Eat Beyond Portfolio Company Nabati is Changing the Game for
Plant-Based, Non-Dairy Cheese Products
Vancouver, B.C. & Edmonton, AB – December 22, 2020 –
InvestorsHub NewsWire - Eat
Beyond Global Holdings Inc.
(CSE:
EATS)
(OTCPK:
EATBF)
(FSE:
988)
("Eat
Beyond" or
the "Company"),
an investment issuer focused on the global plant-based
and alternative
food sector, is announcing that
its portfolio company,
Nabati Foods Inc. ("Nabati"),
has
gained a listing for its first chain of supermarkets in the United
States, Food Bazaar Supermarket, with the support of
KeHE
Distributors. The
chain has 29 stores in New York, New Jersey, and
Connecticut. Nabati's dairy-free cheesecakes are
currently listed in 4 of their 29
stores.
Edmonton-based
Nabati offers healthy, plant-based products that are distributed
throughout the North American Market. All products are certified
gluten-free, dairy-free, egg-free, refined sugar-free, non-GMO,
certified kosher, and certified
vegan.
Nabati's
dairy-free
cheesecakes are in over 120 independent stores across the U.S.
Sales of Nabati's dairy-free cheesecakes and
Nabati Cheeze have increased by 66% in the
past year.
"What we hear from
the market is that our dairy-free cheesecakes are really
unrivaled. There is nothing else on the market quite like these,"
said Ahmad Yehya, CEO of Nabati. "We already have a month-long
production queue for all of our products, and we are rushing to get
our second facility up and running to allow us to process
multiple product lines simultaneously and increase production
capacity significantly."
Nabati has recently
expanded its distribution channel mix to include e-commerce and
industrial sales, rounding
out its already
healthy sales via grocery and foodservice.
Industrial sales will enable third party consumer packaged goods
companies to use Nabati Cheeze as an ingredient.
"We
created these products to bridge the gap between plant-based cheese
and dairy cheese; we weren't happy with
what was already
available in the market because it felt like a compromise," said
Ahmad Yehya, CEO of Nabati. "We wanted to create something that can
directly compete with dairy cheese. It is designed to melt and feel
the same, and we even made the packaging consistent with dairy
cheese, offering a 320-gram package rather than a 200-gram package
that we see other plant-based cheese brands offering."
Nabati
will be also
launching cheese slices in 2021, for which there is already market
demand.
"Something that we
have heard from so many of the successful entrepreneurs in this
space is that if you really want people to switch to plant-based
foods, you need to make something that is as good
or better than the legacy product," said Patrick Morris, CEO of Eat
Beyond. "Nabati has done that - they have refused to compromise on
taste and it is paying off."
Nabati Mac
and Cheeze, the perfect holiday side
dish:
https://youtu.be/vZTk01kmoHw
Eat
Beyond is also pleased to announce the launch of its updated
website: https://eatbeyondglobal.com/
About Eat Beyond Global Holdings
Eat Beyond Global Holdings Inc. ("Eat
Beyond") (CSE:
EATS)
(OTCPK:
EATBF)
(FSE:
988) is
an investment issuer that makes it easy to invest in the future of
food. Eat Beyond identifies and makes equity investments in global
companies that are developing and commercializing
innovative food tech as well as plant-based and alternative food
products. Led by a team of food industry experts, Eat Beyond is the
first issuer of its kind in Canada, providing retail investors with
the unique opportunity to participate in the
growth of a broad cross-section of opportunities in the alternative
food sector, and access companies that are leading the charge
toward a smarter, more secure food
supply. Learn more: https://eatbeyondglobal.com/
Find Eat Beyond on
Social Media on LinkedIn, Instagram, Twitter
and Facebook
For media
inquiries, please contact: Brittany@Exvera.com
For investment
inquiries, please contact: Info@Eatbeyondglobal.com
For
further information, please contact Cindy Chiu at
Info@Eatbeyondglobal.com or
(236) 521-6499
