products and services. He began his career as a software engineer at a Fortune 500 company, working with Dell, Apple, and Sony. In 2005, he identified the outdated and frustrating process of buying diamond rings and seized the opportunity to start Taiwan's first jewelry e-commerce site, ALUXE, disrupting the traditional industry to provide people with a transparent, simple and joyful way to shop for and purchase engagement rings and wedding bands.
Yu is also the founder of two fast-growing e-commerce sites specializing in daily necessities and sports gear. He is currently a Director of TGI Friday's, Texas Roadhouse, Dan Ryan's Chicago Grill, and Smith & Wollensky restaurants in Taiwan and Hong Kong.
Mr Liu was head of supply chain at the Wellcome, until it was acquired by Carrefour, the French multinational corporation that operates a global chain of groceries stores, convenience stores and hypermarkets. Wayne is expected by management to lead the Company's supply chain, which continues to grow and expand into new countries. He has also been tasked with taking control of JustKitchen's enterprise resource planning system in and outside of Taiwan.
The Company has also Appointed Warren Wang as its Managing Director in Malaysia to Lead the Growth of the Business in the New Market
Just Kitchen Holdings Corp. ("JustKitchen" or the "Company") (TSXV: JK) (OTCQB: JKHCF) (FRA: 68Z) a technology-focused and enabled operator of ghost kitchens specializing in the development of delivery-only food brands, is pleased to announce the opening of two new ghost kitchen locations in Malaysia (the " New Locations "). The first location is situated within a COOX Kitchens facility in the Glo Damansara Mall (the " Mall ") in Petaling Jaya (the " PJ Location "), which opened in late May. The second location is a standalone Spoke near the commercial centre of Kuala Lumpur within the Pavilion district in Bukit Bintang (" Bukit Bintang Location ") and is targeted to open in late June. The Company will utilize GrabFood, Foodpanda, and Shopee Food as delivery service partners for the New Locations.
JustKitchen (TSXV: JK, OTCQB: JKHCF, FRA: 68Z) (CNW Group/Just Kitchen Holdings Corp.)
The PJ Location is expected to benefit from the efficiencies of a shared commercial kitchen and JustKitchen will be occupying two of the facility's 26 kitchen stalls. Initially, JustKitchen is offering an assortment of proprietary and partner food brands from this location including MrBeast Burger, Another Wing, and BIT Beef Noodles. The Mall is a six-floor shopping center located in Kuala Lumpur, Malaysia that houses a supermarket, offices, restaurants, and retail stores. 1 The Company also plans to open six to ten additional locations in and around Klang Valley in the suburbs of Jalan Ampang, Mont Kiara, Bangsar, Sri Petaling, Puchong , and Putrajaya/Cyberjaya. .
The Bukit Bintang Location is situated within walking distance from the commercial and tourist centre of Kuala Lumpur , which is also soon to be home to the 106-storey Tun Razak Exchange Tower – the new financial centre of the city. Bukit Bintang is the most prominent retail belt to many shopping and entertainment complexes in the heart of Kuala Lumpur . The Bukit Location is over 3,400 square feet and includes space for delivery and take-out services, as well as a self-serve dining area and will also serve as a mini-hub. An additional 3,400 square feet is to be used for JustKitchen's headquarters for Malaysia . The Bukit Bintang Location will prepare food from the menus of MrBeast Burger, Another Wing, BIT Beef Noodles, Curry Don, Body Fit, Thai High, Hutong, the pork-free version of In-Luck Taiwanese Delicatessen and Kitsutaya Curry, as well as pizza, boba tea and American breakfast brands being launched in the near future.
The Company also announces the appointment of Warren Wang as the Managing Director of JustKitchen in Malaysia , who has been hired to oversee the New Locations and future business development in the new market. Mr. Wang is the former General Manager of Dave and Buster's Taiwan ; he has extensive experience in the international hotel industry as well as in the restaurant and lifestyle industries. Warren has worked with the Grand Hyatt Taipei, Ambassador Hotel Group and Warner Village Cinemas Taiwan.
"We are happy to open two ghost kitchen locations in Malaysia and offer a variety of popular brands to consumers in and around Kuala Lumpur . We are grateful for the opportunity to expand JustKitchen into Malaysia and its densely populated communities," said Jason Chen , Co-Founder and Chief Executive Officer of JustKitchen. "I am confident that the New Locations will be under strong management with Warren Wang as our new Managing Director in the area and that, as a team, we will work to deliver high-quality food to a continuous set of new customers across Malaysia ," added Mr. Chen.
JustKitchen is primarily a technology-focused and enabled operator of ghost kitchens specializing in the development and marketing of proprietary and franchised delivery-only food brands for customers. The Company currently operates in Taiwan , Singapore and Hong Kong with plans to expand operations to other Asian countries. JustKitchen uniquely utilizes a hub-and-spoke operating model, which features advanced food preparation taking place at larger hub kitchens and final meal preparation taking place at smaller spoke kitchens located in areas with higher population densities. The Company combines this operating model with online and mobile application-based food ordering fulfilled by third-party delivery companies, to minimize capital investments and operating expenses and reach more customers in underserved markets. The Company's other business, JustMarket, is an e-commerce grocery delivery platform that allows customers to purchase groceries for delivery or add select grocery items to meals ordered through JustKitchen.

For more information about the Company, please visit investors.justkitchen.com. JustKitchen's final prospectus, financial statements and management's discussion and analysis, among other documents, are all available on the Company's profile page on SEDAR at www.sedar.com .
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS
This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as "anticipates", "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed", "positioned" and other similar words, or statements that certain events or conditions "may" or "will" occur including but not limited to the Company's comments regarding the PJ Location expecting to benefit from the efficiencies of a shared commercial kitchen and opening in late May; the Bukit Bintang Location opening in late June; utilizing GrabFood, Foodpanda, and Shopee Food as delivery service partners for the New Locations; and the launch of pizza, boba tea and American breakfast brands in the near future. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks, including those risk factors identified in the Company's prospectus dated March 26, 2021 , and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
ENDNOTES
SOURCE Just Kitchen Holdings Corp.

