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Planet Based Foods Global Inc. reports news about its plant-based food, sustainable ingredient and agricultural technology activities. Company updates cover agri-tech distribution, clean technology for climate-controlled agriculture, horticulture-related royalty arrangements and stated food security initiatives tied to commercial and institutional supply chains.
News about Planet Based Foods Global Inc. also includes public-company governance matters. Recurring subjects include shareholder voting results, security-based compensation arrangements, auditor changes, officer appointments and clarifications related to annual meeting materials.
Planet Based Foods (CSE: PBF, OTC Pink: PBFFF, FSE: AZ00) has announced a non-brokered private placement of subordinate voting shares at $0.10 per share, aiming to raise CAD $1,000,000. Coenda Investments Holding Corp. will purchase all shares, resulting in Coenda holding 49% of the company's issued shares. This transaction is exempt from security holder approval due to the company's serious financial difficulty. Proceeds will be used for general working capital and corporate purposes. The offering is expected to close on May 31, 2024, pending necessary approvals.
Planet Based Foods Global Inc. announces a delay in filing its audited annual financial statements due to issues with external auditors, setting a new deadline for June 28, 2024. The Company has applied for a management cease trade order and received an extension to complete a private placement offer. Despite the delay, there is no undisclosed material information.
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