Canyon Creek Food signs five-year supply contract

Executive Summary

• Canyon Creek Food Company Ltd. has signed a five-year supply agreement with a subsidiary of an arm's-length international food company, with a total potential value of up to $45 million.
• The agreement covers the supply of various sauces in retail and food service formats, with production expected to begin in March 2026 and the full transition to be completed by June 2026.
• The contract includes industry-standard terms, allowing either party to cancel with 270 days' notice and no initial retention payment.

Key Details

• Contract Value: Up to an aggregate $45 million over the five-year term.
• Annual Volume: Approximately $9 million of product per year, payable in cash.
• Term: Five years, executed on January 16, 2026.
• Products: A variety of sauces in retail and food service formats.
• Timeline: Production begins March 2026; full transition completed June 2026.
• Cancellation Terms: Cancellable by either party prior to the end of the term on 270 days of notice.
• Initial Payment: No initial retention payment required.
• Customer Profile: Subsidiary of an arm's-length international food company; products currently sold in various retailers and food service outlets throughout North America.

Notable Quotes

• "The company is excited about delivering on this substantial contract along with possible future opportunities with this customer." — Terry Alty, President of Canyon Creek