spot_img

Planet Based Foods to Commence Trading on the Canadian Securities Exchange

 

Planet Based Foods Global Inc. (CSE: PBF) (“PBFG” or the “Company“) is pleased to announce that the Company’s common shares will commence trading on January 11, 2022, on the Canadian Securities Exchange (the “CSE”) under the ticker symbol “PBF”

The Company, through its San Diego-based wholly-owned subsidiary, Plant Based Foods Inc. (“Plant-Based Foods”), is a producer of sustainable plant-based meat substitutes. The Company’s clean line of food products, including vegan burgers and sausage patties, are formulated with superfood hemp, which is widely considered a leading source of plant-based protein and one of the world’s most sustainable crops.

“Listing on the CSE represents a major milestone for PBFG and our shareholders,” said Braelyn Davis, President, and CEO of the Company. “As we take this exciting next step in the Company’s growth, we are looking forward to increasing our exposure to investors and enhancing long-term value for all stakeholders.”

Additionally, PBFG is pleased to announce that outstanding subscription receipts (the “Subscription Receipts”) of the Company were converted on December 17, 2021. An aggregate of CAD$8,113,130 was raised pursuant to the sale of Subscription Receipts which were offered at $0.30 per Subscription Receipt in July 2021 (the “Financing”). The gross proceeds of the Financing were previously held in escrow and released to the Company upon conversion of the Subscription Receipts. Each Subscription Receipt has been converted into one subordinate voting share of the Company (each a “Share”) and one-half of one  Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder to purchase one additional Share from the Company at an exercise price of $0.60 for a period of 24 months from  December 17, 2021. In connection with the Financing, the Company paid finders’ fees equal to $423,765 in cash and issued 1,412,550 non-transferable warrants (the “Finder’s Warrants”). Each Finder’s Warrant has the same terms as the Warrants. The net proceeds from the Financing will be used to support the growth and continued development of the Company’s clean line of hemp-formulated food products.

“We are pleased to have closed this significant financing goal, which will enable us to continue to bring innovative products to the market that address today’s crucial need for more sustainable, healthy food options,” said Braelyn Davis. “The Company thanks its many supportive shareholders who stand by our mission to develop plant-based products that are good for people and for the planet

For further details about the Company and the listing transaction, please refer to the Company’s listing statement at www.thecse.com as well as the Company’s profile at www.sedar.com.

SOURCE: Planet Based Foods




I want to grow my online platform to create awareness about ethical consumerism, environmentalism, and the plant-based lifestyle. My main mission is to share information that empowers people to make better choices and create a VEG NEW WORLD :)


Your support is vital and is helping me share the collected information with thousands of readers and viewers. I try to deliver exclusive stories and relevant content in a challenging commercial environment. Your contribution helps me to cover the costs that my service requires. Please consider contributing (no matter how small) to keep the information flowing so you can remain informed and have life changing interviews and stories to share.

spot_img

Subscribe

Related articles

GUUD Modern Muesli Launches Functional Cereal Line

New ‘Fuel’ Products Take Breakfast to the Next Level GUUD,...

Yoga guru offers free guided meditation for World Meditation Day

  Available online for participants across the globe, or in-person...

Fleur & Bee Releases Beginner-Friendly Retinol Moisturizer

Clean skincare brand Fleur & Bee officially debuts its...

REVOLUTION BEAUTY EXPANDS INTO SELECT WALGREENS STORES AND ONLINE NATIONWIDE

  Revolution Beauty Expands Retail Footprint, Launching a Makeup Revolution...
spot_img
Betty Tűndikhttps://vegnew.world
Hi everyone! Nice to e-meet you! Here are a few things you should know about me. I am a conscientious, open-minded, adaptable to new experiences, and ambitious Business Development Manager with a Bachelor's Degree in Economics - Banking, Finance, and Accountancy. Through my studies, I've also obtained many naturopathic and nutrition degrees as well. Part-time jobs have added marketing, network marketing, event management, and store management skills to my experience throughout my career. Throughout my career, I have also been a Hotel Manager and owned a Bar/Restaurant & Internet Cafe. My online marketing and social media interactivity experience was gained when I and my husband started a business with an online/organic webshop & healthy lifestyle consultancy. I've improved my English at Cambridge Academy of English - 2003, in Cambridge. I live a conscious lifestyle, and try to protect the ecosystem. Animal lover and capable of helping others without judgment or negative reactions, this is thanked my knowledge in holistic therapies and the naturopathy courses I've followed. I cannot leave for my spiritual growth and the continuous development in alternative and holistic therapies, so I'm learning at Kyron School of New Consciousness, receiving a Bio Energo-therapist diploma. Thanks to all my experiences I've decided to venture into publishing and writing, while also continuing to learn many new things daily. I hope you enjoy reading my hand-picked news and check back for my weekly articles.

LEAVE A REPLY

Please enter your comment!
Please enter your name here