Update Regarding Singapore Subsidiary
Rhea-AI Summary
Planet Based Foods Global (OTC Pink: PBFFF) announced on December 4, 2025 that it will not proceed at this time with the planned wholly owned Singapore subsidiary, PBFG Trade Pte. Ltd.
The subsidiary had been announced previously on October 22, 2025; the company said it has determined not to move forward with establishment of the entity at this time and provided no financial figures or timing for any future reconsideration.
Positive
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Negative
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News Market Reaction
On the day this news was published, PBFFF gained 136.97%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Market Reality Check
Peers on Argus
PBFFF was up 136.97% pre-news while peers were mixed: HEMP 0%, PTPI +7.69%, BIEI -16.67%, CATV +100%, LMLLF 0%. This points to stock-specific factors rather than a broad sector move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 24 | AGM results | Neutral | +20.5% | Reported AGM voting outcomes and confirmed directors and auditor. |
| Oct 27 | AGM clarification | Neutral | +6.0% | Clarified director nominees in information circular ahead of AGM. |
| Oct 22 | Board & expansion | Positive | +3.0% | Appointed new CEO/chair and announced creation of Singapore subsidiary. |
| Sep 17 | Distribution deal | Positive | -84.4% | Announced Enerama distribution deal and new COO but shares fell sharply. |
| Sep 12 | AGM court approval | Neutral | -3.2% | Received court approval to proceed with delayed shareholder meetings. |
Recent news has produced mixed reactions, including one sharp selloff on positive operational developments and more modest gains around governance and corporate updates.
Over the last few months, Planet Based Foods Global reported several governance and strategic milestones. On Sep 12, it secured court approval to hold delayed AGMs. On Sep 17, it announced an exclusive Enerama distribution deal and a new COO, which coincided with a -84.43% move. Subsequent board changes and the initial Singapore subsidiary announcement on Oct 22 saw a smaller +3.03% reaction. The AGM clarification and final AGM results in late October and November drew positive but moderate moves, framing today’s reversal of the Singapore subsidiary decision against a backdrop of ongoing corporate restructuring.
Market Pulse Summary
The stock surged +137.0% in the session following this news. A strong positive reaction aligns with the stock’s tendency to move sharply on corporate updates, as seen with prior AGM and governance news. However, today’s announcement reverses the Singapore subsidiary initiative first disclosed on October 22, 2025, highlighting strategic reconsideration rather than expansion. Past divergence—such as the -84.43% move on the Enerama deal—shows that sharp moves have not always matched operational developments, which may temper confidence in the durability of gains.
AI-generated analysis. Not financial advice.
Vancouver, British Columbia--(Newsfile Corp. - December 4, 2025) - Planet Based Foods Global Inc. (CSE: PBF) (OTC Pink: PBFFF) (FSE: AZ00) (the "Company" or "PBFG") advises that, further to its October 22, 2025 news release announcing the establishment of a wholly owned subsidiary in Singapore, PBFG Trade Pte. Ltd., the Company has determined that it will not proceed with the subsidiary at this time.
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.
Additional information is available at www.sedarplus.ca.
On Behalf of the Board
Kerem Akbas
Chairman of the Board, 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/277007
FAQ
What did Planet Based Foods Global (PBFFF) announce on December 4, 2025 about its Singapore subsidiary?
When was PBFG Trade Pte. Ltd. originally announced by PBFFF?
Does PBFFF provide reasons or financial impact for not proceeding with the Singapore subsidiary?
Will PBFFF revisit establishing PBFG Trade Pte. Ltd. in the future?
How does this announcement affect PBFFF's international expansion plans?
Where can investors find official updates from Planet Based Foods Global (PBFFF) about the Singapore subsidiary?
