PLANET BASED FOODS GLOBAL INC Stock Price, News & Analysis

Coenda Investments Holding Corp. has acquired 9,523,809 subordinated voting shares of Planet Based Foods Global Inc. (OTC:PBFFF) in a debt settlement transaction worth CAD $500,000. The acquisition, completed on August 28, 2025, increases Coenda's ownership from 49.15% to 54.86% of PBFFF's outstanding subordinated voting shares.

Kerem Akbas, who controls Coenda and serves as a director of Planet Based Foods, may be considered a joint actor in the transaction though he personally owns no shares. The acquiror indicates it may purchase additional securities or dispose of its holdings based on market conditions and compliance with securities laws.

Planet Based Foods Global (OTC:PBFFF) has completed previously announced debt settlement transactions with related parties Baron Global Financial Canada and Coenda Investments Holding Corp. The company issued 15,238,094 subordinated voting shares to settle a CAD $800,000 debt at a deemed price of $0.0525 per share, representing a 25% discount to market price.

The shares are subject to a four-month statutory hold period. The company relied on exemptions from formal valuation and minority shareholder approval requirements due to serious financial difficulties, with the transactions designed to improve its financial position.

Coenda Investments Holding Corp., controlled by Kerem Akbas, has acquired 10,000,000 subordinated voting shares of Planet Based Foods Global Inc. (PBFFF) on May 31, 2024. This acquisition represents approximately 49.15% of the issuer's outstanding subordinate voting shares.

The strategic investment aims to gain significant ownership and influence over Planet Based Foods Global's operations. Prior to this transaction, neither Coenda nor Kerem Akbas held any securities in PBFFF. The company has acknowledged a delay in disclosure timing and has implemented measures to ensure future compliance.

Planet Based Foods Global (OTC:PBFFF) has executed definitive debt settlement agreements with Baron Global Financial Canada and Coenda Investments to settle $800,000 of debt through share issuance. The company will issue 15,238,094 shares at $0.0525 per share, representing a 25% discount to the closing price.

The settlement includes 9,523,809 shares to Coenda for $500,000 of debt and 5,714,285 shares to Baron for $300,000 of debt. Post-settlement, Coenda's ownership will increase from 49.15% to 54.86%, while Baron will hold approximately 16.66% of outstanding shares. The transaction, subject to regulatory approvals, is expected to complete around August 28, 2025.

Planet Based Foods Global (OTC:PBFFF) has announced binding term sheets with Baron Global Financial Canada Ltd. and Coenda Investments Holding Corp. to settle an aggregate debt of $800,000 through the issuance of subordinate voting shares. The debt settlement will be executed at a price per share equal to the greater of $0.05 or 75% of the closing price on the CSE prior to the announcement.

The debt arose from compliance and financial services provided by Baron and operating expenses paid by Coenda. The transaction constitutes a related party transaction under MI 61-101, with the company citing financial hardship exemptions from formal valuation and minority approval requirements.

Planet Based Foods (OTC:PBFFF) announced significant leadership changes and governance updates as part of its operational turnaround strategy. The company has appointed Supreet Sidhu as Chief Financial Officer, replacing Emrah Petorak who will step down from the Board. Additionally, Beata Jirava joins as an independent director.

The company has filed a petition with the Supreme Court of British Columbia seeking relief regarding its AGM timing for 2023 and 2024. Due to financial constraints caused by declining consumer interest in plant-based meats and cost structure issues, PBFFF plans to hold both AGMs concurrently by December 31, 2025.

Planet Based Foods Global Inc. (OTC: PBFFF) has announced a significant leadership transition with the appointment of Claire Skillen as CEO, President, and Director, effective immediately. Skillen brings over 15 years of leadership experience across health, natural resources, and technology sectors, along with extensive academic credentials including degrees in Physical Geography and Climatology, Business Administration, and Counseling Psychology.

The new CEO succeeds Sigal Shapira and will focus on advancing the company's revitalized market strategy, accelerating product innovation, and developing partnerships in the global plant-based ecosystem. Under Skillen's leadership, the company aims to strengthen its position in sustainable food solutions with emphasis on commercialization and international expansion.

Planet Based Foods (OTC:PBFFF) has announced significant changes to its Board of Directors, effective immediately. The company has appointed four new board members: Olha Yushchenko and David Eaton as Independent Directors, William Blake Aaron as Director and Audit Committee Chair, and Dawn Wattie as Director and Corporate Secretary.

William Blake Aaron will transition from his previous role as Corporate Secretary to serve as Director and Audit Committee Chair. CEO Sigal Shapira emphasized that these appointments will strengthen the company's leadership team with expertise in public and private sector leadership, capital markets, finance, and corporate law.

Planet Based Foods Global (OTC:PBFFF), a sustainable food ingredients and plant-based solutions company, has announced changes to its Board of Directors. Lauren Camp has resigned from the Board, while Ceri Cukran joins as a new Independent Director and will serve on the audit committee.

CEO and President Sigal Shapira expressed confidence that Cukran's executive, financing, and market experience will strengthen the company's governance and oversight capabilities.