Mr. Jordan Ender reports
ZOGLO'S INCREDIBLE FOOD ANNOUNCES THE DEPARTURE OF CEO AND THE APPOINTMENT OF A NEW DIRECTOR
Zoglo's Incredible Food Corp.'s chief executive officer, chief operations officer and a director of the board has resigned, effective Dec. 30, 2022.
The company is also pleased to announce the appointment of Jordan Ender as a director of the company.
Mr. Ender has over 15 years of experience within the food retail, broker and distribution industry. He leads the Grey Jay Sales' operations as vice-president, with responsibility for businesses across Canada. He also oversees expansion efforts into emerging markets. The food and CPG (consumer packaged goods) industry has always been his passion while promoting brands that bring quality and uniqueness to the marketplace. Mr. Ender has always enjoyed working with various corporate retailers across Canada and the United States to help ensure that they get the right assortment of new product trends. Mr. Ender has managed various different teams within the food and beverage industry and is very well diversified across the other divisions.
The company and its board following continuing discussions with majority shareholders have initiated a reorganization of the board and management team. The company and board will conduct a strategic review to appoint a new CEO that can lead and execute Zoglo's expansion plans to the United States and maximize shareholder value.
Further, the company will not be proceeding with the grant of 4,351,209 stock options at an exercise of five cents per share over five years to an officer and certain consultants of the company as previously announced on Dec. 22, 2022.
Zoglo's Incredible Food Corp.
Zoglo's is a publicly traded plant-based food company that offers nutrient-rich, plant-based appetizers, veggies and meat substitutes to fulfill consumers needs for all occasions and cooking requirements. The company's wholly owned subsidiary, Zoglo's Incredible Food Inc., currently offers 14 products through its Traditional Green Box product line and aims to offer 12 innovative products for the mainstream market through its new Zoglo's Incredible Black Box product line. Over the past 25 years, Zoglo's products have been in distribution in over 1,300 retail stores across Canada, including Walmart, Shoppers Drug Mart, Sobeys and Loblaws, and has representation in the United States and Europe. The company trades on the Canadian Securities Exchange under the ticker ZOG and on the Frankfurt Stock Exchange under the ticker 7UT.
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