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Boosh Plant-Based Brands Inc. is a prominent player in the health food sector, offering high-quality, non-GMO, gluten-free, 100% plant-based nutritional comfort foods through its subsidiary, Boosh Food. Additionally, the company owns Beanfields, a plant-based chip brand available in over 7,000 stores across North America. Recently, Boosh entered into an exclusive US licensing agreement with Simple Yummy Chips, LLC, for the distribution of bean-based snacks. The company received a line of credit to cover accounts payable, ensuring smooth production and expansion into new markets like Mexico, Dubai, and Australia. With a commitment to sustainability and product quality, Boosh aims to cater to the growing demand for plant-based alternatives, providing nutritious options that are beneficial for both consumers and the planet.
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Boosh Plant-Based Brands Inc. provided an update on its exclusive US licensing agreement with Simple Yummy Chips, LLC for the sale and distribution of chips made by Beautiful Beanfields Inc. The company will receive a guaranteed 7% profit on wholesale and was granted a $1,000,000 USD line of credit for Beanfields' Accounts Payable. Yummy is now producing to fill orders and the company is working on sourcing a secondary supplier for its core ingredient Bean grits. The company's focus will be on increasing Canadian supply and export of Beanfields Chips to new and previous customers in Mexico, Dubai, and Australia. Additionally, the resignation of Mr. Lance Marples and the appointment of Mr. Rob Hall were announced.
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Boosh Plant-Based Brands enters exclusive US license agreement with Simple Yummy Chips for bean-based snacks. Licensee to pay 7% of COGS as license fee. Line of credit agreement with Tahoe Blue Nutrition provides up to $1M for accounts payable. Interest rate of 15% per annum.
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Boosh Plant-Based Brands Inc. announced that the British Columbia Securities Commission has granted a management cease trade order (MCTO) due to a delay in filing financial statements. The MCTO restricts trading for the CEO and CFO until the filings are submitted. The company has settled C$950,000 in debt by issuing 19,000,000 Common Shares.
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Boosh Plant-Based Brands Inc. expects a delay in filing its audited financial statements for the fiscal year ended March 31, 2022. The company has submitted an application for a Management Cease Trade Order (MCTO) to the British Columbia Securities Commission. The MCTO, if granted, will prohibit trading in the company's securities by insiders until the Required Filings are submitted. The company will provide bi-weekly default status reports to comply with alternative information guidelines.
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Boosh Plant-Based Brands announces a licensing agreement for the sale and distribution of Beanfields Chips in the US. The licensee will have an exclusive trademark licensing and Boosh will earn a license fee equal to 7% of the cost of goods sold.
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FAQ
What is the current stock price of Boosh Plant Base (VGGIF)?
The current stock price of Boosh Plant Base (VGGIF) is $0.002 as of February 28, 2025.
What is the market cap of Boosh Plant Base (VGGIF)?
The market cap of Boosh Plant Base (VGGIF) is approximately 510.8K.
What does Boosh Plant-Based Brands Inc. specialize in?
Boosh specializes in offering high-quality, non-GMO, gluten-free, 100% plant-based nutritional comfort foods through its subsidiary, Boosh Food.
What is Beanfields and how is it related to Boosh?
Beanfields is a plant-based chip brand owned by Boosh, available in over 7,000 stores throughout North America.
What recent agreement did Boosh enter into with Simple Yummy Chips, LLC?
Boosh entered into an exclusive US licensing agreement with Simple Yummy Chips, LLC, for the distribution of bean-based snacks.
What financial arrangement did Boosh secure to support production needs?
Boosh secured a $1,000,000 USD line of credit to cover accounts payable related to production, ensuring smooth operations and expansion.
In which new markets is Boosh planning to expand its presence?
Boosh aims to increase supply and export of Beanfields Chips to new and existing customers in Mexico, Dubai, and Australia.
Who is the Founder/CEO of Boosh Plant-Based Brands Inc.?
Connie Marples serves as the Founder/CEO of Boosh Plant-Based Brands Inc., leading the company's initiatives towards sustainable growth and market expansion.
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