Pure Foods Tasmania Limited announced that Monde Nissin Australia (MNA) has agreed a sole supplier agreement for Tasmanian Atlantic Salmon and Ocean Trout products with PFT's Woodbridge Smokehouse (WBSH). The sole supplier agreement will see WBSH exclusively provide products to MNA to support its national portfolio of products servicing the independent grocer market. Monde Nissin Australia (MNA) will be stocking solely WBSH Atlantic Salmon and Ocean Trout products to enhance its portfolio of products servicing the independent grocer market under a Food Distribution Agreement with a five year term with an option for a further 3 years. Either party can terminate the agreement where the other party: breaches the agreement and, where the breach is capable of being remedied, fails to remedy that breach within 30 days; a party fails, for 4 consecutive quarters to meet the KPI's under the Agreement (which are principally in connection with the quality of the product and meeting delivery requirements); and goes in liquidation, administration or is unable to pay its debts when they call due. The other material terms of the agreement are industry standard for this type of agreement. MNA will extend the distribution of WBSH products into Queensland with MNA's launch into the State's market in July 2021, joining all other states to cover 100% distribution of the national independent grocer market. Given preliminary order numbers and potential ranging, it is expected that this opportunity will increase WBSH revenue in FY22 by 50% vs FY21. Furthermore, based on the current run rate for PFT this additional distribution is expected to, alone, increase PFT group revenue by 15% in FY22. The sole distribution agreement also coincides with the extension of the WBSH range of products available through MNA to include four Hot Smoked Salmon and Ocean Trout products.