Mr. Robert Hall reports
CORPORATE UPDATE: BOOSH UNDER CIRO HALT
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 states: "Unfortunately the company was not able to file last year's annual financials and [management's discussion and analysis] as well as Q1 this year due to a lack of capital. We will work through reinstatement to trading once working capital is secured. A production run of our six top flavours is under way to present to our investor pool and new investment groups including Simple Yummy Chips. The company also is working in partnership with Simple Yummy Chips to ensure we find an appropriate path back to revenue and protect our investors."
The company will continue updating shareholders as it works through the solutions.
About Boosh Plant-Based Brands Inc.
Boosh Plant-Based Brands Inc., 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.
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