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Sophie’s Kitchen, an investee of Billy Goat Manufacturers, companions with

  • Sophie’s Kitchen lands a main brokerage gross sales deal and can profit from Southwind’s devoted nationwide gross sales drive and the tens of hundreds of shops already promoting its merchandise.
  • Southwind is a extremely revered fishing business chief with over $550,000,000 in annual gross sales.
  • Sophie’s Kitchen plant-based protein choices will now be supplied alongside merchandise from this main multi-generational seafood distributor.
  • Fairness partnership marks Southwind’s entry into the plant-based meals house

VANCOUVER, British Columbia, November 17, 2021 (GLOBE NEWSWIRE) — Billy Goat Manufacturers Ltd. (“GOAT” or the “Firm”) (CSE: GOAT) (DE: 26B)a enterprise capital platform centered on environmental, social and governance identification, sponsorship and incubation (“ESG”) firms centered on the ocean financial system, is happy to announce that GOAT’s portfolio firm, Sophie’s Kitchen Inc. (“Sophie’s kitchen” or the “Firm Portfolio”), has partnered with Southwind Meals, LLC (“South wind”) to supply its seafood, fish and different plant-based protein choices alongside the multi-generational seafood distributor’s merchandise. By the deal, Sophie’s Kitchen achieves a flagship grasp gross sales brokerage settlement and can profit from Southwind’s devoted nationwide gross sales drive and tens of hundreds of distribution factors for its merchandise at meals service places (establishments and eating places) , retail shops and grocery store chains.

Southwind is a extremely revered seafood business chief with over $550,000,000 in annual gross sales and, underneath this new grasp dealer and fairness partnership settlement, will present Sophie’s Kitchen with its continued assist and dedication to the expansion of your gross sales, product improvement and customer support. . With plans for a phased rollout of Portfolio Firm merchandise, the partnership marks family-owned firm Southwind’s entry into the plant-based meals house. The joint distribution enterprise is seen by administration as mutually useful, as it’s anticipated to place Southwind in a powerful place to assist its prospects reply to rising client calls for for scrumptious, wholesome, plant-based alternate options.

After intensive analysis and due diligence, the Galletti household, because the house owners of Southwind, concluded that Sophie’s Kitchen was the very best plant-based protein associate for his or her enterprise. As well as, the Galletti household has devoted a plant-based gross sales division and is concentrated on rising the section and promoting Sophie’s Kitchen merchandise by Southwind’s intensive distribution community. Since getting into into the grasp dealer gross sales settlement, the 2 firms have already begun growing new merchandise, which is able to complement and improve Sophie’s Kitchen’s present plant-based portfolio.

As a maker of plant-based tuna, smoked salmon, fish fillets, crab desserts and breaded shrimp-style objects, Sophie’s Kitchen seems ahead to the day plant-based protein is on each menu, in each retailer. and on all faculty lunch plates. The mixture of Southwind’s distribution experience and Sophie’s Kitchen’s position as a frontrunner in plant-based seafood will present the infrastructure and progress platform to assist guarantee this imaginative and prescient turns into a actuality.

Administration remark

“We’re tremendously excited that Sophie’s Kitchen is getting into into this grasp gross sales brokerage and fairness partnership settlement with Southwind, which is predicted to supply important progress alternatives for Sophie’s Kitchen. Partnering with a company that has such deep-rooted distribution capabilities in North America is a big milestone for GOAT’s Portfolio Firm. And I am actually trying ahead to attempting the scrumptious new merchandise that the 2 firms’ meals scientists have already began creating collectively,” mentioned Tony Harris, CEO and President of GOAT. “I want to congratulate Miles as CEO of Sophie’s Kitchen and his whole staff for this achievement and for persevering with to develop their enterprise considerably. The GOAT staff could be very happy with their essential funding in Sophie’s Kitchen,” added Mr. Harris.

“Southwind Meals is a big within the meals business with a presence in tens of hundreds of stores throughout the US and greater than $550 million in annual gross sales,” mentioned Dr. Miles Woodruff, CEO and Co-Founder. from Sophie’s Kitchen. “As a household enterprise, they assume throughout generations and we’re honored to have the Galletti household by our facet as we work to quickly improve the consumption of plant-based meals within the US and world wide.”

“We’re delighted that Sophie’s Kitchen has personally chosen us to be a part of the plant-based motion. Southwind has an extended historical past of teaching our workers, prospects, suppliers and different key stakeholders about sustainable seafood and the significance of being environmentally acutely aware. Lowering our carbon footprint and providing an entire number of proteins are two guarantees we proudly preserve. Partnering with Sophie’s Kitchen underscores our dedication to creating modern options that promote the well-being of individuals and the planet,” mentioned Paul Galletti, Proprietor and Accomplice of Southwind. “Sophie’s Kitchen and Southwind Meals have a long-term imaginative and prescient centered on the sustainability of our fisheries and the planet. Collectively, our firms will shield our oceans, individuals and future generations,” added Mr. Galletti.

