Pontus Protein has signed a Letter of Intent with Canadian T&J International Development a private arm's length British Columbia corporation, and distributer to 80% of all Asian Supermarkets in Western Canada, with products including the Natural World brands. The agreement between Pontus and T&J covers potential distribution and sales of both Pontus Protein and Pontus Foods added value products.
Connor Yuen, CEO of Pontus, stated, "Our market analysis identified the increase in meat reduction and the increase in demand for sustainable plant based protein across North America, yet this is still a fairly new phenomenon. In many Asian cultures, vegetarianism has been established for centuries, driven by access to meat, culture and religion. T&J's comprehensive distribution to the Asian supermarkets, including T&T and most Asian Supermarkets, will give us access to this large existing market."
It is the intentions of Pontus and T&J to continue good faith negotiations to finalize a definitive agreement (a "Definitive Agreement") that would cover distribution and sales, which will also include the economic terms of such arrangement.
For more information:
Pontus Proteins
www.pontuswaterlentils.com