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PLANTING HOPE CO SUB VTG - $MYLKF STOCK NEWS

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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. (TSXV:MYLK)(OTCQB:MYLKF)(FRA:J94) reported FY 2023 YTD gross revenues of $7.9M and Q3 2023 gross revenues of $1.9M, reflecting anticipated gross revenue decreases versus FY 2022 of 22% and versus Q3 2022 of 48%. The Company realized a Gross Margin of 22% for Q3 2023, an improvement of 13 points over Q3 2022. Concurrently, SG&A expenses decreased by 17% for YTD 2023. YTD 2023 EBITDA improved by 9% versus the same period in 2022, and EBITDA for Q3 2023 improved by 13% versus Q3 2022.
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The Planting Hope Company Inc. (MYLK:TSXV)(MYLKF:OTCQB) announces the resignation of its Chief Financial Officer, Kohmela Grier, effective today. The company engaged NowCFO, a premier outsourced accounting firm, to support its financial accounting function and strategy. John Nocera of NowCFO has been named as the interim CFO.
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Whole Foods Market (WFM) has partnered with Planting Hope to launch Mozaics™ Real Veggie Chips across US locations. The three flavors of Mozaics™ Real Veggie Chips will be available in the Salty Snack sections of Whole Foods Market stores.
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The Planting Hope Company Inc. (TSXV:MYLK)(OTCQB:MYLKF) won the Food category at the 2023 Chicago Innovation Awards for its breakthrough Hope and Sesame® Sesamemilk. The event was attended by more than 600 guests and keynoted by Illinois governor JB Pritzker and Chicago mayor Brandon Johnson. This year's theme was 'From Inspiration to Impact'. Hope and Sesame® Sesamemilk is the first major disruptor since oat milk to enter the plant-based milk market, with significant sustainability advantages over other plant-based milks.
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Planting Hope announces the results of a Life Cycle Assessment study conducted by Planet FWD for Hope and Sesame® Sesamemilk. The study shows that Sesamemilk uses significantly less water than oat milk, almond milk, and whole dairy milk. It also has the lowest greenhouse gas emissions per gram of protein. Hope and Sesame® will host a webinar to discuss the results.
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Planting Hope announces IP valuation results and investor webinar
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The Planting Hope Company announces a private placement opportunity for convertible note units, raising up to $5,000,000 USD. The offering is open to accredited investors in the United States and international investors outside Canada.
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Planting Hope issues shares to settle debt with Debenture holder
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Planting Hope reports Q2 2023 revenues of USD $2.7 million, a decrease of 19% YoY. SG&A expenses decreased by 16% in Q2 2023. The Company aims to achieve EBITDA profitability in the next seven quarters. Strategic shifts resulted in lower quarterly sales revenue but are expected to increase profitability in the long term. The Company expanded distribution of its products in key channels and achieved significant milestones in Foodservice and Retail distribution.
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PLANTING HOPE CO SUB VTG

OTC:MYLKF

MYLKF Rankings

MYLKF Stock Data

9.06M
70.27M
0.45%
Fluid Milk Manufacturing
Manufacturing
Link
United States of America
Vancouver