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The Company has Signed an Agreement with India's Largest Co-Shared Kitchen Space Provider to Offer a Variety of its Delivery-Only Food Brands in Tranches Across the Large, New Market
Just Kitchen Holdings Corp. ("JustKitchen" or the "Company") (TSXV: JK) (OTCQB: JKHCF) (FRA: 68Z) a technology focused and enabled operator of ghost kitchens specializing in the development of delivery-only food brands, is pleased to announce it has signed a royalty-based Virtual Kitchen Services Agreement (the " Agreement ") with Cloud Retail Solutions Private Limited doing business as Kitchens Centre (" Kitchens Centre "), which is located in New Delhi, India . Effective April 16, 2022 the Agreement makes JustKitchen's portfolio of food brands available for delivery in the large, new Indian market, which is planned to be authorized and deployed in multiple tranches.
JustKitchen (TSXV: JK, OTCQB: JKHCF, FRA: 68Z) (CNW Group/Just Kitchen Holdings Corp.)
Pursuant to the terms and conditions of the Agreement, Kitchens Centre has agreed to perform all services related to order intake and fulfillment including, but not limited to, food preparation, packaging and coordination of order pick-ups by third-party delivery service providers. In exchange for making its portfolio of approximately 30 food brands available to Kitchens Centre in India , JustKitchen will receive a percentage of net receipts on all orders and has agreed to provide access to its manuals and portals, provide training to Kitchens Centre's personnel, complete inspections and execute a mutually agreed upon a marketing strategy, among other terms.
"We are thrilled to partner with JustKitchen to quickly ramp up its presence in all tier 1 cities in India within the year. With great recipe development capabilities by both Kitchens Centre and JustKitchen's culinary team, specialized ghost kitchen SOP's , and wonderful customer experience, we are confident that JustKitchen's brands will be an instant hit in the country" said co-founder and CEO, Lakshay Jain of Kitchens Centre. Kitchens Centre is the largest co-shared kitchen space provider in India with over 1000 kitchens, in 80 locations in over 25 cities and it works with more than 350 brands. The business aims to provide young food entrepreneurs with access to the cloud kitchen space. It also provides opportunities to established brands, like those of JustKitchen, to expand into new markets and explore business prospects in food delivery-centric locales across India .
Kitchens Centre also offers facilities on a kitchen-as-a-service (" KaaS ") to its clients. KaaS is a service that provides a well-equipped, ready-to-use kitchen to anyone who wants to either start their new culinary venture or wants to expand to new locations without adding physical stores. 1 Kitchens Centre provides ready-to-move-in, compliant delivery-based commercial kitchens to food and beverage brands aiming to reduce overhead costs for businesses, along with many other benefits. More information about Kitchens Centre can be found on its website: https://www.kitchenscentre.com/
Management Commentary
"We are excited to enter the large Indian market, which is yet another new market for JustKitchen in 2022. Expanding our footprint across Asia and deploying our tasty proprietary menus plus third-party brands to new customers, in a scalable and asset-lite model, continues to be at the core of our competitive strategy. And Kitchens Centre's innovative business model makes our collaboration very exciting to will certainly expedite our growth," said Jason Chen , Co-Founder and Chief Executive Officer of JustKitchen. "To have Kitchens Centre offer JustKitchen's delivery-based brands to a significant new group of consumers in India is aligned with our mission of providing people around the world with authentic, high-quality and easily accessible food, all enhanced by the power of technology," added Mr. Chen.
ABOUT JUSTKITCHEN
JustKitchen is primarily a technology focused and enabled operator of ghost kitchens specializing in the development and marketing of proprietary and franchised delivery-only food brands for customers. The Company currently conducts business in Taiwan , Hong Kong , India , the Philippines and Singapore with plans to expand operations to other Asian countries. JustKitchen uniquely utilizes a hub-and-spoke operating model where appropriate, which features advanced food preparation taking place at larger hub kitchens and final meal preparation taking place at smaller spoke kitchens located in areas with higher population densities. The Company combines this operating model with online and mobile application-based food ordering fulfilled by third-party delivery companies, to minimize capital investments and operating expenses and reach more customers in underserved markets. The Company's other business, JustMarket, is an e-commerce grocery delivery platform that allows customers to purchase groceries for delivery or add select grocery items to meals ordered through JustKitchen.
For more information about the Company, please visit investors.justkitchen.com. JustKitchen's final prospectus, financial statements and management's discussion and analysis, among other documents, are all available on the Company's profile page on SEDAR at www.sedar.com .
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS
This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as "anticipates", "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed", "positioned" and other similar words, or statements that certain events or conditions "may" or "will" occur including but not limited to the Company's comments regarding making JustKitchen's portfolio of food brands available for delivery in the large, new market of India for the first time; and authorizing and deploying food brands in multiple tranches. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks, including those risk factors identified in the Company's prospectus dated March 26, 2021 , and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
Endnotes:
SOURCE Just Kitchen Holdings Corp.

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The Company's Total Revenue and Retail Order Volume Increased in Q2 2022 by 127% and 151%, Respectively, as its Number of Ghost Kitchen Locations Grew From 14 to 28 Locations on a Year-Over-Year Basis
Just Kitchen Holdings Corp. ("JustKitchen" or the "Company") (TSXV: JK) (OTC: JKHCF) ( Frankfurt : 68Z) an operator of ghost kitchens specializing in the development of delivery-only food brands, is pleased to announce that it has filed its unaudited financial results for the second fiscal quarter ending March 31, 2022 the highlights of which are included in this news release. The full set of Condensed Consolidated Interim Financial Statements and Management Discussion and Analysis can be viewed by visiting the Company's website at en.justkitchen.com or its profile page on SEDAR at www.sedar.com .
JustKitchen (TSXV: JK, OTCQB: JKHCF, FRA: 68Z) (CNW Group/Just Kitchen Holdings Corp.)
Financial Highlights
Management Commentary
"Exceeding five million dollars in total revenue for the first time in a quarter is a significant achievement for JustKitchen. I am proud of our entire team for working so hard to reach this milestone and am very grateful to our customers and third-party stakeholders in a growing list of jurisdictions for their support," said Jason Chen , Co-Founder and Chief Executive Officer of JustKitchen. "As we grow beyond 30 ghost kitchen locations in multiple countries, expand our portfolio of proprietary and partner brands, increase the size and scope of our business network, as well as strengthen our JKOS tech stack, we are widening JustKitchen's competitive moat and proving that there is an increasing level of demand for high-quality food delivered to consumers in densely populated areas," added Mr. Chen.
Summary of Key Financial Measures
Quarter ended
March 31, 2022
$
Quarter ended
March 31, 2021
$
Number of kitchens
28
14
Revenue from retail customers
$4,662,519
$1,975,110
Revenue from business
$376,819
$249,171
Total Revenue
$5,039,338
$2,224,281
Number of retail deliveries
321,914
128,400
Average retail delivery size
$14.48
$15.38
Net loss
$(5,442,157)
$(2,530,157)
Comprehensive loss
$(4,826,520)
$(2,387,038)
Basic loss per share
$(0.07)
$(0.06)
Diluted loss per share
$(0.07)
$(0.06)
The following is a reconciliation of Adjusted EBITDA to Income (Loss) from Operations:
Quarter ended
March 31, 2022
$
Quarter ended
March 31, 2021
$
Loss for the period
(5,442,157)
(2,530,157)
Interest expense
30,760
26,581
Depreciation expense
474,612
223,735
Amortization expense
19,932

EBITDA
(4,916,853)
(2,279,841)
Stock-based compensation
333,172
533,166
Adjusted EBITDA 1
(4,583,681)
(1,746,675)
1.
Adjusted EBITDA is a financial measure that does not have a standardized meaning under IFRS. Adjusted EBITDA is defined as earnings before interest expense, depreciation, amortization, and stock-based compensation. As there is no standardized method of calculating Adjusted EBITDA, it may not be directly comparable with similarly titled measures used by other companies. The Company considers Adjusted EBITDA to be a relevant indicator for measuring trends in performance and its ability to generate funds to service its debt and to meet its future working capital and capital expenditure requirements. Adjusted EBITDA is not a generally accepted earnings measure and should not be considered in isolation or as an alternative to net income (loss), cash flows or other measures of performance prepared in accordance with IFRS.

Corporate Highlights Subsequent to March 31, 2022
The Company:
Similar to the statement provided in the announcement of the Company's previous financial results, and despite the significant increase in revenues and order volume on a year-over-year basis, the Company anticipates that operating costs will remain proportionally elevated in the near term to support its continued expansion in its home market of Taiwan as well as in Hong Kong , Japan , Malaysia , the Philippines , Singapore and elsewhere.
ABOUT JUSTKITCHEN
JustKitchen is primarily an operator of ghost kitchens specializing in the development and marketing of proprietary and franchised delivery-only food brands for customers. The Company currently operates in Taiwan and Hong Kong with plans to expand operations to other Asian countries. JustKitchen uniquely utilizes a hub-and-spoke operating model, which features advanced food preparation taking place at larger hub kitchens and final meal preparation taking place at smaller spoke kitchens located in areas with higher population densities. The Company combines this operating model with online and mobile application-based food ordering fulfilled by third-party delivery companies, to minimize capital investments and operating expenses and reach more customers in underserved markets. The Company's other business, JustMarket, is an e-commerce grocery delivery platform that allows customers to purchase groceries for delivery or add select grocery items to meals ordered through JustKitchen.
For more information about the Company, please visit investors.justkitchen.com. JustKitchen's final prospectus, financial statements and management's discussion and analysis, among other documents, are all available on the Company's profile page on SEDAR at www.sedar.com .
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
CONTACT INFORMATION
FORWARD-LOOKING STATEMENTS
This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as "anticipates", "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed", "positioned" and other similar words, or statements that certain events or conditions "may" or "will" occur including but not limited to the Company's comments regarding growing beyond 30 ghost kitchen locations in multiple countries; expanding its portfolio of proprietary and partner brands; increasing the size and scope of its business network; strengthening its JKOS tech stack; widening its competitive moat; and expanding its operational footprint in the Philippines , Japan , Malaysia , Singapore and elsewhere. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks, including those risk factors identified in the Company's prospectus dated March 26, 2021 , and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
SOURCE Just Kitchen Holdings Corp.

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The Company Also Continues to Expand its Brand Portfolio by Adding Kitsutaya, an Affordable, Family-Oriented, Japanese Menu Easily Accessed by Consumers Through JustKitchen's and Third-Party Food Delivery Apps
Just Kitchen Holdings Corp. ("JustKitchen" or the "Company") (TSXV: JK) (OTCQB: JKHCF) (FRA: 68Z), a technology focused and enabled operator of ghost kitchens specializing in the development of delivery-only food brands, is pleased to announce that is has launched Mr. Chili (" Mr. Chili " or the " Brand "), which is an exclusive, delivery-only, spicy noodle menu created in association with the Mr. Hot instant noodle brand in Taiwan . To date, JustKitchen is the first and only ghost kitchen affiliate of Mr. Hot and its celebrity endorser, Jam Hsiao Ching-Teng the famous Taiwanese singer and actor. Additionally, the Company has launched a new curry and don brand, Kitsutaya Curry Donburi (" Kitsutaya ") to appeal to families with children as the menu adds a sweet taste to more traditional curry and don meals at an affordable price point.
JustKitchen (TSXV: JK, OTCQB: JKHCF, FRA: 68Z) (CNW Group/Just Kitchen Holdings Corp.)
JustKitchen has created and recently launched Mr. Chili food items based on the ingredients and recipes of Mr. Hot products, to provide quality meals to convenience-seeking consumers who are also fans of Jam Hsiao. According to the Nielsen Marketing Research Consultant Co., Taiwan's instant noodle market recently approached NT$11 billion . 1 The total sales volume of Mr. Hot instant noodles in Taiwan is more than 1.1 million packs per year, due in part to the endorsement of Mr. Ching-Teng. Jam Hsiao Ching-Teng is primarily a pop singer who currently has over 1.95 million followers on Facebook, among other platforms. Mr. Ching Teng is currently the celebrity personality of Mr. Hot and is involved in the research and development process of many of its food products.
Mr. Ching-Teng recently completed a world tour with 70 concerts, including 25 concerts in Taiwan , with approximately 300,00 tickets sold. He is also the winner of the 13th Golden Melody Award as the Best Male Singer, which is the biggest music award in Taiwan . Jam Hsiao has also acted in several films like "The Killer Who Never Kills" and "My Geeky Nerdy Buddies", and successfully won the best new actor award at the Hong Kong Film Awards.
The Company has also developed and recently launched another proprietary brand, Kitsutaya. It was developed to meet the strong level of demand for curry and don cuisine in the Taiwan market, but with a lower price point than comparable menus suitable for family budgets. Kitsutaya has been available on the JustKitchen app as well as on UberEats and FoodPanda since April 20, 2022 . Offering Japanese cuisine to Taiwanese consumers has been deemed essential by Company management as it is currently one of the most popular cuisines in the country. Kitsutaya has been positioned as a complement to JustKitchen's other curry brand, Master Don Curry, but at a lower average price point. According to Taiwan Business Topics, Taipei has some of the best Japanese food in the world, outside of Japan , due to the range and quality of the city's authentic Japanese restaurants. 2 Also, Japan is the most popular destination for Taiwanese travellers, with over 4.5 million residents travelling to Japan per year, partially due to the cuisine. 3
Management Commentary
"We are excited to launch Mr. Chili in collaboration with Mr. Hot and the one and only Jam Hsiao Ching-Teng. This is an amazing opportunity for JustKitchen to launch our proprietary celebrity endorsed brand and making the instant connection to his fans worldwide," said Jason Chen , Co-Founder and Chief Executive Officer of JustKitchen. "Adding Kitsutaya as a Japanese brand from JustKitchen and having it available for delivery to consumers throughout Taiwan is also very important to the Company. Kitsutaya was originated by our data science team in identifying a cuisine gap that fulfils the family friendly and accessible categories," added Mr. Chen.
JustKitchen is primarily a technology focused and enabled operator of ghost kitchens specializing in the development and marketing of proprietary and franchised delivery-only food brands for customers. The Company currently operates in Taiwan , Singapore and Hong Kong with plans to expand operations to other Asian countries. JustKitchen uniquely utilizes a hub-and-spoke operating model, which features advanced food preparation taking place at larger hub kitchens and final meal preparation taking place at smaller spoke kitchens located in areas with higher population densities. The Company combines this operating model with online and mobile application-based food ordering fulfilled by third-party delivery companies, to minimize capital investments and operating expenses and reach more customers in underserved markets. The Company's other business, JustMarket, is an e-commerce grocery delivery platform that allows customers to purchase groceries for delivery or add select grocery items to meals ordered through JustKitchen.
For more information about the Company, please visit investors.justkitchen.com. JustKitchen's final prospectus, financial statements and management's discussion and analysis, among other documents, are all available on the Company's profile page on SEDAR at www.sedar.com .
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS
This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as "anticipates", "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed", "positioned" and other similar words, or statements that certain events or conditions "may" or "will" occur including but not limited to the Company's comments regarding providing quality meals to convenience-seeking consumers who are also fans of Jam Hsiao; the Kitsutaya menu being easily accessed by consumers through JustKitchen's and other food delivery apps; the strong level of demand for curry and don cuisine in the Taiwan market; and having more flexibility to serve a broader spectrum of the market via two different curry brands. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks, including those risk factors identified in the Company's prospectus dated March 26, 2021 , and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
Endnotes
SOURCE Just Kitchen Holdings Corp.

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The Company Enters Arrangement with Dine Brands to Sell IHOP ® 's Iconic Food Items from Multiple Ghost Kitchen Locations
Just Kitchen Holdings Corp. ("JustKitchen" or the "Company") (TSXV: JK) (OTCQB: JKHCF) (FRA: 68Z), a technology focused and enabled operator of ghost kitchens specializing in the development of delivery-only food brands, is pleased to announce an agreement (the " Agreement ") with Dine Brands International, Inc. (" Dine Brands ") to sell IHOP ® 's World-Famous Pancakes, Breakfast Combos, Omelettes, Burritos, Bowls, and more from a minimum of seven of its ghost kitchen locations in Taiwan . The initial seven locations are selected by the Company's Data Science team to further its data analysis for highest product market fit, with additional rollouts to follow. IHOP ® 's innovative menu with easy portability in mind will be offered to delivery-only consumers via mobile applications and prepared at JustKitchen's locations in Neihu, Bade, Zhonghe, Fuzhou Renai, Minsheng and Sanchong. The Agreement grants JustKitchen the right to cook and prepare IHOP ® meals using ingredients and recipes approved by Dine Brands.
JustKitchen (TSXV: JK, OTCQB: JKHCF, FRA: 68Z) (CNW Group/Just Kitchen Holdings Corp.)
For more than 63 years, IHOP ® has been a leader, innovator and expert in all things breakfast, any time of day. The chain offers 65 different signature, fresh, made-to-order breakfast options, and a wide selection of popular lunch and dinner items. As of September 30, 2021 , there are 1,750 IHOP ® restaurants around the world, including restaurants in the United States and the District of Columbia , Puerto Rico , and Guam as well as Canada , Ecuador , India , Mexico , Pakistan , Panama , and Peru . Once IHOP ® is successfully launched by JustKitchen in Taiwan , the Company will strive to offer the brand in its other current markets.
"We are excited to be working with Dine Brands and our data analytics show that the cuisine gap and demand exists for JustKitchen to begin serving IHOP ® to new and existing customers in the Asia Pacific region. I am proud of our team for continuing to add to our portfolio of global brands and for being able to bring a brand as iconic as IHOP ® to the delivery-only food market in Taiwan ," said Jason Chen , Co-Founder and Chief Executive Officer of JustKitchen. "Dine Brands and JustKitchen are committed to offer and market the IHOP ® brand and bring its international appeal to our customers. Moreover, we will work hard to make this deal a success and are looking forward to identifying future opportunities for growth with Dine Brands," added Mr. Chen.
"At Dine Brands, we are continuing to grow our iconic brands' international presence through multiple channels, including innovative ghost kitchens," said Gary Moore , Regional Vice President of Franchise Operations, Dine Brands Global, Inc. "Thanks to our partnership with JustKitchen, we will now be able to serve IHOP ® 's world-famous pancakes and familiar comfort foods to residents in Taiwan ."
Based in Glendale, California , Dine Brands Global, Inc. (NYSE: DIN), through its subsidiaries, franchises restaurants under both the Applebee's Neighborhood Grill + Bar and IHOP ® brands. With approximately 3,440 restaurants combined in 16 countries and approximately 350 franchisees, Dine Brands is one of the largest full-service restaurant companies in the world. For more information on Dine Brands, visit the Company's website located at www.dinebrands.com .
JustKitchen is primarily a technology focused and enabled operator of ghost kitchens specializing in the development and marketing of proprietary and franchised delivery-only food brands for customers. The Company currently operates in Taiwan , Singapore and Hong Kong with plans to expand operations to other Asian countries. JustKitchen uniquely utilizes a hub-and-spoke operating model, which features advanced food preparation taking place at larger hub kitchens and final meal preparation taking place at smaller spoke kitchens located in areas with higher population densities. The Company combines this operating model with online and mobile application-based food ordering fulfilled by third-party delivery companies, to minimize capital investments and operating expenses and reach more customers in underserved markets. The Company's other business, JustMarket, is an e-commerce grocery delivery platform that allows customers to purchase groceries for delivery or add select grocery items to meals ordered through JustKitchen.
For more information about the Company, please visit investors.justkitchen.com. JustKitchen's final prospectus, financial statements and management's discussion and analysis, among other documents, are all available on the Company's profile page on SEDAR at www.sedar.com .
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS
This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as "anticipates", "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed", "positioned" and other similar words, or statements that certain events or conditions "may" or "will" occur including but not limited to the Company's comments regarding finalizing the menu in the near future; offering IHOP ® -branded meals to delivery-only consumers via mobile applications and preparing them at seven locations in Taiwan ; and offering IHOP ® -branded food items in Hong Kong , the Philippines and Singapore , as well as others, in the future. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks, including those risk factors identified in the Company's prospectus dated March 26, 2021 , and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
SOURCE Just Kitchen Holdings Corp.

