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April 3, 2024 CSE: VEGI
OTCQB: VGGIF
Frankfurt: 77i
Boosh Announces CEO Succession
Vancouver, British Columbia - Boosh Plant-Based Brands Inc. (CSE: VEGI) (OTCQB: VGGIF) (FSE: 77I) ("Boosh" or the "Company") a premier plant-based brands company in the health food sector, announces changes to its leadership team. Robert Hall, Director of Boosh Plant Based Brands Inc has been appointed Interim President & CEO while Connie Marples will be stepping down from this position, as well as Board member. Mrs. Marples will continue on as an Advisor to the company, as her entrepreneurial leadership, guidance and knowledge with all product lines is invaluable and essential during this transition.
Interim CEO Robert Hall states, "I am looking forward to continuing with our current brands and potentially adding high quality complimentary brands through my active CPG 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."
The Company is pleased to announce the appointment of Guillermo De Cima to the Board of Directors.
Mr. De Cima is a successful US/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 USA and brings strong negotiation and financial skills across many different sectors.
The Company will continue to add key directors and advisors with CPG expertise as we move 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 C$966,000 of secured debts. A combined total of 48,300,000 common shares were issued at a deemed price of C$0.02 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.
Robert Hall
Interm Presdient & CEO
hello@booshfood.com
www.Booshfood.com
About Boosh Plant-Based Brands Inc.:
Boosh Plant-Based Brands Inc., through its wholly owned subsidiary, Boosh Food (www.booshfood.com) offers high quality, non-GMO, gluten free, 100% plant-based nutritional comfort foods for the whole family. Through a separate subsidiary, Beautiful Beanfields, (www.beanfields.com) the Company owns Beanfields, a plant-based chip brand are available throughout North America. Boosh, good for you and good for planet earth.
The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward looking statements. Forward-looking statements in this news release include, but are not limited to, the Company's expectations concerning the size of the Financing, its ability to close the Financing in whole or in part or at all and its plan for the proceeds of the Financing. Any number of factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although the Company believes that the expectations reflected in forward looking statements are reasonable, it can give no assurances that the expectations of any forward looking statements will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
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