Chipotle Mexican Grill CL B (NYSE:CMG.B)
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From Jul 2019 to Jul 2024
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Chipotle Mexican Grill (NYSE: CMG) (NYSE: CMG.B) today clarified the
nature of its relationship with Cereplast, Inc. (OTCBB: CERP), a
Hawthorne, Calif. company that manufactures proprietary bio-based,
sustainable plastics.
Currently, through a supplier, Chipotle purchases plastic cutlery made
using Cereplast Compostables® resin for its one restaurant in Millbrae,
Calif. to comply with a local ordinance. In a Dec. 15 press release,
which was not reviewed or approved by Chipotle, Cereplast misstated the
nature of the relationship, stating that “A system-wide rollout of up to
800 Chipotle locations is expected in the near future.”
Chipotle currently has no plans to expand its relationship with
Cereplast.
About Chipotle
Chipotle Mexican Grill offers a focused menu of burritos, tacos, burrito
bowls (a burrito without the tortilla) and salads made from fresh,
high-quality raw ingredients, prepared using classic cooking methods and
served in a distinctive atmosphere. Through our vision of Food with
Integrity, Chipotle is seeking better food not only from using fresh
ingredients, but ingredients that are sustainably grown and naturally
raised with respect for the animals, the land, and the farmers who
produce the food. Chipotle opened its first restaurant in 1993 and
currently operates more than 800 restaurants. For more information,
visit www.chipotle.com.