Mr. Robert Hall reports
BOOSH TO ADD ASIA, MEXICO AND CANADA TO SIMPLE YUMMY CHIPS
LICENSING AGREEMENT
Boosh Plant-Based Brands Inc. is finalizing the addition of exclusive licences for Asia, Mexico and Canada to the previously announced licensing agreement with Simple Yummy Chips LLC. The exclusive licence is for the sale and distribution of chips, crackers, rings and other bean-based snacks made by Beautiful Beanfields Inc., a wholly owned subsidiary of the company. The terms and conditions are being finalized.
Interim chief executive officer Robert Hall stated: "The addition of Mexico and Canada makes fiscal sense as we look to cut our overall burn rate and adding Asia will add significant revenue growth through the Simple Yummy Chips experienced sales team. This arrangement offers many benefits to support the company's growth and provide shareholder value. It allows the tremendous North American demand to be met without strain on our capital or resources while giving us a guaranteed profit and allowing us to focus on increasing shareholder value."
The company expects to finalize this agreement by month-end.
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.
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