Coho Collective Kitchens Inc. announced the opening of the 7th location of Purebread. B bakery Inc. at the Vancouver International Airport ("YVR"). Previously, on May 29, 2023, Coho announced the execution of a purchase agreement among Coho, Purebread, and Purebread's shareholders, pursuant to which Coho, through a wholly owned subsidiary, would acquire all of the issued and outstanding securities of Purebread (the "Transaction").

The Transaction is expected to close on or before July 31, 2023. This expansion marks a significant milestone in Purebread's growth. Located in the international terminal at YVR, Purebread's newest location replaces the previous Starbucks location, positioning Purebread ideally to attract guests from all around the world.

With average daily foot traffic at YVR from over 70,000 visitors, Coho believes the newest location's potential for success is high. The YVR location is projected to generate an additional $3.5 million in revenue per year for Purebread, representing a 35% increase in annual income. In its first two weeks of operations, the location has already surpassed financial expectations and is delivering exceptional products and service to the airport's global customers.