Ms. Connie Marples reports
BOOSH PLANT-BASED BRANDS INC. PROVIDES A CORPORATE UPDATE
Boosh Plant-Based Brands Inc. has provided an update on several corporate matters. On Aug. 31, 2023, the company announced that it had entered into an exclusive United States licensing agreement with Simple Yummy Chips LLC for the sale and distribution of chips made by Beautiful Beanfields Inc. The terms of the agreement, which were previously announced on Aug. 31, 2023, state that the company will receive a guaranteed 7-per-cent profit on wholesale, as well as the company was granted a $1-million (U.S.) line of credit for Beanfields' accounts payable. Although there were some delays with Yummy's execution plan, the company is very pleased to announce that Yummy is now producing to fill orders as it works to replenish stock across the U.S. in current retailers, as well as opening new accounts.
To ensure smooth production flow, the company is working on sourcing a secondary supplier for its core ingredient -- bean grits. Over the coming months, one of the company's primary focuses will be on increasing Canadian supply and export of Beanfields Chips to new and previous customers in Mexico, Dubai and Australia.
The company also announced today the resignation of Lance Marples, with immediate effect, and the appointment of Rob Hall. For the last year, Mr. Hall has been a consultant to the company, and has been instrumental over the past year in assisting in raising the company's awareness in the capital markets and connecting the company with the U.S. licensors. The company would like to thank Mr. Marples for his contribution and efforts in building the company, and wish him the best in his future endeavours.
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 plant-based chips brand sold in stores throughout North America.
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