09:26:43 EDT Sun 24 Sep 2023
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or Name

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Boosh Plant-Based Brands Inc
Symbol VEGI
Shares Issued 114,247,205
Close 2023-09-18 C$ 0.015
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Boosh Plant-Based has no material changes

2023-09-18 19:01 ET - News Release

Ms. Connie Marples reports


Boosh Plant-Based Brands Inc. has provided this default status report in accordance with National Policy 12-203 -- Management Cease Trade Orders (NP 12-203) and the terms of a management cease trade order (MCTO) entered by the British Columbia Securities Commission (the BCSC) on Aug. 1, 2023. The MCTO was entered against the company's chief executive officer and its chief financial officer because the company failed to file its annual financial statements, management's discussion and analysis, and the required certifications on or before March 31, 2023, as required by National Instrument 51-102 -- Continuous Disclosure Obligations and National Instrument 52-109 -- Certification of Disclosure in Issuer's Annual and Interim Filings, respectively.

Pursuant to NP 12-203, the company must file biweekly default status reports in the form of news releases until the MCTO is revoked. Accordingly, the company confirms that since the default announcement:

  • There have been no changes to the information contained in the company's Aug. 1, 2023, press release announcing the default that would reasonably be expected to be material to an investor;
  • There have been no failures by the company to fulfill its stated intentions with respect to satisfying the provisions of the alternative information reporting guidelines under NP 12-203;
  • There has not been, nor is there anticipated to be, any specified default subsequent to the default which is the subject of the default announcement;
  • There have been no material changes in respect of the company's affairs that have not been generally disclosed.

During the MCTO, the general investing public will continue to be able to trade in the company's common shares listed on the Canadian Securities Exchange. However, the company's chief executive officer and chief financial officer will not be able to trade in the company's shares until the annual filings have been filed and the executive director of the BCSC revokes the MCTO.

The company expects to file the annual filings on or before Sept. 30, 2023.

About Boosh Plant-Based Brands Inc.

Boosh Plant-Based Brands, through its wholly owned subsidiary, Boosh Food, offers high-quality, non-GMO (genetically modified organism), gluten-free, 100-per-cent-plant-based nutritional comfort foods for the whole family. Through a separate subsidiary, Beautiful Beanfields, the company owns Beanfields, a brand of plant-based chips sold in over 7,000 stores throughout North America.

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