Ms. Connie Marples
reports
BOOSH PLANT-BASED BRANDS INC. CORPORATE UPDATE
Major U.S. distributors are now able to order Boosh Plant-Based Brands Inc.'s Beanfields Chips from U.S. licensee Yummy Chips.
Chief executive officer Connie Marples stated: "Purchase orders are finally getting filled and are shipping to retailers across the U.S. For the past month, home delivery has been up and running while Yummy Chips worked with distributors to get new accounts and systems set up. It takes many months to set up a new account with UNFI and Kehe, but now retailers can get full access to products again.
For the past month, the top-three-selling flavours have been available through home delivery, and now they will be available at U.S. retailers as they fill shelves with black bean, Himalayan salt and nacho. Additionally, orders have now been placed with the U.S.-based co-manufacturer for the three next most popular flavours (pico de gallo, cheddar sour cream and jalapeno nacho) for a full array of options for consumers."
Ms. Marples went on to say: "Now that the U.S. is being serviced, we can make plans to get orders filled in Canada. We anticipate product hitting Canadian shelves by early May for the busy summer snacking season."
The company has settled a combined amount of $516,000 in debt owed to several creditors through the issuance of 25.8 million common shares at a price of two cents per share. The issuance of the common shares will not result in a change of control and is subject to regulatory approval and any applicable hold periods.
We seek Safe Harbor.
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