Skip to content
milkwoodhernehill

milkwoodhernehill

Can't Eat Food

Primary Menu
  • Best Restaurants
  • Food Traditional
  • Food & Cooking
  • Healthy Food
  • Recipes food
  • Italian Food
  • About Us
    • Advertise Here
    • Contact Us
    • Privacy Policy
    • Sitemap
  • Home
  • Planet Based Food to Commence Trading on the Canadian Securities Exchange
  • Healthy Food

Planet Based Food to Commence Trading on the Canadian Securities Exchange

By Amanda M. Rye 3 weeks ago

VANCOUVER, BC, Jan. 6, 2022 /CNW/ – 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 burger 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.

Related Posts:

  • Planet Based Foods to Commence Trading on the Canadian Securities Exchange

“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.

To view information about the Company and subscribe to automated email alerts for future news and public filings, visit the Planet Based Foods website at www.planetbasedfoods.com.

About Planet Based Foods Global Inc.

The Company, through its wholly-owned subsidiary Planet Based Foods Inc., is a producer of sustainable plant-based meat substitutes. Planet Based Foods Inc. was founded in 2019 in San Diego, California. With a mission to build a better food system by providing hemp-formulated superfood products to people today that support our planet tomorrow, all Planet Based Foods products are 100% vegan, and non-GMO.

ON BEHALF OF THE BOARD

“Braelyn Davis“

Braelyn Davis

President, Chief Executive Officer and Director

For more information, please visit: www.planetbasedfoods.com or contact: [email protected]

Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

FORWARD-LOOKING STATEMENTS:

Certain statements included in this news release constitute “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” under applicable Canadian securities laws (collectively, “forward-looking statements”). Such statements include those identified by the expressions “anticipate”, “assume” “believe”, “plan”, “estimate”, “expect”, “intend”, “may”, “should” and similar expressions. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. These forward-looking statements or information relate to, among other things: the use of proceeds from the Financing; and development of the Company’s business and product offering. These statements reflect the Company’s current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward–looking statements or forward-looking information and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: development of the industry in which the Company operates; risks associated with the conduct of the Company’s business activities; risks relating to reliance on the Company’s management team and outside contractors; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; laws and regulations governing the industry in which the Company operates; the ability of the communities in which the Company operates to manage and cope with the implications of COVID-19; the economic and financial implications of COVID-19 to the Company; operating or technical difficulties; employee relations, labour unrest or unavailability; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and other risk factors disclosed in the Company’s public disclosure documents available on the Company’s profile at www.sedar.com. Readers are cautioned against attributing undue certainty to forward-looking statements or forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward–looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.

SOURCE Planet Based Foods

Cision

Cision

View original content: http://www.newswire.ca/en/releases/archive/January2022/06/c5684.html

Tags: Food Games, Food Gift Baskets, Food Grade Mineral Oil, Food Hall, Food Handlers, Food Handlers Card, Food Handlers Permit, Food High In Fiber, Food High In Iron, Food High In Potassium, Food High In Protein, Food Ideas, Food In Spanish, Food Inc, Food Insecurity, Food Insecurity Definition, Food Intolerance, Food Intolerance Test, Food Italy Is Famous For, Food Jobs, Food Jokes, Food Journal, Food Journal App, Food Journal Template, Food Justice, G Food Items, G Food Mart, G Food Mart Deli, G Food Names, G Food Near Me, G Food Store, G Food Truck, G Foods, H Food Express, H Food Logo, H Food Market, H Food Mart, H Food Mart Upland Ca, H Food Share Price, H Foods, H Foods Words, I Food Deli, I Food Items, I Food Near Me, I Food Real, I Food Real White Chicken Chili, I Foods, I Foods Names, I Foods Words

Continue Reading

Previous What Does Spam Taste Like?
Next Avicanna Expands RHO PhytoTM Formulary with the Introduction of Cannabigerol Products into the Canadian Market
May 2022
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
« Apr    

Categories

  • Best Restaurants
  • Food & Cooking
  • Food Traditional
  • Healthy Food
  • Italian Food
  • Recipes food

Archives

  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • July 2020
  • June 2020
  • March 2020
  • November 2018
  • October 2018
  • January 2017

Recent Posts

  • Innovative Food category nets $4.8b in 2021 thanks to alt-protein
  • After being named one of best in America, this Vermont restaurant is booked for the summer
  • Nasim Lahbichi: What It’s Really Like to Be a Food Content Creator
  • We got all of these. This is what we learned.
  • Homemade Dog Treats Recipe – Peanut Butter Dog Treats (How-to Video)

Tags

A Food Affair A Foodborne Illness Is A Disease That A Foodborne Illness Is A Disease Transmitted A Foodborne Illness Outbreak Occurs When A Food Chain A Food Italy Is Famous For A Foods A Food Web B Food Dishes B Food Grade B Food Items B Food Logo B Food Names B Food Near Me B Food Rating B Food Science Co. Ltd Business Cooking finance food Food Addiction Food Allergy Food Allergy Symptoms Food Allergy Testing Food And Drug Administration Food And Wine Food Around Me Food Aversion Food Bank Food Bank Of The Rockies Food Banks Near Me Food Baskets Food Bazaar Food City Food Delivery Near Me Food Lion Food Lion Near Me Food Near Me Food Near Me Open Food Network Food Open Near Me Food Poisoning Food Stamps recipe Recipes

Visit Now

gen z fashion
Intellifluence Trusted Blogger

BL

LP

TL

milkwoodhernehill.co.uk © All rights reserved. | Magazine 7 by AF themes.
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT