Business
Plantify Foods Provides Operational Update with New Production Line
(TheNewswire) Vancouver, British Columbia – The Newswire – March 13, 2024 - ...
About this update from Plantify Foods Inc
[{"type":"text","content":"Plantify Foods Provides Operational Update with New Production Line\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, British Columbia – The\nNewswire – March 13, 2024 -\n \n \n Plantify Foods,\nInc.\n \n \n (TSXV: PTFY)\n \n \n (\"\n \n \n Plantify\n \n \n Foods\n \n \n \" or the \"\n \n \n Company\n \n \n \"), a Clean Label food company\ndedicated to providing consumers with nutritious and delicious food\noptions, is pleased to announce that its wholly owned subsidiary and\noperating entity, Peas of Bean (“\n \n \n POB\n \n \n ”), recently\ncommissioned a new production line in order to meet growing sales\ndemand. The new production line will be dedicated to Dips, Spreads\n& Salads (collectively “\n \n \n Salads\n \n \n ”), and Soups, where the Company has\nseen a significant increase in sales in these two product\ncategories.\n \n \n \n \n \"The foundational work and pragmatic approach by\nthe operations team is commendable and is a pivotal step towards\nscaling our operations and alleviating the growing pains associated\nwith expansion.”,\n \n \n said\nSuzette Ramcharan, CEO of Plantify Foods.\n \n \n \n \n “The new production line is more efficient, which\nwill reduce labour costs and provide operational flexibility. It is a\ntestament to our commitment to meeting and increasing demand for our\nSalads and Soups. We offer a total of 21 different Salad options, and\n5 Soup variations, and we continue to conduct R&D to improve and\nincrease our product offering. The Soups and certain Salads are also\nthe highest margin products that we produce.”,\n \n \n said Noam Ftecha, CEO of POB.\n \n \n \n \n Ready To Scale\n \n \n \n \n In response to new retail customers and white label\npartners for its Salads and Soups, the Company purchased new\nmanufacturing equipment and assembled a new production line. The new\nproduction line is three times faster (3x) than the existing line,\nwhich will:\n \n \n \n \n \n \n Serve the growing demand for the Salads and Soups,\nespecially in new markets; and\n \n \n \n \n \n \n Reduce labour costs while increasing operational\nefficiencies.\n \n \n \n \n \n \n The current operations (a new facility commissioned in\n2023), was built to sc...