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BOOSH PLANT-BASED BRANDS - $VGGIF STOCK NEWS

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Rhea-AI Summary
Boosh Plant-Based Brands Inc. provided an update on its exclusive US licensing agreement with Simple Yummy Chips, LLC for the sale and distribution of chips made by Beautiful Beanfields Inc. The company will receive a guaranteed 7% profit on wholesale and was granted a $1,000,000 USD line of credit for Beanfields' Accounts Payable. Yummy is now producing to fill orders and the company is working on sourcing a secondary supplier for its core ingredient Bean grits. The company's focus will be on increasing Canadian supply and export of Beanfields Chips to new and previous customers in Mexico, Dubai, and Australia. Additionally, the resignation of Mr. Lance Marples and the appointment of Mr. Rob Hall were announced.
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End-of-Day
-17.05%
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Rhea-AI Summary
Boosh Plant-Based Brands enters exclusive US license agreement with Simple Yummy Chips for bean-based snacks. Licensee to pay 7% of COGS as license fee. Line of credit agreement with Tahoe Blue Nutrition provides up to $1M for accounts payable. Interest rate of 15% per annum.
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Boosh Plant-Based Brands Inc. announced that the British Columbia Securities Commission has granted a management cease trade order (MCTO) due to a delay in filing financial statements. The MCTO restricts trading for the CEO and CFO until the filings are submitted. The company has settled C$950,000 in debt by issuing 19,000,000 Common Shares.
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Rhea-AI Sentiment
End-of-Day
-21.67%
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Rhea-AI Summary
Boosh Plant-Based Brands Inc. expects a delay in filing its audited financial statements for the fiscal year ended March 31, 2022. The company has submitted an application for a Management Cease Trade Order (MCTO) to the British Columbia Securities Commission. The MCTO, if granted, will prohibit trading in the company's securities by insiders until the Required Filings are submitted. The company will provide bi-weekly default status reports to comply with alternative information guidelines.
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End-of-Day
-41.18%
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Boosh Plant-Based Brands announces a licensing agreement for the sale and distribution of Beanfields Chips in the US. The licensee will have an exclusive trademark licensing and Boosh will earn a license fee equal to 7% of the cost of goods sold.
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41.18%
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-17.04%
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-20%
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BOOSH PLANT-BASED BRANDS

OTC:VGGIF

VGGIF Rankings

VGGIF Stock Data

769.71k
126.76M
11.76%
Frozen Specialty Food Manufacturing
Manufacturing
Link
United States of America
Surrey