Mr. Gabriel Kabazo reports
PLANTIFY FOODS REPORTS RESUMPTION TO TRADING
The TSX Venture Exchange has advised of the intended resumption to trading of Plantify Foods Inc.'s common shares.
As at Oct. 31, 2025, the company had a working capital deficiency of approximately $850,000. The company plans to undertake one or more financings to address this deficiency, but no assurance can be given that any such financing will be available or,
if available, that it will be on terms that are acceptable to the company.
The company does not currently meet the asset and operations criteria of TSX-V as the company does not currently have a business. The company's management intends to evaluate potential business opportunities that will enable the company to satisfy the CLR requirements, but no assurance can be given that the company will be able to identify or secure any such business opportunity. If the company does not secure a business opportunity within approximately 90 days, it may be transferred to the NEX.
The company also reports that, further to its news release of Aug. 22, 2025, it was not able to obtain TSX-V acceptance to the extension of the conversion feature of debentures in the aggregate principal sum of $240,000 because trading in the company's shares was then halted. Accordingly, such debentures are no longer convertible into common shares of Plantify.
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