ABOUT SOUTH WIND FOODS

Southwind Meals, LLC is a US owned and operated firm that provides grocery store, distributor and foodservice prospects with recent and frozen seafood sourced within the US and imported from world wide. Southwind Meals, LLC, distributes merchandise underneath the Nice American Seafood and Certi-fresh manufacturers, amongst others. The 160,000-square-foot facility in Carson, California meets the worldwide BRC customary and is HACCP-approved for processing, storage, and distribution. The corporate, extremely rated by the World Wildlife Basis, has gross sales workplaces in Washington, Virginia, New York, Texas and Arizona, in addition to processing and distribution amenities in Salt Lake Metropolis and Las Vegas. For extra details about Southwind, go to www.southwindfoods.com.

ABOUT SOPHIE’S KITCHEN

Since 2010, Sophie’s Kitchen has been a disruptive innovator and high-growth chief within the plant-based meals business, creating seafood alternate options that enable individuals to eat plant-based with out giving up the flavors and textures they love. The model is preservative-free, gluten-free, soy-free, non-GMO, and gives a product portfolio filled with nice flavors and clear, guilt-free alternate options. Sophie’s Kitchen, named one among PETA’s Prime 10 Plant-Primarily based Seafood Manufacturers in 2021. We’re deeply dedicated to creating a optimistic distinction globally by making plant-based meals accessible to everybody. For extra info, go to www.sophieskitchen.com and be part of the mission of change by following @sophieskitchenfoods on Instagram, Fb, Twitter and LinkedIn.

ABOUT BILLY GOAT BRANDS

Billy Goat Manufacturers is a enterprise capital platform centered on investing in excessive potential firms working within the ocean financial system. It intends to realize these targets by the identification and funding in securities of personal firms which might be concerned within the meals and beverage business, with a deal with: (i) plant-based proteins, (ii) useful meals, ( iii) meals know-how, and (iv) fermented meals. The Firm plans to generate returns on its investments by varied outcomes, together with, however not restricted to, public transactions, mergers or acquisitions and different liquidity occasions of its firms or initiatives during which it invests. The first goal of Billy Goat Manufacturers might be to generate the utmost return on its investments in a way in step with its environmental, social and governance values.

For extra details about the Firm, go to https://billygoatbrands.com/. Its closing prospectus, monetary statements and administration dialogue and evaluation, amongst different paperwork, can be found on the Firm’s profile web page on SEDAR at www.sedar.com.

The CSE has neither accredited nor disapproved the content material of this information launch. Neither the CSE nor its Market Regulator (as that time period is outlined within the CSE’s insurance policies) accepts duty for the adequacy or accuracy of this launch.

To call:

Billy Goat Manufacturers Ltd.

“TonyHarris”

Tony Harris, CEO and President
Cellphone: (778) 222-8221

For extra info contact:

Investor Relations
E mail: [email protected]
Cellphone: 1-833-4-GOAT-IR (1-833-446-2847)

CAUTIONARY STATEMENT REGARDING “FOR-LOOKING” INFORMATION

This press launch incorporates sure forward-looking statements inside the which means of such statements underneath relevant securities regulation. Ahead-looking statements are sometimes characterised by phrases reminiscent of “anticipates”, “plans”, “continues”, “expects”, “initiatives”, “intends”, “believes”, “anticipates”, “estimates”, “might” , “will”, “potential”, “proposed”, “positioned” and different related phrases, or statements that sure occasions or circumstances “might” or “will” happen. The Firm has offered the forward-looking statements based mostly on assumptions that it believes to be affordable at the moment. All of those forward-looking statements contain important identified and unknown dangers and uncertainties (together with threat components recognized within the Firm’s prospectus dated September 8, 2021), a few of that are past the Firm’s management. Such dangers and uncertainties embrace, however usually are not restricted to, delays ensuing from the lack to acquire required regulatory approval. The reader is cautioned that the assumptions used within the preparation of the forward-looking statements might show to be incorrect and that precise outcomes, efficiency or achievements may differ materially from these expressed or implied by these forward-looking statements. Accordingly, there could be no assurance that any of the occasions anticipated by the forward-looking statements will occur or happen, or if any of them do happen, what advantages, together with the quantity of revenue, the Firm will derive therefrom. Readers are cautioned that the above record of things shouldn’t be exhaustive. The Firm has no obligation, and expressly disclaims any intention or obligation, to replace or revise any forward-looking assertion, whether or not because of new info, future occasions or in any other case, besides as expressly required by relevant regulation.

SOURCE: Billy Goat Manufacturers Ltd.

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