Mr. Gabriel Kabazo reports

PLANTIFY FOODS ANNOUNCES CLOSING OF RIGHTS OFFERING

Plantify Foods Inc. has completed its previously announced rights offering to eligible holders of its common shares which expired at 2 p.m. Pacific Time on Dec. 31, 2025.

The company issued a total of 642,666 shares at a price of 12 cents per share for aggregate gross proceeds of $77,119.92. A total of 92,666 shares were issued under the basic subscription privilege, including zero shares to insiders of the company, as a group and 92,666 shares to all other persons, as a group. In addition, a total of 550,000 shares were issued under the additional subscription privilege, including zero shares to the insider group and 550,000 shares to all other persons, as a group. To the knowledge of the company, no person became an insider of Plantify Foods as a result of the rights offering.

As of the expiry date, following completion of the rights offering, Plantify Foods has 12,083,155 shares issued and outstanding. The rights offering remains subject to receipt of final acceptance of the TSX Venture Exchange.

No fees or commissions were paid by the company in connection with the rights offering.