Modern Meat Signs Definitive Agreement to Begin Expansion of Operations to Australia

VANCOUVER, BC, Jan. 21, 2021 /CNW/ -A Modern Meat Inc., (CSE: MEAT) ("A Modern MeatA ") or (the "A CompanyA "), an award-winning plant-based meat manufacturer, is pleased to announce it has signed a definitive co-packing agreement with Viveri Pty Ltd. (formerly known as SPQR Holdings Pty. Ltd.) ("Viveri"), a distributor and co-packer based in Adelaide, Australia, to launch its portfolio of 100-per-cent plant-based meat alternative products.
Modern Meat Signs Definitive Agreement to Begin Expansion of Operations to Australia
"This is a great achievement for our company and the first step outside North America to becoming a global competitor in the plant-based meat alternative industry. I feel there is no better place to begin the global expansion of our company than Australia, as its residents represent early adopters and, due to my existing relations within this market, I feel I can help expedite our growth process," states Craig Wallace, Head of Global Acquisitions for Modern Meat.Viveri has an operational team with over 180 years of experience in food manufacturing, sales, marketing and business development. Currently, the company produces ready-made meals, pasta and protein, cakes and pastries, gelati, coffee, sandwiches, salads, panini, and breads, which are already distributed to major supermarket retailers in southern Australia, including IGA, Foodland, Coles and Woolworths.Viveri is a facility of approximately 21,000 square feet with a full production staff. Viveri will onboard Modern Meat into its production facility and commence distribution to its vast network of retailers and national grocers. As Modern Meat's sales grow, Viveri may decide to retrofit its existing facility to accommodate production needs. Currently, the facility is certified with an HACCP (Hazard Analysis Critical Control Point) and in-house quality control and quality assurance specialist to confirm product consistency.
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