Coho Collective Kitchens Announces Intent to Change Name to Purebread Brands Inc. & TSXV Symbol to 'BRED'

Vancouver, British Columbia--(Newsfile Corp. - April 8, 2024) - Coho Collective Kitchens Inc. (TSXV: COHO) ("Coho" or the "Company"), a leading player in the culinary industry, is excited to announce its intention to undergo a significant transformation in its corporate identity by changing its parent company name to Purebread Brands Inc. and its ticker symbol to BRED in the coming weeks. This strategic decision is a reflection of the Company's evolution following the acquisition of Purebread Bakery in September 2023, aligning with its ambitious growth trajectory, core values, and commitment to enhancing its suite of brands. The Company's plans for expansion include opening new Purebread Bakery locations across Canada.

"As we continue to evolve and expand our footprint in the Food & Beverage world, we believe that transitioning to the name Purebread Brands Inc., and adopting the ticker symbol BRED, will better represent our future vision," stated Andrew Barnes, CEO. "This intended change marks the beginning of a new chapter in our journey, and we are thrilled about the prospects it brings for both our business and our shareholders."

Coho remains dedicated to serving its clients, partners, and shareholders with integrity, innovation, and the growth of the Purebread brand throughout Canada. Coho's existing shared kitchens, operating under the name "Coho Commissary," will continue to serve their communities across 7 locations in BC.

The Company will issue a further news release announcing the effective date of change, along with the new CUSIP number, upon receipt of all regulatory approvals. Certificates representing common shares of the Company will not be affected by the name change, and shareholders are not required to exchange their shares or take any other action. Shareholders holding share certificates of the Company may request a replacement certificate, although new certificates are not required and will not be automatically issued.

About Coho Collective Kitchens Inc.:

Coho, soon to be recognized under its new name Purebread Brands Inc. is a growing force in commercial real estate and food technology, operating fast-casual cafes, bakeries, and shared-kitchen facilities. Coho is committed to making a positive impact on the communities it serves.

For more information, please visit www.cohocollectivekitchens.com

Contact:

Andrew Barnes, Chief Executive Officer
Coho Collective Kitchens
andrew@cohocommissary.com
(778) 877-6513

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.

Forward-looking statements are frequently characterized by words such as "plan", "project", "intend", "believe", "anticipate", "estimate", "expect" and other similar words, or statements that certain events or conditions "may" or "will" occur. Although the Company's management believes that the assumptions made (and the expectations represented by such forward-looking statements) are reasonable, there can be no assurance that any forward-looking statements referenced herein will prove to be accurate.

Forward-looking statements are not based on historical facts, but instead reflect the opinions and estimates of management at the date the statements are made and are subject to a variety of risks, uncertainties, and other factors that could cause actual results or events to differ materially from those anticipated in the forward-looking statements. These risks, uncertainties, and other factors that could cause actual results to differ materially from those in forward-looking statements include: reliance on key personnel, protection of our intellectual property rights, competition, a failure to establish additional locations, disruption at our facilities, government regulation of the virtual kitchen industry, the price of raw materials, consumer trends, climate change, cybersecurity, food safety and consumer health, brand value, internet search algorithms, reputation risk, risks associated with leasing commercial and retail space, effect of service and facility innovation, failure to retain current members and/or recruit new members, litigation risk, failure to meet expectations of our values & metrics, risks associated with acquisitions, management of growth, a history of losses, negative cash flow, additional funding requirements and risks, dividend risk, increased costs of being a publicly traded company, global economic risk, and share price volatility risk.

The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates should change, except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. More detailed information about potential factors that could affect results is included in the documents that may be filed from time to time with Canadian securities regulatory authorities by the Company.

For a more detailed discussion of certain of these risk factors, see the heading "Risk Factors" in the Company's most recent MD&A, available under the Company's SEDAR+ profile at www.sedarplus.ca.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/204324