Mr. Robert Hall reports

UPDATE: BOOSH ENTERS A NON-BINDING AGREEMENT TO DIVEST BEAUTIFUL BEANFIELDS TO SIMPLE YUMMY CHIPS

Boosh Plant-Based Brands Inc. has entered into a non-binding letter of intent to divest the Beautiful Beanfields brand to Simple Yummy Chips. As the terms are negotiated, both companies will continue to work in good faith to maximize the value of the brand.

President and chief executive officer Robert Hall stated: "After extensive analysis of the current fiscal position of Boosh, the company has begun exploring the divestment of the Beautiful Beanfields brands. Simple Yummy Chips and its parent company, Moosehead Brands, have the appropriate corporate structure and financial ability to maintain and expand the Beanfields brand. This potential divestment will reduce the current liabilities by approximately $2-million (U.S.), thereby reducing the burden of capital requirements for Boosh."

The company continues exploring multiple options to recapitalize the treasury and strengthen the balance sheet.

About Boosh Plant-Based Brands Inc.

Boosh, through its wholly owned subsidiary, Boosh Food, offers high-quality, non-genetically modified organism, gluten-free, 100-per-cent-plant-based nutritional comfort foods for the whole family.

We seek Safe Harbor.