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Boosh Plant-Based Brands Inc
Symbol VEGI
Shares Issued 114,247,205
Close 2024-04-02 C$ 0.005
Market Cap C$ 571,236
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Boosh Plant-Based appoints Hall interim president, CEO

2024-04-03 12:55 ET - News Release

Mr. Robert Hall reports

BOOSH ANNOUNCES CEO SUCCESSION

Boosh Plant-Based Brands Inc. has made changes to its leadership team. Robert Hall, director of Boosh, has been appointed interim president and chief executive officer while Connie Marples will be stepping down from this position, as well as a member of the board. Ms. Marples will continue on as an adviser to the company, as her entrepreneurial leadership, guidance and knowledge with all product lines are invaluable and essential during this transition.

"I am looking forward to continuing with our current brands and potentially adding high-quality complementary brands through my active CPG [consumer packaged goods] network. Adding further strategic alliances and partnerships, as we did with Simply Yummy Chips, will allow the company to focus on other opportunities and add shareholder value. We will be focusing on the United States and Mexico consumer markets as they continue to have strong demand and offer significant opportunities to expand. Additionally, I will look to add key directors and advisors with CPG expertise as we move ahead to strengthen our team," said Mr. Hall, interim CEO.

The company is pleased to announce the appointment of Guillermo De Cima to the board of directors.

Mr. De Cima is a successful U.S./Mexico business executive with expertise in consumer products, branding and project management. With investment interests in real estate, aquaculture, mining and hotels, Mr. De Cima has a diversified and successful international business history. Mr. De Cima is involved with several private and public boards in Mexico, Canada and the U.S. and brings strong negotiation and financial skills across many different sectors. The company will continue to add key directors and advisers with CPG expertise as it moves ahead.

The company has also finalized a set of debt settlement agreements with the purpose to both satisfy, and to extinguish, an aggregate total of $966,000 of secured debts. A combined total of 48.3 million common shares were issued at a deemed price of two cents per common share to settle the outstanding debt. The company decided to satisfy the indebtedness with common shares to preserve its cash for the development of its business. No new control person of the company will be created pursuant to the settlement of the debt settlement agreements.

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 chip brand available throughout North America. Boosh, good for you and good for planet earth.

We seek Safe Harbor.

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