Goat Industries Stock Price, News & Analysis

GOAT Industries Ltd. has entered into a non-binding Letter of Intent (LOI) with 1000288601 Ontario Inc. to acquire all outstanding securities of Ontario Co via a share exchange. This strategic acquisition aims to obtain Direct Lithium Extraction (DLE) technology, which promises to lower capital and operating costs while enhancing lithium recovery. The LOI outlines that the transaction will proceed subject to regulatory approvals and the completion of due diligence within 60 days. GOAT aims to maximize returns through investments in high-potential companies.

GOAT Industries Ltd. (CSE: GOAT) announced a rebranding, including a new name and a redesigned corporate website aimed at enhancing shareholder engagement. The company focuses on investing in high-potential sectors to maximize returns. Shareholders are encouraged to visit the updated site to explore new initiatives. GOAT's prospectus and financial statements are available on SEDAR. The company also cautioned that forward-looking statements are subject to risks and uncertainties, and actual results may differ significantly from projections.

Billy Goat Brands Ltd. (CSE: GOAT) announces that its subsidiary, FunGuys Beverages, has achieved Phase II certification of TerraCycle's LOOP testing protocols. This milestone enhances FunGuys's role as a socially responsible distributor of organic mushroom-infused cold brew coffee. The partnership with LOOP allows FunGuys to utilize reusable packaging, transitioning from single-use products to a multiuse system. GOAT has also increased its stake in sustainable packaging company Evanesce Inc., which is set to list shares in 2022 or early 2023.

Billy Goat Brands Ltd. (GOAT) announced a name change to GOAT Industries Ltd., effective September 12, 2022, pending CSE approval. The company will retain the stock symbol GOAT on the CSE and BGTTF on the OTCQB. Shareholders need not take action as share certificates remain unchanged. The rebranding aims to support capital deployment and diversification into sectors like Industrials, Defence Technologies, and Energy. GOAT holds a 35% stake in Sophies Kitchen, focusing on sustainable seafood alternatives. Additionally, Lindsay Hamelin resigned from the board.

Billy Goat Brands has announced a non-binding Letter of Intent (LOI) dated June 30, 2022, to acquire Kojo Pet Performance Inc., a plant and cell-based pet food company. The transaction involves issuing common shares valued between $500,000 to $1,000,000, with potential additional shares linked to performance milestones. This acquisition is subject to regulatory approvals and will not change control of Billy Goat Brands. CEO Tony Harris has resigned, with Lawrence Hay stepping in as the new CEO.

Billy Goat Brands announced the appointment of Alex Benger as its new director and Lawrence Hay as Corporate Secretary, replacing Jan Urata. Benger brings a strong background in the biotech and plant-based sectors and holds a degree in Economics. The changes aim to strengthen the leadership as the Company focuses on high-potential investments in the plant-based food technology sector. The goal remains to generate maximum returns while adhering to environmental, social, and governance values.

Billy Goat Brands Ltd. (CSE: GOAT, OTCQB: BGTTF) has increased its stake in Sophie’s Kitchen to 35% through the conversion of a credit facility into common shares. This strategic move allows GOAT to protect against share dilution via anti-dilution rights. Sophie’s Kitchen recently launched a new line of gluten-free, soy-free, and non-GMO plant-based products including frozen burgers and sauces, aiming for availability in North American retail in 2022. Management expressed optimism about the brand's growth potential in the plant-based food market.

Billy Goat Brands Ltd. (CSE: GOAT, OTCQB: BGTTF) announced a CAD 50,000 purchase order from Drip Coffee Social Ltd. for its KOLD line of organic, mushroom-infused cold-brew coffee. This marks a significant milestone for its subsidiary, FunGuys Beverages, as they enter the USD 655 million cold-brew coffee market. The initial order validates the brand's positioning and will help introduce KOLD Beverages to multiple retail locations in British Columbia. FunGuys aims to position itself as a leading distributor in the functional beverage space, focusing on health and sustainability.

Billy Goat Brands Ltd. (BGTTF) announces its portfolio company, Sophie’s Kitchen, highlighted in a recent FoodNavigator USA article focused on plant-based seafood. CEO Miles Woodruff anticipates significant market shifts as demand for plant-based products rises. A master distribution agreement with Southwind Food is expected to enhance brand visibility and sales. GOAT aims to optimize Sophie’s Kitchen’s enterprise value within the ocean economy, supported by innovative product development and distribution capabilities.