Ms. Connie Marples
reports
BOOSH ENTERS INTO LOI CANADIAN PRODUCTION FACILITY AND FILED Q3
Boosh Plant-Based Brands Inc. has entered into a non-binding letter of intent for a joint venture with AKA Business Solutions to establish a food manufacturing facility in Ontario, Canada.
Under the terms of the agreement, Boosh and AKA will form a joint partnership to raise capital to set up a fully operational plant in Ontario. Currently, AKA has lease space that is certified for food production. The proceeds from the financing will be used for working capital required for manufacturing equipment and operations.
"The structure of this deal will benefit both parties greatly in growing Beanfields into a global brand," said Rob Hall, a director and chief financial officer of Boosh.
Boosh expects to have a definitive agreement in place by March 30, 2024, and will provide additional details on this partnership as well as other initiatives over the next several weeks.
The company has filed its Q3 financial statements for the period ended Dec. 31, 2023. Financial statements are prepared in accordance with international financial reporting standards (IFRS). Detailed information regarding the company's financial results can be found on SEDAR+.
About Boosh Plant-Based Brands Inc.
Boosh, 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 chip brand sold in over 7,000 stores throughout North America. Boosh is good for you and good for planet Earth.
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