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Naturally Splendid Enterprises Ltd. ("Naturally Splendid", "NSE" or "the Company") (FRANKFURT:50N) (TSXV:NSP) (OTC PINK:NSPDF) announces its audited financial results for the year ended December 31, 2021. All amounts are in Canadian dollars and are prepared in accordance with International Financial Reporting Standards
Naturally Splendid Chief Financial Officer Mr. George Ragogna states, "The company continues to focus on reducing operating overheads while we continue to re-purpose our existing certified food facility in Pitt Meadows, BC to optimize production of plant-based entrees. We have made positive strides for the Company in several areas including securing an exclusive ten (10) year manufacturing and distribution agreement for Canada with Flexitarian Foods Pty. Ltd, Australia's largest plant-based manufacturer. This 10-year exclusive manufacturing agreement can be extended for a further ten (10) year period.
The facility build-out will allow for the production of up to twenty (20) tons of plant-based entrees daily for the majority of our standard plant-based offerings, but as much as thirty (30) tons of plant-based production daily for certain products. This translates to a manufacturing capacity potential of over $30,000,000 CDN annually. Our manufacturing facility remains a cornerstone to the future of the Company as we expect to drive revenue from not only our Company branded products, but also through private label and contract manufacturing clients.
Ragogna continues, "The Company is focused on penetrating the plant-based market both in food service and retail channels. Initially, the Company focused on food service, developing a network of distributors that include national distribution partners such as Sysco Canada and Gordon Food Services (GFS). The Company recently engaged one of Canada's leading foodservice brokers, Tri-Elite Marketing to represent PlanteinTM across Canada. Food service was our initial focus, producing successes such as a national listing for our plant-based nuggets and tenders with Denny's Canada and Bar One restaurants".
The Company recently launched PlanteinTM, the Company's retail line of plant-based entrees. In this regard, the Company has secured exclusive rights for the PlanteinTM trademark for Canada from Flexitarian Foods. The term for licensing the PlanteinTM trademark is for ten (10) years with a ten (10) year renewal option, matching the term of the exclusive manufacturing and distribution agreement from Flexitarian Foods. Our initial PlanteinTM launch focuses on eight (8) plant-based entrees including a plant-based; Burger; Crispy Burger; Crumbed Tenders; Sweet Chili Tenders; Nuggets; Schnitzel (cutlet); Garlic Kiev; and the Phishy Fillet.
While we continue to progress with the build-out of our facility, our combination of brokers, distributors and internal sales staff continues to work towards increasing our sales in both food service and retail channels. All manufacturing equipment has been ordered, however, continued supply chain issues have delayed shipment of certain components of the manufacturing line which is pushing out the completion date of the facility. As such we have taken proactive measures with our strategic partners, Flexitarian Foods, and have ordered additional containers of product to support our aggressive sales strategy."
Company CEO Mr. Craig Goodwin states, "The Company recently attended three (3) significant industry tradeshows that have been on a hiatus for the past two (2) years due to the pandemic. Being able to sample our delicious entrees in tradeshow settings has made a huge difference, generating significant interest in our PlanteinTM line of plant-based offerings. Tradeshows attended include; Western Canada's largest natural, health and organics trade event, Canadian Health Food Association (CHFA) tradeshow; Grocery & Specialty Food West, Canada's leading western grocery trade fair; and the Planted Expo, Canada's largest plant-based consumer event of the year. These shows affirmed our belief that we have a winning product line and we have seen an increase in sales activity from retailers, food service outlets as well as consumers buying directly through the PlanteinTM website (www.plantein.ca).
Ragogna concludes, "The Company continues to make plant-based food manufacturing our priority. We firmly believe that the plant-based category has a bright future and as a manufacturer, we are well positioned to penetrate this market. Senior management is reviewing all operations and continues to create and execute a detailed strategic plan that focusses our attention on our core plant-based manufacturing business while reducing or eliminating operations that are not contributing to the growth of the Company".
During this reporting period, Covid-19 uncertainty negatively affected sales of existing product lines as well as impaired launches of new product lines. On March 11, 2020, the World Health Organization declared the outbreak of the novel coronavirus ("COVID-19") a global pandemic resulting in governments worldwide, including the Canadian government, to enact extensive measures in an effort to limit the spread of the virus. These measures, which include social distancing, travel restrictions, outright travel bans, and closures of non-essential businesses including restaurants, created a challenging period for the Company.Naturally Splendid recorded a net loss and comprehensive loss of $3,269,452 for the year ended December 31, 2021, compared with a net loss of $4,659,642 during the year ended December 31, 2020. The decrease in net loss and comprehensive loss was attributed to the decrease in selling and distribution expenses.
Gross profit margins increased by 3.4 percent of sales in the year ended December 31, 2021, compared with the year ended December 31, 2020. This is due to the increased profit margins in the new plant-based sales. The company's sales decreased by approximately $812,600 from the comparative period. During the year ended December 31, 2021, selling and distribution expenses decreased by approximately $560,000 largely due to a decrease in production (facility costs, quality assurance and lab testing) and production wages, which were offset by the government wage subsidy received during the year. Administrative expenses decreased by approximately $896,000 predominantly from corporate promotions and share-based payments. The decrease was attributed to a reduction in investor relations activity and the reduction of share-based payments.
Naturally Splendid recorded sales of $763,796 during the year ended December 31, 2021, compared with $1,576,408 for the year ended December 31, 2020.
The Company's sales decreased by approximately $813,000 from the comparative period. The Company had decreased sales in its private-label bars and bites business by approximately $790,000 and other branded products decreased by approximately $5,000. Branded hemp products decreased by approximately $65,000 and its new Natera Sport products decreased by approximately $149,000. The Company had sales of approximately $211,000 in its new Plant-based products.
During the year ended December 31, 2021, selling and distribution expenses decreased by approximately $560,000 largely due to a decrease in production (facility costs, quality assurance, lab testing and reduced production) and production wages which were offset by the government wage subsidy received during the quarter. Administrative expenses decreased by approximately $896,000 mainly from share-based payments and corporate promotions. The decrease was attributed to a reductionin investor relationsactivity due to the pandemicand the reduction of corporate salaries from the government wage subsidy.
The cost of sales during the year ended December 31, 2021, and 2020, were $681,615 and $1,576,408 respectively. The company gross margin percentage was 10.8 percent of sales during the year ended December 31, 2021.
The company continued its sales mix with exports of bulk seeds and launching its new plant-based products. The bulk hemp seeds sold at a lower gross margin percentage than compared with the plant-based products and private label sales. The company will continue to focus on its higher-margin products and new commercial opportunities. Gross profits for the year ended December 31, 2021, were $82,181 (11 percent of sales) compared with $142,930 (7 percent of sales) for the year ended December 31, 2020.
For the Year Ended December 31, 2021
For the Year Ended December 31, 2020
$
$
Statements of Loss Data
Revenue
763,796
1,576,408
Cost of sales
(681,615)
(1,460,279)
Gross Profit
82,181
116,129
Selling and distribution expenses
(713,810)
(1,274,349)
Administrative expenses
(2,637,737)
(3,534,307)
Net income (loss)
(3,141,931)
(4,659,642)
Basic and Diluted Earnings (Loss)
Per Share
(0.01)
(0.03)
About Naturally Splendid Enterprises Ltd.
Founded in 2010, NSE operates a food manufacturing facility just outside Vancouver, BC in Canada. The Company has established numerous healthy, functional foods under recognized brands such as Natera Sport™, Natera Hemp Foods, CHII, Elevate Me™ and Woods Wild Bar™, and most recently Natera Plant Based Foods, a line of delicious plant-based meat alternatives for the rapidly growing plant-based market segment. The Company has a myriad of new products and line extensions under development that are approaching launch. NSE, through its joint venture Plasm Pharmaceutical, has been approved for conducting a phase 2 clinical trial approved by Health Canada for treatment of COVID-19. NSE has also developed proprietary technologies for the extraction of high-demand, healthy omega 3 and 6 oils from hemp.
