CANYON CREEK SIGNS FIVE YEAR SUPPLY AGREEMENT

Executive Summary

• Canyon Creek Food Company Ltd. entered a five‑year supply agreement valued at up to $45 million with an arm’s‑length international food company subsidiary.
• The contract obligates Canyon Creek to deliver approximately $9 million of sauces per year, with production slated to start in March 2026 and full transition completed by June 2026.
• The agreement is cancellable by either party on 270 days’ notice and requires cash payments only, providing a significant new revenue stream for the company.

Key Details

• Agreement Value: Up to $45 million total over five years.
• Annual Distribution Target: Approximately $9 million of product per year.
• Product Scope: Variety of sauces in both retail and food‑service formats.
• Start Date: Production expected to begin March 2026; full transition by June 2026.
• Cancellation Terms: Either party may cancel with 270 days’ notice; no initial retention payment required.
• Payment Terms: Payments to be made in cash.
• Execution Date: Agreement executed on January 16, 2026.
• Counterparty: Subsidiary of an arm’s‑length international food company (specific name not disclosed).

Notable Quotes

“The Company is excited about delivering on this substantial contract along with possible future opportunities with this customer.” – Terry Alty, President & CEO, Canyon Creek Food Company Ltd.