Boosh Secures $500,000 Operating Line to Drive Growth

Boosh Secures $500,000 Operating Line to Drive Growth

Boosh Plant-Based Brands Inc. (CSE: VEGI) (OTCQB: VGGIF) (FSE: 77I) ("Boosh" or the "Company") a premier plant-based brand in the "better for you" food sector, is pleased to announce that it has secured and drawn down on the first tranche of a new operating line of credit.

The Operating Line provided by Summit Bancorp Inc. will provide the Company with up to $500,000 to be drawn at its discretion. As part of the agreement, Summit will also be advising the Company on various capital market strategies to drive shareholder value. The Company has already drawn down $125,000 of the Operating Line which it will use to fulfil sales orders. Each drawdown is repayable three years after the initial date of advance and bears interest at fifteen percent per annum. The line is fully open and can be repaid at anytime without penalty.

"We are very excited to have secured this facility," said Connie Marples, CEO. "The current equity raise along with this facility will allow us to accelerate order fulfillment. We plan on announcing additional details around this shortly."

The Company also announces that Jen Eged has resigned as a director of the Company for personal reasons. Boosh would like to thank Ms. Eged for her contribution to the company and wishes her well.

Connie Marples
Founder/CEO
connie@booshfood.com
Telephone: 778 840 1700
www.Booshfood.com

About Boosh Plant-Based Brands Inc.:

Boosh Plant-Based Brands Inc., through its wholly owned subsidiary, Boosh Food (www.booshfood.com) offers high quality, non-GMO, gluten free, 100% plant-based nutritional comfort foods for the whole family. Through a separate subsidiary, Beautiful Beanfields, (www.beanfields.com) the Company owns Beanfields, a plant-based chip brand sold in over 7,000 stores throughout North America. Boosh, good for you and good for planet earth.

The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward-looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward-looking statements. Forward-looking statements in this news release include, but are not limited to, the Company's expectations concerning the size of the Financing, its ability to close the Financing in whole or in part or at all and its plan for the proceeds of the Financing. Any number of factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although the Company believes that the expectations reflected in forward looking statements are reasonable, it can give no assurances that the expectations of any forward looking statements will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise.

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/151080

News Provided by Newsfile via QuoteMedia

VEGI:CC
The Conversation (0)
boosh food

Boosh Plant-Based Brands

Comfort Food Across Growing Markets in North America

Boosh Settles $190,000 In Debt

Boosh Settles $190,000 In Debt

Boosh Plant-Based Brands Inc. (CSE: VEGI) (OTCQB: VGGIF) (FSE: 77i) ("Boosh" or the "Company") announces that it has entered into a settlement agreement with an arm's length third party for the settlement of $191,428.52 in debt for services previously provided through the issuance of 1,519,274... Keep Reading...
Boosh Plant-Based Brands Announces Delay of Filings

Boosh Plant-Based Brands Announces Delay of Filings

Boosh Plant-Based Brands Inc. (CSE: VEGI) (OTCQB: VGGIF) (FSE: 77i) ("Boosh" or the "Company") a premier plant-based brand in the in-health food sector, announces today that a management cease trade order was granted on August 2, 2022 (the "MCTO") by the British Columbia Securities Commission... Keep Reading...
Boosh Gross Sales for June 2022

Boosh Gross Sales for June 2022

Boosh Plant-Based Brands Inc. (CSE: VEGI) (OTCQB: VGGIF) (FSE: 77i) ("Boosh" or the "Company") is pleased to announce that it generated gross sales revenues of CA$897,048 in the month of June 2022. Costs of goods sold was $534,030.43 for the same month.Boosh Founder and CEO Connie Marples... Keep Reading...
Boosh Plant-Based Brands Corporate Update

Boosh Plant-Based Brands Corporate Update

Boosh Plant-Based Brands Inc. (CSE: VEGI) (OTCQB: VGGIF) (FSE: 77i) ("Bosh" or the "Company"), a premier plant-based brands in the in-health food sector, provides the following update summary:Recent Sales ActivityBeanfields Safeway Nor California Division was just launched this month at 250... Keep Reading...
Boosh Plant-Based Brands Completes Audit of Beanfields

Boosh Plant-Based Brands Completes Audit of Beanfields

Boosh Plant-Based Brands Inc. (CSE: VEGI) (OTCQB: VGGIF) (FSE: 77I) ("Boosh" or the "Company") a premier plant-based brands company in the in-health food sector, is excited to announce the filing of a business acquisition report ("BAR") on the Company's SEDAR profile (www.sedar.com) in relation... Keep Reading...

Latest Press Releases

Related News