08:55:30 EDT Thu 28 Mar 2024
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USA
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Pangea Natural Foods Inc
Symbol PNGA
Shares Issued 27,335,001
Close 2022-09-22 C$ 0.165
Market Cap C$ 4,510,275
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Pangea Natural lists old-fashioned ghee at Urban Fare

2022-09-22 14:10 ET - News Release

Mr. Pratap Sandhu reports

PANGEA ANNOUNCES PRODUCT LISTING INTO URBAN FARE, WESTERN CANADA'S GOURMET SUPERMARKET CHAIN

Pangea Natural Foods Inc. has listed its old-fashioned ghee in all Urban Fare stores located across multiple upscale districts in British Columbia and Alberta.

Urban Fare is a subsidiary of the Pattison Food Group, which is Canada's largest western-based provider of food and health products. Headquartered in British Columbia, Canada, Pattison Food Group's legacy spans a business going back 107 years and now employs more than 30,000 team members. Currently with six locations across Vancouver, Calgary and Kelowna, Urban Fare is primarily upmarket, with a focus on high-end, gourmet, organic and imported foods.

Effective immediately, Pangea's old-fashioned ghee is now listed in all six Urban Fare locations in British Columbia and Alberta. The company's old-fashioned ghee is a grass-fed, organic, clarified butter sourced from New Zealand.

Pangea's chief executive officer, Pratap Sandhu, commented on the company's new distribution with Urban Fare: "This is officially our second listing with the Pattison Food Group, as we already sell our products in Save-On-Foods locations. Now having been added to the shelves in all Urban Fare locations, we see this is another vote of confidence testifying the elite quality of our old-fashioned ghee product. We look forward to introducing our products to Urban Fare's customers, who are known for their discerning tastes and their focus on delicious, nutritious and sustainable eating."

Ghee is a clarified and unsalted form of butter that is caramelized and transformed into pure fat at a high smoking point, with the milk solids removed, meaning even the lactose-intolerant to enjoy the remaining pure ghee.

The global ghee market reached a value of $45.7-billion (U.S.) in 2021 and is expected to reach $68.9-billion (U.S.) by 2027, growing at a CAGR (compound annual growth rate) of 7.18 per cent.

All of the company's products are manufactured in the Vancouver Lower Mainland at an in-house facility approved by both the Canadian Food Inspection Agency and the U.S. Food and Drug Administration. To provide a convenient experience for its customers, the company offers its products for purchase through e-commerce platforms and traditional retail outlets.

About Pangea Natural Foods Inc.

Pangea Natural Foods is a food manufacturing company focused on manufacturing and distributing high-quality food products across North America.

We seek Safe Harbor.

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