The company is also pursuing a listing on the OTCQB Venture Market, a United States trading platform operated by the OTC Markets Group in New York to increased visibility within US capital markets.
However, the deal is subject to satisfying OTCQB eligibility standards and the approval of the OTCQB Markets Group.
The Canada-based plant-based foods company launched its liquid egg product (made from lupin and pea protein) earlier this year entering major Canadian retailers including Whole Foods and the US market through its direct-to-consumer site.
“Nabati Plant Eggz are a plant-based liquid egg product that was designed to mimic the same consistency, taste, and texture as you get with traditional chicken eggs,” Nabati Foods CEO Ahmad Yehya said previously, noting that the liquid egg product is cooked exactly the same way as regular chicken eggs and can be used in the same dishes including omelets, quiches, and scrambled eggs.
The company is experiencing widespread demand across several markets outside of North America, noted Yehya.
“There is significant demand from investors in Europe for plant-based companies like ours, and we are pleased that it will now be easier for those investors to participate in our growth, particularly as we continue to expand our global footprint,” said Ahmad Yehya, CEO of Nabati Foods.
“We are extremely optimistic about the burgeoning plant-based food industry and Nabati’s market position within it,” added Yehya.