NSE contract manufacturers for healthy, functional food products and ingredients focusing on plant-based ingredients. The Company provides contract manufacturing services for many healthy food companies, private labeling a wide variety of nutritional food products destined for global healthy food markets.
For more information e-mail info@naturallysplendid.com or call Investor Relations at 604-570-0902 (ext. 101)
On Behalf of the Board of Directors
Mr. J. Craig Goodwin CEO, Director
Contact Information
Naturally Splendid Enterprises Ltd.
(NSP – TSX Venture; NSPDF – OTCQB; 50N – Frankfurt)
#108-19100 Airport Way
Pitt Meadows, BC, V3Y 0E2
Office: (604) 570-0902
Fax: (604) 465-1128
E-mail : info@naturallysplendid.com
Website: www.naturallysplendid.com
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Naturally Splendid cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Naturally Splendid's control including, Naturally Splendid's ability to compete with large food and beverage companies; sales of any potential products developed will be profitable; sales of shelled hemp seed will continue at existing rates or increase; the ability to complete the sales of all bulk hemp seed purchase orders; and the risk that any of the potential applications may not receive all required regulatory or legal approval. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Naturally Splendid undertakes no obligation to publicly update or revise forward-looking information.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
SOURCE: Naturally Splendid Enterprises Ltd.
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Billy Goat Brands Ltd. (the " Company " or " Billy Goat Brands ") (CSE: GOAT), an investment issuer focused on investing in high-potential companies operating in the food technology sector, is pleased to announce it has entered into a non-binding Letter of Intent (the " LOI ") dated June 30, 2022 with Kojo Pet Performance Inc. (" Kojo ").
The LOI contemplates a Proposed Transaction, whereby the Company would acquire all issued and outstanding securities of Kojo by way of a share exchange agreement. Kojo is an innovative pet-food brand focused on producing and marketing plant and cell-based pet food offerings.
The Proposed Transaction
Pursuant to the proposed transaction, the Company will issue common share in its capital to the holders of common shares in the capital of Kojo (the " Consideration Shares ") at a deemed price per consideration share at a deemed price per Consideration Share equal to the minimum price allowed pursuant to the policies of the Canadian Securities Exchange, representing aggregate consideration to be determined and mutually agreed upon by the parties with reference to a pending valuation of Kojo, expected to be in the range of $500,000 to $1,000,000.
Additional shares may be issuable to the shareholders of Kojo, subject to the fulfillment of certain performance milestones being completed within 36 months from the closing date of the Proposed Transaction (the " Milestone Payments ").
The Proposed Transaction will be completed pursuant to available prospectus exemptions in accordance with applicable securities legislation. The Company and Kojo have agreed to negotiate in good faith the terms of a definitive agreement with respect to the proposed transaction within 60 days from the LOI.
The Proposed Transaction is subject to receipt of all necessary regulatory approvals, including, as applicable, approval of the CSE, completion of due diligence reasonable or customary in a transaction of a similar nature, and entering into a definitive agreement, among other conditions. The proposed transaction would be an arm's-length transaction for the company and would not constitute a fundamental change or result in a change of control of the company, within the meaning of the policies of the CSE.
The Company also announces that Tony Harris has resigned as Chief Executive Officer and Director effective immediately. Billy Goat Brands would like to thank Mr. Harris for his many contributions to the company and wishes him well with his future endeavours. Lawrence Hay, director of the Company will assume the role of Chief Executive Officer.
ABOUT Billy Goat Brands
Billy Goat Brands is an investment issuer focused on investing in high-potential companies operating in the food technology sector.
For more information about the Company, please visit https://billygoatbrands.com/. The Company's final prospectus, financial statements and management's discussion and analysis, among other documents, are all available on its profile page on SEDAR at www.sedar.com .
The CSE has neither approved nor disapproved the contents of this news 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.
CAUTIONARY STATEMENT REGARDING "FORWARD-LOOKING" INFORMATION
This news release contains certain forward-looking statements within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as "anticipates", "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed", "positioned" and other similar words, or statements that certain events or conditions "may" or "will" occur. The Company has provided the forward-looking statements in reliance on assumptions that it believes are reasonable at this time. All such forward-looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. Such risks and uncertainties include, without limitation, delays resulting from or inability to obtain required regulatory approval. The reader is cautioned that the assumptions used in the preparation of the forward-looking statements may prove to be incorrect and the actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits, including the amount of proceeds, the Company will derive therefrom. Readers are cautioned that the foregoing list of factors is not exhaustive. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
CONTACT INFORMATION
Lawrence Hay, Director
Billy Goat Brands Ltd.
Email: info@billygoatbrands.com
Phone: +1 (604) 687-2038
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 Greenlane Renewables Inc. ("Greenlane") (TSX: GRN) (FSE: 52G) is pleased to announce that it has hired Monty R. Balderston to be Chief Financial Officer, effective July 18 2022.
Greenlane Renewables Inc. Logo (CNW Group/Greenlane Renewables Inc.)
Mr. Balderston joins Greenlane with over 25 years of experience in progressively senior financial leadership positions, including the role of Chief Financial Officer, in both public and private companies spanning mechanical equipment provisioning and installation, civil construction, industrial supply, maintenance services, and diversified energy services. He is a Chartered Professional Accountant and holds a Bachelor of Commerce degree from the University of Alberta . Mr. Balderston began his career at PricewaterhouseCoopers LLP and for the last five years was the Chief Financial Officer with Mosaic Capital Corporation where he oversaw all financial reporting processes and strategic planning, including budgeting, forecasting and acquisitions.
"We are excited to have Monty join the Greenlane team, as he brings an extensive background in corporate finance and senior executive leadership," said Brad Douville , President and Chief Executive Officer. "His background in senior finance and accounting roles, including capital markets experience with equity and debt financings, as well as mergers and acquisitions, will add significant value not only to our team but to our shareholders as well."
Lynda Freeman , the Company's current Chief Financial Officer, who is resigning from the post to spend more time with her young family, will remain in her position until Mr. Balderston's appointment. Following his appointment, Ms. Freeman will continue with Greenlane on a part-time basis in an alternate role, ensuring a seamless transition. "I would also like to thank Ms. Freeman for her dedication and professionalism and we wish her all the best as she shifts her focus to family," said Mr. Douville.
Greenlane Renewables is a pioneer in the rapidly growing renewable natural gas ("RNG") industry. As a leading global provider of biogas upgrading systems, we are helping to clean up two of the largest and most difficult-to-decarbonize sectors of the global energy system: the natural gas grid and the commercial transportation sector. Our systems produce clean, low-carbon and carbon-negative RNG from organic waste sources such as landfills, wastewater treatment plants, dairy farms, and food waste streams. To the company's knowledge,  Greenlane is the only biogas upgrading company offering the three main technologies: waterwash, pressure swing adsorption, and membrane separation. Greenlane's business has been built on over 30 years of industry experience, patented and proprietary technology, over 100 hydrogen sulfide treatment systems sold, and over 135 biogas upgrading systems sold into 19 countries, including some of the largest RNG production facilities in the world. For further information, please visit www.greenlanerenewables. com .
SOURCE Greenlane Renewables Inc.

