The Fresh Factory B.C. Ltd. announced the signing of a new lease agreement for a 56,000-square-foot facility located in Downers Grove, Illinois. This strategic expansion is expected to significantly enhance The Fresh Factory's production capabilities and streamline its operations, positioning the Company for future growth. The new facility, located at 3600 Lacey Rd, Downers Grove, just 12 miles from the Company's Carol Stream production facility, will feature significant enhancements, including an anticipated 200 pallet positions for frozen storage, 1,000 pallet positions for refrigerated storage, and 1,800 pallet positions for dry storage.

Additionally, it will feature more than 12,000 square feet of production space and modern, spacious office areas designed to support increased administrative functions. With the addition of the new facility, completed in 2019, The Fresh Factory now features a large space with ceilings up to 36 feet high. The Company plans to build an R&D lab and a customer-experience center to foster collaboration.

The new facility is expected to be fully operational in Fourth Quarter 2024. This expansion aligns with The Fresh Factory's commitment to providing honest, clean-label food for all, reinforcing its position as a leader in the fresh, clean-label, and better-for-you food and beverage market.