Planet Based Foods Global Inc. Provides Further Update on Shareholder Meeting

Rhea-AI Summary

Planet Based Foods Global (OTC:PBFFF) has received approval from the Supreme Court of British Columbia to hold its delayed annual general meetings for the years ended December 31, 2023 and December 31, 2024. This update follows the company's previous announcement on September 10, 2025, regarding its petition hearing.

The company's Board of Directors will soon schedule the shareholder meetings in compliance with the Court's Order. Important details including the record date, meeting date, and agenda items will be announced later.

Positive

• None.

Negative

• Company failed to hold timely annual general meetings for 2023 and 2024, requiring court intervention

Vancouver, British Columbia--(Newsfile Corp. - September 12, 2025) - Planet Based Foods Global Inc. (CSE: PBF) (OTC Pink: PBFFF) (FSE: AZ00) (the "Company") provides the following update further to its news release of September 10, 2025 announcing the hearing of its petition to hold shareholder meetings.

The Company announces that on September 12, 2025, the Supreme Court of British Columbia granted the Company's petition to allow it to hold its annual general meetings for years ended December 31, 2023 and December 31, 2024. The Company's Board of Directors will be convening shortly to call a meeting of shareholders, in accordance with the Court's Order. Details regarding the record date, meeting date, and matters of business to be considered at the meeting will be announced in due course.

About Planet Based Foods Global Inc.

Planet Based Foods Global Inc. is reimagining the future of food through a diverse portfolio of sustainable ingredients, plant-based solutions, and advancements in agricultural technology. With a focus on environmental stewardship, product excellence, and scalable impact, the Company empowers food manufacturers, partners, and consumers to participate in a cleaner, healthier, and more resilient global food system. Planet Based Foods operates with integrity and purpose, delivering products that align with evolving consumer values and contribute to a more sustainable future.

On Behalf of the Board

Claire Skillen
Chief Executive Officer and President
Contact: info@pbfglobal.com

Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning of applicable Canadian securities laws and the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding future plans, strategies, objectives, expectations, and intentions of Planet Based Foods Global Inc. (the "Company"). These statements are based on current expectations and assumptions that are subject to risks and uncertainties, many of which are beyond the Company's control. Such risks and uncertainties include, without limitation, industry developments, regulatory changes, access to capital, operational challenges, supply chain disruptions, and economic conditions. Actual results may differ materially from those expressed or implied in forward-looking statements. Readers are cautioned not to place undue reliance on these statements. The Company undertakes no obligation to update or revise any forward-looking statements except as required by law.

Additional information, including risk factors, is available in the Company's public filings on SEDAR+ at www.sedarplus.ca.

The Canadian Securities Exchange has not reviewed, approved, or disapproved the contents of this release and accepts no responsibility for its adequacy or accuracy.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/266302

FAQ

Why did Planet Based Foods (PBFFF) need court approval for shareholder meetings?

Planet Based Foods required court approval because it failed to hold its annual general meetings for the years 2023 and 2024 within the required timeframe, necessitating a legal petition to the Supreme Court of British Columbia.

When will Planet Based Foods (PBFFF) hold its delayed shareholder meetings?

The specific meeting dates have not been announced yet. The company stated that its Board of Directors will convene shortly to schedule the meetings, with details to be announced in due course.

What years' annual general meetings were approved by the court for Planet Based Foods?

The Supreme Court of British Columbia approved Planet Based Foods to hold annual general meetings for the years ended December 31, 2023 and December 31, 2024.

What information will be announced about Planet Based Foods' upcoming shareholder meetings?

The company will announce the record date, meeting date, and matters of business to be considered at the meetings in future communications.