PLANET BASED FOODS GLOBAL INC Stock Price, News & Analysis

Coenda Investments Holding Corp., controlled by Kerem Akbas, has acquired 10,000,000 subordinated voting shares of Planet Based Foods Global Inc. (PBFFF) on May 31, 2024. This acquisition represents approximately 49.15% of the issuer's outstanding subordinate voting shares.

The strategic investment aims to gain significant ownership and influence over Planet Based Foods Global's operations. Prior to this transaction, neither Coenda nor Kerem Akbas held any securities in PBFFF. The company has acknowledged a delay in disclosure timing and has implemented measures to ensure future compliance.

Planet Based Foods Global (OTC:PBFFF) has executed definitive debt settlement agreements with Baron Global Financial Canada and Coenda Investments to settle $800,000 of debt through share issuance. The company will issue 15,238,094 shares at $0.0525 per share, representing a 25% discount to the closing price.

The settlement includes 9,523,809 shares to Coenda for $500,000 of debt and 5,714,285 shares to Baron for $300,000 of debt. Post-settlement, Coenda's ownership will increase from 49.15% to 54.86%, while Baron will hold approximately 16.66% of outstanding shares. The transaction, subject to regulatory approvals, is expected to complete around August 28, 2025.

Planet Based Foods Global (OTC:PBFFF) has announced binding term sheets with Baron Global Financial Canada Ltd. and Coenda Investments Holding Corp. to settle an aggregate debt of $800,000 through the issuance of subordinate voting shares. The debt settlement will be executed at a price per share equal to the greater of $0.05 or 75% of the closing price on the CSE prior to the announcement.

The debt arose from compliance and financial services provided by Baron and operating expenses paid by Coenda. The transaction constitutes a related party transaction under MI 61-101, with the company citing financial hardship exemptions from formal valuation and minority approval requirements.

Planet Based Foods (OTC:PBFFF) announced significant leadership changes and governance updates as part of its operational turnaround strategy. The company has appointed Supreet Sidhu as Chief Financial Officer, replacing Emrah Petorak who will step down from the Board. Additionally, Beata Jirava joins as an independent director.

The company has filed a petition with the Supreme Court of British Columbia seeking relief regarding its AGM timing for 2023 and 2024. Due to financial constraints caused by declining consumer interest in plant-based meats and cost structure issues, PBFFF plans to hold both AGMs concurrently by December 31, 2025.

Planet Based Foods Global Inc. (OTC: PBFFF) has announced a significant leadership transition with the appointment of Claire Skillen as CEO, President, and Director, effective immediately. Skillen brings over 15 years of leadership experience across health, natural resources, and technology sectors, along with extensive academic credentials including degrees in Physical Geography and Climatology, Business Administration, and Counseling Psychology.

The new CEO succeeds Sigal Shapira and will focus on advancing the company's revitalized market strategy, accelerating product innovation, and developing partnerships in the global plant-based ecosystem. Under Skillen's leadership, the company aims to strengthen its position in sustainable food solutions with emphasis on commercialization and international expansion.

Planet Based Foods (OTC:PBFFF) has announced significant changes to its Board of Directors, effective immediately. The company has appointed four new board members: Olha Yushchenko and David Eaton as Independent Directors, William Blake Aaron as Director and Audit Committee Chair, and Dawn Wattie as Director and Corporate Secretary.

William Blake Aaron will transition from his previous role as Corporate Secretary to serve as Director and Audit Committee Chair. CEO Sigal Shapira emphasized that these appointments will strengthen the company's leadership team with expertise in public and private sector leadership, capital markets, finance, and corporate law.

Planet Based Foods Global (OTC:PBFFF), a sustainable food ingredients and plant-based solutions company, has announced changes to its Board of Directors. Lauren Camp has resigned from the Board, while Ceri Cukran joins as a new Independent Director and will serve on the audit committee.

CEO and President Sigal Shapira expressed confidence that Cukran's executive, financing, and market experience will strengthen the company's governance and oversight capabilities.

Planet Based Foods Global Inc. (PBFFF) has announced significant changes to its executive leadership team and board of directors. Sigal Shapira has been appointed as CEO, President, and Director, bringing nearly 20 years of international business experience in trade, marketing, and business development. Emrah Petorak joins as CFO, while Evelyne Batamuliza and Lauren Camp have been appointed to the Board, with Batamuliza serving as Chairwoman. The new appointments coincide with the departure of Theodore Cash Llewellyn from his positions as CEO and Interim CFO, along with Kevin Vines' resignation from the Board. The company aims to focus on providing sustainable food ingredients and empowering women-led farming communities globally.

Planet Based Foods Global Inc. (CSE: PBF) (OTC: PBFFF) has completed its strategic reorganization announced on April 2, 2025. The transaction involved transferring all outstanding shares of Planet Based Foods Inc. (PBF) to certain company insiders, resulting in the cancellation of 800,000 multiple voting shares and 600,000 subordinate voting shares.

As part of the deal, PBF transferred its proprietary recipes, trademarks, and intellectual property assets to the Company in exchange for forgiving $5.5 million in intercompany debt and receiving an exclusive U.S. license for the IP use with a revenue-based royalty structure.

The reorganization led to significant leadership changes: Ted Cash was appointed as CEO and interim CFO, while Braelyn Davis (former CEO), Robert Davis (former CIO), James Harris, and Gregory Maselli stepped down from their respective positions.