THE PLANTING HOPE COMPANY INC Stock Price, News & Analysis

RightRice^®, a brand of The Planting Hope Company, sponsored the Whole Planet Foundation's official SXSW event on March 17, raising over $30,000 to support microcredit loans for women entrepreneurs in impoverished areas. This initiative aligns with Whole Planet Foundation's mission to alleviate poverty through microfinance globally. The event, held at Whole Foods Market headquarters in Austin, Texas, featured performances by various artists and showcased products from multiple brands. Funds raised will facilitate approximately 250 microloans, potentially benefiting over 1,000 individuals. The partnership underscores Planting Hope's commitment to sustainability and community support.

Planting Hope CEO Julia Stamberger has been elected to the board of directors of the Plant Based Foods Association (PBFA) for a two-year term. The PBFA, with over 300 members, advocates for the plant-based food industry, influencing policy and addressing key industry issues. Stamberger joins notable leaders from companies like Impossible Foods and Tofurky, enhancing her influence in the sector. As a PBFA member since 2019, Planting Hope's products, including Hope and Sesame Sesamemilk and Mozaics Veggie Chips, are certified plant-based. This board election represents a strategic move to strengthen Planting Hope’s industry position.

The Planting Hope Company has expanded its product availability by adding eleven items, including seven Hope and Sesame and four RightRice products, through Dot Foods, North America's largest food distributor. This collaboration enables swift distribution to over 4,500 foodservice and wholesale clients, ensuring quick access to these plant-based products. CEO Julia Stamberger emphasized the advantages of reaching foodservice end-users, which can enhance sales velocity and margins. As of March 6, 2023, the expanded offerings will be highlighted in Dot’s marketing campaigns, positioning Planting Hope strongly within the growing plant-based food market.

Planting Hope Company Inc. (TSXV:MYLK, OTCQB:MYLKF) announces the feature of its Hope and Sesame® Sesamemilk in a curated assortment at Pop Up Grocer's flagship location in New York City. Three flavors—Unsweetened Vanilla, Chocolate, and Barista Blend—are showcased in 32 oz aseptic cartons. Additionally, the company will present its Barista Blend Sesamemilk at Coffee Fest NYC from March 5-7. The sesamemilk is recognized for its high protein content and sustainability, thriving in arid conditions. This initiative aims to enhance brand visibility and reach new consumers.

The Planting Hope Company (TSXV:MYLK, OTCQB:MYLKF) has announced the successful closing of the first tranche of a private placement involving non-brokered convertible debentures, securing gross proceeds of C$1,250,600 out of a targeted C$4,000,000. The debentures, maturing on February 28, 2026, offer a 10% annual interest rate with a conversion option at C$0.50 per share. Aim is to broaden the shareholder base, with holders provided an option to convert into units comprising shares and warrants. Proceeds will support general working capital needs.