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dynaCERT Inc. (TSX: DYA) (OTCQB: DYFSF) (FRA: DMJ) (" dynaCERT " or the "Company") is pleased to announce the results of the annual and special meeting of its shareholders, which was completed today (the "Meeting"). The Meeting was held virtually via TSX Trust Company's virtual meeting platform. A total of 107,783,677 common shares of the Company (each, a "Common Share"), representing 28.25 % of the total Common Shares outstanding, were represented in person or by proxy at the Meeting. dynaCERT 's shareholders voted in favor of all items of business put forward at the Meeting, being the election of all nominated directors and the re‐appointment of BDO Canada LLP as the auditors of the Company.
The votes in respect of each of these items were held via ballot, the results of which were as follows:
Description of Matter Voted Upon
Result of Vote

Votes by Ballot

Votes For
# (%)
Votes Against/Withheld
# (%)
1. Amendment to resolution fixing the number of directors from seven (7) to five (5)
Passed
101,865,187 (100.0%)
Nil
2. Ordinary resolution fixing the number of directors at five (5)
Passed
98,961,567 (97.15%)
2,903,620 (2.85%)
3. Ordinary resolution approving the election of the following nominees as directors of the Corporation

Elected
Elected
Elected
Elected
Elected

98,680,420 (96.87%)
68,725,492 (67.46%)
98,059,560 (96.26%)
87,492,015 (85.88%)
83,395,133 (81.86%)

3,192,971 (3.13%)
33,147,899 (32.54%)
3,813,831 (3.74%)
14,381,376 (14.12%)
18,478,258 (18.14%)

4. Ordinary resolution approving the appointment of BDO Canada LLP as auditors of the Corporation
Passed
95,126,793 (88.26%)
12,648,780 (11.74%)
Completion of Review
On April 4, 2022, the Company announced that the Company's audit committee had engaged independent legal counsel to assist them in examining the validity, legal standing, enforceability, and potential future recoverability of certain related party and other transactions as disclosed in note 24 of the Company's audited financial statements in respect of the financial year ended December 31, 2021. The review by the Audit Committee is now complete and the following is a summary of some of the findings and conclusions of the review. The Audit Committee, in consultation with its independent counsel, conducted a detailed review of each of the items referenced in the aforementioned note 24. This process included reviews of all documents, communications, correspondence, resolutions and supporting materials relating to each item, in addition to conversations between the Audit Committee's counsel and members of the Company's management. The Company is reporting on the following salient points from the Audit Committee's findings:
(a) Related Party Transactions
(b) Other Transactions
Having reviewed the Audit Committee's findings at the Board level, the Company has noted certain procedural errors in connection with some of the transactions reviewed and has concluded that certain weaknesses in the Company's internal controls have become apparent. These include the following:
Having reviewed the findings of the Audit Committee and considering the internal control weaknesses noted thereby, the Company has adopted the following remedial measures:
About dynaCERT Inc.
dyna CERT Inc. manufactures and distributes Carbon Emission Reduction Technology for use with internal combustion engines. As part of the growing global hydrogen economy, our patented technology creates hydrogen and oxygen on-demand through a unique electrolysis system and supplies these gases through the air intake to enhance combustion, resulting in lower carbon emissions and greater fuel efficiency. Our technology is designed for use with many types and sizes of diesel engines used in on-road vehicles, refrigerated trailers, off-road construction, power generation, mining and forestry equipment, marine vessels and railroad locomotives. Website: www.dynaCERT.com .
READER ADVISORY
Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, forward-looking information in this press release includes, but is not limited to the remedial steps outlined following the review of certain transactions by the Company's audit committee. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance of achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.
Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: uncertainty as to whether our strategies and business plans will yield the expected benefits; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology and changes in laws and regulations; the uncertainty of the emerging hydrogen economy; including the hydrogen economy moving at a pace not anticipated; our ability to secure and maintain strategic relationships and distribution agreements; and the other risk factors disclosed under our profile on SEDAR at www.sedar.com . Readers are cautioned that this list of risk factors should not be construed as exhaustive.
The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.
Neither The Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the The Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of the release.
On Behalf of the Board
Murray James Payne, CEO

View source version on businesswire.com: https://www.businesswire.com/news/home/20220629006037/en/
Jim Payne, CEO & President
dynaCERT Inc.
#101 – 501 Alliance Avenue
Toronto, Ontario M6N 2J1
+1 (416) 766-9691 x 2
jpayne@ dynaCERT .com

