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Planting Hope Company Inc (The) - MYLKF STOCK NEWS

Welcome to our dedicated news page for Planting Hope Company (The) (Ticker: MYLKF), a resource for investors and traders seeking the latest updates and insights on Planting Hope Company (The).

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Planting Hope Company (The)'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Planting Hope Company (The)'s position in the market.

News
The Planting Hope Company Inc. Announces Application for Voluntary MCTO
Rhea-AI Summary
The Planting Hope Company Inc. has applied for a voluntary management cease trade order (MCTO) due to delays in filing annual financial statements. The company is working to resolve this issue and expects to file the required documents by June 28, 2024. The MCTO only restricts the Chief Executive Officer and Chief Financial Officer from trading, not other shareholders.
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Planting Hope (MYLK) Announces Debt Reorganization and Update to Private Placement
Rhea-AI Summary
<p><b>Planting Hope (MYLK) Announces Debt Reorganization and Update to Private Placement</b> - Planting Hope Company Inc. (TSXV:MYLK)(OTCQB:MYLKF)(FRA:J94) is proposing a debt reorganization and settlement of convertible debentures, offering holders the opportunity to settle outstanding debt through the issuance of units. The private placement is expected to raise up to C$8,000,000, with participation from a US-based investment fund. The net proceeds will support inventory purchases, business expansion, and working capital needs. The company has also completed the conversion of accrued interest on debentures into shares, involving related parties. The transactions are subject to regulatory approvals and may close in tranches.</p>
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Planting Hope (MYLK) Announces New Private Placement and Signs Memo of Understanding for Equity Investment and Credit Facility
Rhea-AI Summary
Planting Hope Company Inc. signs MOU with a US-based investment fund for $7M USD financing. The Fund to provide $2M USD in equity capital and $5M USD in debt financing. Company cancels previous private placement and launches a new private placement of up to 80,000,000 Units at $0.10 CAD per Unit. Proceeds to support inventory purchases, business expansion, and working capital. CEO Julia Stamberger optimistic about growth opportunities in Foodservice channel and product innovation. Company aims for inventory replenishment, product innovation, and international expansion.
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End-of-Day
63.75%
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Planting Hope Engages Independent Trading Group as Market Maker
Rhea-AI Summary
Planting Hope Company Inc. engages Independent Trading Group for market-making services and proposes to convert interest on outstanding convertible debentures into shares.
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-2.59%
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Planting Hope Announces Extension of Non-Brokered Private Placement
Rhea-AI Summary
Planting Hope Company Inc. extends price reservation on private placement, aiming to raise up to $4 million CAD for business expansion and working capital purposes.
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27.18%
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Planting Hope Accelerates Foodservice Strategy and Profitability Drive with Two New Board Directors and Chief Financial Officer
Rhea-AI Summary
The Planting Hope Company Inc. announces the appointment of two new board members and a new Chief Financial Officer. Scott Carter and Qing Meyerson join as directors, while Tony Sansone takes on the role of CFO. The board also sees resignations from Saundra Linn and Kay Wong-Alafriz. The company issues stock options to employees and insiders, granting a total of 4,356,376 subordinate voting shares at an exercise price of $0.10 per share.
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-4%
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Planting Hope Announces Distribution of Hope and Sesame(R) Barista Blend Sesamemilk in Costco Warehouse Stores
Rhea-AI Summary
Planting Hope Company Inc. launches Hope and Sesame Barista Blend Sesamemilk in select Costco Warehouse Stores across the Pacific Northwest region of the United States. The product is specially formulated to froth, foam, steam, and perform well in hot and iced beverages. It offers a quantum leap forward in sustainability, saving 582L of water over the same size 6-pack case of almond milk. The product provides 2x the protein of comparable oat or almond barista-style milk products and uses 54% less water than oat milk, 75% less than almond milk, and 84% less than dairy milk. Hope and Sesame Barista Blend Sesamemilk aims to upgrade the deliciousness of plant-based milk, double up the protein, and save a substantial amount of water over most barista almond and oat milks. The launch coincides with the Lunar New Year season, and the product is being introduced to Costco members during the Year of the Dragon. The product is priced at $18.99 per 6-pack, equivalent to $3.19 per carton, and is expected to be available for 12 weeks or while supplies last.
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0.24%
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Planting Hope Cancels Options Grants
Rhea-AI Summary
Planting Hope Company Inc. cancels options grants and clarifies the cancellation of US SEC 506 Reg D financing, with no financing dollars raised and no shares issued.
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Planting Hope Grants Stock Options
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Planting Hope Company Inc. (TSXV:MYLK)(OTCQB:MYLKF)(FRA:J94) announces stock option awards and the end of a private placement offering
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CORRECTION: Planting Hope Adds Two Board of Directors Members
Rhea-AI Summary
Planting Hope Company Inc. (TSXV:MYLK)(OTCQB:MYLKF)(FRA:J94) has appointed two new board members, Jessica Gleeson and Kevin Phelps, expanding the total director seats to six. Jessica brings expertise in Foodservice and China market, while Kevin has extensive CFO experience. Amanda Helming has resigned from the board.
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Planting Hope Company Inc (The)

OTC:MYLKF

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MYLKF Stock Data

9.06M
70.27M
0.45%
Fluid Milk Manufacturing
Manufacturing
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Canada
Vancouver