00:42:45 EDT Mon 20 May 2024
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Planting Hope Company Inc (The)
Symbol MYLK
Shares Issued 77,961,178
Close 2024-02-05 C$ 0.11
Market Cap C$ 8,575,730
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Planting Hope adds Barista Blend to 20 Costco stores

2024-02-06 12:05 ET - News Release

Ms. Julia Stamberger reports

PLANTING HOPE ANNOUNCES DISTRIBUTION OF HOPE AND SESAME(R) BARISTA BLEND SESAMEMILK IN COSTCO WAREHOUSE STORES

The Planting Hope Company Inc. has launched its Hope and Sesame Barista Blend sesamemilk in 20 select Costco warehouse stores across the Pacific Northwest region of the United States, including locations in Washington, Oregon, Idaho and Alaska. This rotation program will be in the store for approximately 12 weeks or while supplies last. Future and expanded distribution opportunities with Costco are dependent on many factors, including sales velocity during this initial program.

Hope and Sesame Barista Blend sesamemilk is packaged in a special six-pack unit of six 32-ounce cartons just for Costco warehouse members at $18.99/six-pack (equivalent to $3.19 per carton). Costco distribution is done on shoppable pallets of a single selected product, in this case the top seller in the Hope and Sesame product line, the Barista Blend, which specially formulated to froth, foam, steam and perform like a dream in hot and iced beverages, from coffee to teas and bubble teas, to matcha and smoothies.

Hope and Sesame sesamemilk is a breakthrough in plant-based milks, offering a quantum leap forward in sustainability: a six-pack of sesamemilk saves 582 litres of water over the same size six-pack case of almond milk.

Cradle to grave, Hope and Sesame Barista Blend uses 54 per cent less water than oat milk, 75 per cent less than almond milk and 84 per cent less than dairy milk, per a study conducted in partnership with Planet FWD. Sesamemilk is packed with nutrition, supplying two times the protein of comparable oat or almond barista-style milk products. The rest of the sesamemilk line provides eight times the protein in almond milk and three times the protein in oat milk.

"We are thrilled to introduce our Hope and Sesame Barista Blend sesamemilk across the Pacific Northwest, ostensibly the seat of coffee innovation in the United States and an area that has been the incubator for great cafes, from Starbucks to Stumptown to Caffe Umbria," said Julia Stamberger, chief executive officer and co-founder, Planting Hope. "By switching to sesamemilk, Costco members are able to upgrade the deliciousness of their plant-based milk, plus double up their protein and save a substantial amount of water over most barista almond and oat milks."

"Fittingly, Hope and Sesame sesamemilk is being introduced to Costco members during the Lunar New Year season, where sesame is part of many traditional foods served to celebrate the new year across Asia," continued Ms. Stamberger. "We're excited to celebrate 2024, the Year of the Dragon!"

Washington:

  • Bellingham, Wash. -- 4125 Arctic Ave., 98226;
  • Issaquah, Wash. -- 1801 10th Ave. NW, 98027;
  • Kennewick, Wash. -- 8505 W. Gage Blvd, 99336;
  • Seattle, Wash. -- 4401 4th Ave. S, 98134;
  • Shoreline, Wash. -- 1175 N 205th St., 98133;
  • Silverdale, Wash. -- 10000 Mickelberry Rd. NW, 98383;
  • Spokane, Wash. -- 12020 N Newport Hwy, 99218;
  • Spokane, Wash. -- 5601 E Sprague Ave., 99212;
  • Tukwila, Wash. -- 400 Costco Dr. Ste 150, 98188.

Oregon:

  • Bend, Ore. -- 2500 NE Hwy 20, 97701;
  • Central Point, Ore. -- 3075 Hamrick Rd., 97502;
  • Clackamas, Ore. -- 13130 SE 84th Ave., 97015;
  • Eugene, Ore. -- 2828 Chad Dr., 97408;
  • Hillsboro, Ore. -- 1255 NE 48th Ave., 97124;
  • Portland, Ore. -- 4849 NE 138th Ave., 97230;
  • Salem, Ore. -- 4885 27th Ave. SE, 97306;
  • Tigard, Ore. -- 7850 SW Dartmouth St., 97223.

Idaho:

  • Couer D'Alene, Idaho -- 355 E Neider Ave., 83815.

Alaska:

  • Anchorage, Alaska -- 330 W Dimond Blvd., 99515;
  • Northeast Anchorage, Alaska -- 4125 Debarr Rd., 99508.

About The Planting Hope Company Inc.

Planting Hope is reimagining and reinventing food today so that the planet can feed 10 billion people tomorrow. A foodtech-driven company at the forefront of sustainable consumer food and beverage evolution, Planting Hope transforms nutrient-dense, widely cultivated crops into innovative, nutrient-rich products that reimagine pantry staples in the largest, fastest-growing global food categories.

We seek Safe Harbor.

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