Investor Relations
dynaCERT Inc.
Nancy Massicotte
+1 (416) 766-9691 x 1
nmassicotte@ dynaCERT .com
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BriaCell Therapeutics Corp. (Nasdaq: BCTX, BCTXW) (TSX: BCT) ("BriaCell" or the "Company") a clinical-stage biotechnology company specializing in targeted immunotherapies for cancer, today announced a research collaboration agreement with Harvard Medical School in support of a project led by Joan S. Brugge, PhD, a faculty member. The project aims to discover new targets that may lead to the development of novel anti-cancer treatments.
The research collaboration will focus on the discovery and development of novel targets to enhance tumor cell responsiveness to chemotherapy and immunotherapies in specific cancers including lung, head and neck, cervical, and bladder cancers. The research team at Harvard Medical School is led by Joan S. Brugge, PhD, who is the Louise Foote Pfeiffer Professor of Cell Biology and Co-Director of the Ludwig Cancer Center.
"We are grateful for the opportunity to work with Prof. Brugge and her expert team at Harvard Medical School to advance discovery in oncology," stated Dr. Miguel Lopez-Lago, BriaCell's Chief Scientific Officer. "We are hopeful that insights from this effort may potentially inform BriaCell's future R&D aims in developing novel anti-cancer drugs. This research collaboration is in line with our overall strategy of developing safe and effective treatments for cancer patients with large unmet medical needs."
"Scientists have made tremendous strides in understanding the basic biology of cancer over the last decade. Despite this formidable progress, persistent challenges remain in translating these discoveries into effective and safe precision-targeted cancer treatments," stated Brugge. "Our work aims to solve these challenges."
BriaCell will have the option to negotiate a license to innovations owned by Harvard University that arise under the one-year collaboration. The research agreement was coordinated by Harvard's Office of Technology Development.
About BriaCell Therapeutics Corp.
BriaCell is an immuno-oncology focused biotechnology company developing targeted and effective approaches for the management of cancer. More information is available at https://briacell.com/ .
Safe Harbor
This press release contains "forward-looking statements" that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as "anticipate," "believe," "contemplate," "could," "estimate," "expect," "intend," "seek," "may," "might," "plan," "potential," "predict," "project," "target," "aim," "should," "will," "would," or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Examples of forward-looking statements in this news release include, among others, statements that the Company makes regarding the potential for discovering and developing new targets that may lead to the development of novel anti-cancer treatments. Forward-looking statements are based on BriaCell's current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully under the heading "Risks and Uncertainties" in the Company's most recent Management's Discussion and Analysis, under the heading "Risk Factors" in the Company's most recent Annual Information Form, and under "Risks and Uncertainties" in the Company's other filings with the Canadian securities regulatory authorities and the U.S. Securities and Exchange Commission, all of which are available under our profiles on SEDAR at www.sedar.com and on EDGAR at www.sec.gov . Forward-looking statements contained in this announcement are made as of this date, and BriaCell Therapeutics Corp. undertakes no duty to update such information except as required under applicable law.
Neither Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Information
Company Contact:
William V. Williams, MD
President & CEO
1-888-485-6340
info@briacell.com
Media Relations:
Jules Abraham
Director of Public Relations
CORE IR
917-885-7378
julesa@coreir.com
Investor Relations Contact:
CORE IR
investors@briacell.com

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 BioHarvest Sciences Inc. (CSE: BHSC) ("BioHarvest" or "the Company") invites its shareholders and the general public to join a Live Video Conference ("Webinar") on Thursday, July 7, 2022, at 2:00 PM Eastern Standard Time (11:00 AM Pacific Standard Time).
BioHarvest Sciences CEO Ilan Sobel will host the event, which will include coverage of Q2 sales results and a detailed progress update on the 2022 Growth Priorities, with specific focus on the VINIA scale-up progress in the USA and on the Company's Cannabis market entry strategy into North America.
"We have reached the midpoint of 2022, which will be remembered as a transformative year in BioHarvest Science's growth," states CEO Ilan Sobel, adding "This year we have already made key additions to our leadership team and reached major scientific milestones – I am very excited to discuss our progress on the VINIA USA scale-up, to provide a high level update on strategic partnership discussions with key players in the North American Cannabis landscape, and to share my thoughts with our Bioharvest shareholder partners on how our disruptive platform technology will reshape the future of the Cannabis industry in North America."
The presentation will be approximately 45 minutes, followed by a live question and answer session. All shareholders, media, and interested investors are welcome to join. All registrants will be emailed a recording of the session. Any questions regarding the event can be sent to justin@bioharvest.com.
Register for free at: Q2 2022 BioHarvest Sciences Inc. Shareholder Update | BioHarvest Sciences (livestorm.co)
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About BioHarvest Sciences Inc.
BioHarvest Sciences Inc. (CSE: BHSC) is a fast-growing Biotech firm listed on the Canadian Securities Exchange. BioHarvest has developed a patented bio-cell growth platform technology capable of growing the active and beneficial ingredients in fruit and plants, at industrial scale, without the need to grow the plant itself. This technology is economical, ensures consistency, and avoids the negative environmental impacts associated with traditional agriculture. BioHarvest is currently focused on nutraceuticals and the medicinal cannabis markets. Visit:www.bioharvest.com.
BioHarvest Sciences Inc.
Ilan Sobel, Chief Executive Officer
For further information, please contact:
Dave Ryan, VP Investor Relations & Director
Phone: 1 (604) 622-1186
Email: dave@bioharvest.com
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Forward-Looking Statements
Information set forth in this news release might include forward-looking statements that are based on management's current estimates, beliefs, intentions, and expectations, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. There is no assurance that we will achieve our objective of making our products available in multiple markets. There is no assurance that the Company will be successful in expanding its technology to broader medical applications or conduct clinical trials to validate the efficacy of the Company's products for new forms of medical treatments. There is no assurance that we will achieve our objective of being a leading supplier of Cannabis, whether in North America or other global markets. Delays and cost overruns may result in delays achieving our objectives obtaining market acceptance and regulatory approvals for geographic expansion are subject to risk and cannot be guaranteed. Projected sales of Cannabis will require the company to obtain production and/or export licensing which cannot be assured.
All forward-looking statements are inherently uncertain and actual results may be affected by a number of material factors beyond our control. Readers should not place undue reliance on forward-looking statements. BHSC does not intend to update forward-looking statement disclosures other than through our regular management discussion and analysis disclosures.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accept responsibility for the adequacy or accuracy of this release.

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