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Global Food and Ingredients Ltd(PEAS-X)
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GFI ANNOUNCES SIGNING OF DEFINITIVE AGREEMENT TO SELL CERTAIN ASSETS OF YOFIIT

Newswire.ca - Mon May 1, 2023

TORONTO, May 1, 2023 /CNW/ - Global Food and Ingredients Ltd. (TSXV: PEAS) (OTCQX: PEASF) ("GFI" or the "Company"), announced today that it has entered into a definitive agreement ("Agreement") to sell certain assets ("Purchased Assets") of its subsidiary, GFI Brands Inc., as they relate to the division of Yofiit, a premium plant-based milk and snack food operation ("Yofiit") to 14901100 Canada Inc., a corporation controlled by Marie Amazan and Felix Amazan, the former owners (the "Purchasers" and such transaction, the "Transaction").

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