Coho Collective Kitchens Partners with Entegra, the Largest Food Group Purchasing Organization in the World
Vancouver, British Columbia, February 21, 2024 - Coho Collective Kitchens Inc. (“Coho” or the “Company”) (TSXV: COHO), a leading player in the culinary industry, is pleased to announce a strategic partnership with Entegra, a division of Sodexo Global. This groundbreaking partnership emphasizes Entegra's Group Purchasing Organization (GPO) program, leveraging over $36 billion in annual purchasing power. This collaboration is designed to significantly reduce the costs of materials for Coho and its brands.
COO of Coho, Amrit Maharaj expressed enthusiasm about the collaboration, stating, "Our partnership with Entegra, with a spotlight on their GPO program, is a game-changer for us and our members. We are committed to providing an industry-leading customer experience and state-of-the-art facilities but also cost-effective solutions that enable Coho to reduce expenses, increase profitability, and scale faster."
“We’re proud to count Coho as a client,” said Entegra Canada President, Tim Banick. “Our relationship is based on shared values and goals. Entegra will be there as a business growth partner, providing the products, pricing, and advisory services that Coho needs to excel now and into the future.”
This strategic collaboration emphasizes the tangible benefits of Entegra's GPO program, reinforcing the commitment of Coho and Entegra to providing unparalleled support and resources to Coho’s brands. As the partnership unfolds, both organizations are eager to witness the positive impact on reducing costs and enhancing the overall sustainability of the culinary community.
Key Highlights of the Enhanced Partnership:
Cost-Effective Programming: Entegra's GPO program will empower Coho, Purebread and Coho’s members to access a vast network of suppliers, leveraging collective buying power to secure competitive pricing on premium ingredients and kitchen essentials.
Operational Efficiency: The collaboration focuses on enhancing cost efficiency by streamlining procurement processes, enabling members to optimize their operational budgets without compromising on the quality of ingredients.
Sustainable Sourcing: Entegra's commitment to sustainability aligns with Coho's values, ensuring that cost-effective solutions also prioritize environmentally conscious and ethically sourced materials.
Financial Empowerment: By tapping into Entegra's procurement expertise, Coho aims to financially empower its own brands and members, fostering an environment where food & beverage businesses can thrive and focus on their creative pursuits.
About Purebread and Coho Collective Kitchens Inc.
Coho (TSXV: COHO) is a growing player in commercial real estate and food technology, operating fast-casual restaurants and shared-kitchen facilities. As Canada's largest shared-kitchen company, Coho is expanding its presence and services. Through their combined efforts, Coho and Purebread strive to positively impact the communities in which they operate.
For more information, please visit www.cohocollectivekitchens.com or contact:
Andrew Barnes, Chief Executive Officer
Coho Collective Kitchens
andrew@cohocommissary.com
(778) 877-6513
Forward-Looking Information
This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflect management's current expectations regarding future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company's control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, the ability of the Company to execute on its strategy, the growth and performance of the ghost kitchen industry globally and in Canada; risks inherent in the ghost-kitchen, retail bakery, or coffeehouse sectors in general; that future results may vary from historical results; and competition in the markets where Coho operates. Except as required by securities law, Coho does not assume any obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise.
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