Mr. Robert Hall reports

CORPORATE UPDATE: BOOSH CONTINUES THE PROCESS OF DIVESTING BEAUTIFUL BEANFIELDS

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: "The potential Beautiful Beanfields asset divestment to Simple Yummy Chips and its parent company, Moosehead Brands, has taken longer then expected. This potential divestment was always going to take time with the goal to expand outside of North America and managing the North American demand. The goal is to create a long-term partnership that benefits both companies involved. Through the process, other interested [consumer packaged goods] companies have inquired to partner up and potentially add value to the company."

The company continues exploring multiple options to recapitalize the treasury and strengthen the balance sheet. Further to this, the company has settled a combined amount of $1.26-million in debt owed to several creditors through the issuance of 63 million common shares at a price of two cents per share. The issuance of the common shares will not result in a change of control, and is subject to regulatory approval and any applicable hold periods.

The company will continue working with all of the creditors to resolve outstanding debts.

About Boosh Plant-Based Brands Inc.

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

We seek Safe Harbor.