First Foods Group, Inc. Provides Strategic and Company Update

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Davie, Fla., September 27, 2021 (GLOBE NEWSWIRE) – via NewMediaWire – First Foods Group, Inc. (OTCQB: FIFG) is pleased to provide an update on its corporate initiatives and results for the first half of 2021.

Financial highlights for the first half of 2021:

Operating results for the six-month period ended June 30, 2021

  • Net sales for the six-month period ended June 30, 2021 were $ 289,879, an increase of 138% from $ 121,685 for the same period in 2020.

  • The operating loss amounted to $ 668,773, compared to a loss of $ 1.3 million during the same period in 2020.

Operating results for the three months ended June 30, 2021

  • Net sales for the quarter ended June 30, 2021 were $ 247,541, an increase of 900% from $ 24,711 for the same period in 2020.

  • The operating loss amounted to $ 356,482, compared to a loss of $ 432,917 during the same period of 2020.

Harold Kestenbaum, CEO of First Foods, said: “We are pleased with the results for the first half of the year. As the COVID pandemic continues to cause disruption across the world, we are enjoying uninterrupted supplies from our tight-knit group of South American cocoa bean producers who have enabled us to continue manufacturing in sweetness our exclusive specialty chocolate “bean to crunch”. We continue to push the market much more aggressively with our products. Some of our customers, who had suspended or significantly reduced their operations in response to the pandemic, have resumed operations and have relied on us to consistently deliver our top quality products. “

Strategic initiatives include, but are not limited to:

  • Sale of Southeast Edibles in 80 stores across the United States. The full list of participating stores can be found on our website under the “store locator” tab. https://seecbd.com/pages/sca-store-locator.

  • Improve our website and launch a marketing campaign to drive more traffic to Southeastedibles.com

  • Expansion into the health and wellness market through our new FFGI wholesale division.

  • Consider strategic acquisitions.

About First Foods Group, Inc.

First Foods Group, Inc. is an American holding company specializing in the sale of a variety of cannabidiol (CBD) products through its subsidiary, Southeast Edibles, based in the United States. Its state-of-the-art facility is based in Fort Lauderdale, Florida. The products include specialty infused chocolate foods, all made in the USA. First Foods seeks synergistic value by creating its own new concepts, both through exclusive developments, mergers, acquisitions and licensing agreements in the CBD and the health and wellness space. . Management is committed to an integrated approach using the highest quality hemp solutions and the highest purity standards in the industry. First Foods Group, Inc. also provides management services and financing options for new supplement brands and menu concepts.

www.firstfoodsgroup.com.

To learn more about our Southeast Edibles product line, please visit: https://southeastedibles.com/

Caution Regarding Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words “may”, “believe”, “anticipate”, “” have l ‘intention to’, ‘estimate’, ‘expect’, ‘may’, ‘continue’, ‘anticipate’, ‘potential’, ‘hope’, ‘plan’ and similar expressions intended to identify forward-looking statements . All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected or suggested by forward-looking statements are reasonable, we cannot guarantee that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and current expectations or projections. Actual results differ materially from forward-looking statements and the price of our common shares may fluctuate significantly. Forward-looking statements are also affected by risk factors described in documents filed by the Company with the United States Securities and Exchange Commission. Except as required by law, we assume no obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unforeseen events. events. No content from any website mentioned above is incorporated herein.

Investor RelationsContact

Andrew Barwicki

516-662-9461 / [email protected]


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