VANCOUVER, BC, December 9, 2021 / CNW / – Pontus Protein Ltd. (TSXV: HULK) (OTCQB: HLKKF) (FSE: 8YC) (“Bridge“or the”Society“) is pleased to announce Marc Arathoon as responsible for product development. In addition, the Company has engaged Blue Ocean Tea Company (“Blue Ocean”), to advise on contract packaging, production distribution and certifications.
Pontus is happy to announce that he has accepted the conditions with Marc Arathoon, to become Head of Product Development. Arathoon is a fourth generation tea expert who has built relationships with global suppliers and developed ready-to-drink products for Numi Organic Tea, Starbucks, Revolution Tea, Justea Beverages, Wize and several other North American and international brands. It will not only support product development, but also business development. Pontus has entered into a letter of intent with Arathoon’s company, Blue Ocean, in March 2021, and the two companies continued successful negotiations in good faith.
Along with Arathoon’s appointment, Pontus entered into a definitive agreement with Blue Ocean to advise on packaging and contract production. Blue Ocean holds strategic food certifications, is Rainforest Alliance certified and a member of the Global Food Safety Initiative. Blue Ocean will pack Pontus powder sachets and produce value-added products to allow Pontus rapid access to the market. The team will also support Pontus as they seek to ensure the highest global product standards, which in turn will support a high price for the products and a large distribution network.
Pontus will enter into a contract manufacturing agreement once production has started.
Marc Arathoon commented: “I contacted Pontus when I saw the new technology they had developed. When I tasted the product and saw the nutritional profile, I knew it was something I wanted to be a part of. I am very happy to lead Product Development and use my experience and networks to achieve the widest distribution of the product. ”
Connor yuen, CEO of Pontus, added: “I am very happy that Mark is joining us as Head of Product Development. Our collaboration since the letter of intent has been very productive. His experience in developing and distributing products globally and his enthusiasm for Pontus make Mark and Blue Ocean the best partners as we launch our first products. “
About Pontus Protein Ltd.
Pontus Protein Ltd. is a Vancouver, BC an agricultural technology company based on agricultural technology that will allow millions of people to rethink their food choices while helping people make the world a good world. By providing sustainably grown, nutritious and delicious plant-based food options, we are helping this type of diet become the norm.
Pontus is reinventing agriculture with its exclusive vertical aquaponics system in a closed environment (CEVAS) – the agriculture of the future. Pontus specializes in the vertical indoor cultivation of duckweed which uses 95% less water than traditional farming and without pesticides or chemicals. Pontus is committed to solving the global food crisis by providing access to pure plant proteins that are biosecure and sustainable inside. Pontus’ duckweed can be harvested every 24 hours, exceeds organic certification, and can be grown in any climate in a relatively small area. Our duckweed protein is packed with antioxidants, minerals, vitamins, and all amino acids, making it a complete dietary source of protein. Pontus aims to revolutionize the vegetable sector because the entire sector currently relies on two main sources of protein: soybeans and peas. Duckweed protein is far superior to pea and soy protein. It is over 40% protein versus 5-36% protein *, and Pontus aims to be the staple protein for plant-based food products, leading the world’s transition movement from meat-based protein to protein. herbal.
For more information, please visit pontuswaterlentils.com.
On behalf of the board of directors
Connor yuen, CEO
Pontus Protein Ltd.
Certain statements contained in this press release are forward-looking statements, which reflect management’s expectations regarding the Company. Forward-looking statements consist of statements that are not purely historical, including statements regarding beliefs, plans, expectations or intentions regarding the future, including, but not limited to, the role and purpose of impact of the new head of product development on the Company’s activities; the agreement with Blue Ocean, its terms and expected benefits; that Pontus will enter into a contract manufacturing deal once production begins, and Pontus’ ability to revolutionize the plant industry and empower millions of people to rethink their food choices. These statements are subject to risks and uncertainties which may cause actual results, performance or developments to differ materially from those contained in the statements, including risks related to factors beyond the control of the Company. These risks include, but are not limited to, the following: the unknown magnitude and duration of the effects of the COVID-19 pandemic, which result from the agreement with Blue Ocean will be different from those anticipated, Pontus’ inability to receive approvals from the Canadian Food Inspection Agency for its products and facilities, the inability to complete the Pontus facility in Surrey, as well as other business, economic or market risks beyond to the control of the Director of the Company and which may affect the activities of the Company, operations or products. No assurance can be given that any of the events anticipated by forward-looking statements will occur or, if they do occur, what benefits the Company will derive from them. The Company assumes no obligation to update forward-looking information if circumstances or management’s estimates or opinions change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Pontus Protein Ltd.
For further information: Connor Yuen Chief, General Manager; For more information: Investor relations or media inquiries: [email protected], (403) 589-7992