Vancouver, British Columbia – (Newsfile Corp. – October 1, 2021) – Boosh Plant-Based Brands Inc. (CSE: VEGI) (OTCQB: VGGIF) (“To push“or the”Society”) wishes to make, at the request of OTC Market Groups Inc. (“OTC Markets”), the following statements regarding certain market activities surrounding the common shares of the Company.
On September 28, 2021, the Company was notified by OTC Markets of certain promotional activities relating to the Company’s common stock, including certain promotional emails from September 28, 2021 (the “Promotional Material” distributed by Wealth Resource Group and Global Wealth Portfolio The company had not seen the specific forms of promotional material prior to receiving copies from OTC Markets, but notes that the promotional material claims to have been prepared in accordance with an agreement between the company and Gold Standard Media LLC (“Gold Standard The Company has entered into an advertising agreement with Gold Standard dated May 27, 2021 and the CEO of the Company has received copy portions, some of which have been used in promotional material, to verify the accuracy of certain statements relating to the Company’s products and distribution.
Since the Company’s initial listing on the Canadian Stock Exchange in late May 2021, the Company has used Gold Standard as its marketing firm, as well as Edge Growth Holdings Corporation as its primary public and investor relations team. Separately, on May 28, 2021, the Company engaged AGORA Internet Relations Corp. to provide online advertising for the Company. The Company has also entered into agreements with BTV, North Equities Inc., Amherst Baer Consultancy Corporation, Proactive Investors North America Inc. AGORA and BTV are not investor relations companies and none of the entities listed above have been involved in promotional material.
After investigation, except as indicated above, the Company confirms that its officers, directors or controlling shareholders (i.e. shareholders holding 10% or more of the securities of the Company) have not directly or indirectly, authorized or been involved in any way in the creation or distribution of the promotional material.
The Company acknowledges that the distribution of the Promotional Material coincided with an above-average trading volume of the Company’s common shares, however, the Company has no knowledge or opinion as to whether the material itself affected the Company’s common stock. ‘commercial activity. Numerous other factors, including, but not limited to, recent Canadian touring activities and interviews with the CEO of the Company and recent press releases, could have had an impact on the volume of transactions. As of August 1, 2021, the Company announced the launch of its products on Whole Foods Markets in Canada, the completion of its studio kitchen and the appointment of Dave Richardson as Special Advisor, as well as eligibility for the DTC. The Company believes that such events and announcements may have been a factor in the increase in the trading volume of its common shares.
The Company acknowledges that statements made in the Promotional Material may be considered to have encouraged investors to purchase common shares of the Company on the open market. The company confirms that the promotional statements do not contain any factual inaccuracies or material non-public information, and the company has not reviewed specific promotional materials or has no editorial control over the content. Statements made in promotional material regarding the Company’s grocery store expansion objectives and the potential performance of the Company’s common shares are forward-looking and speculative in nature. As such, these forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied, including: ( i) the risks that the Company’s production of products may be affected by delays, including delays associated with the impact of the COVID-19 pandemic; (ii) that the Company may not raise enough money to finance its business plans; (iv) fluctuations in the prices of agricultural products; (v) political or economic instability and regulatory changes; (vi) currency fluctuations; (vii) the state of capital markets; and (viii) other risks and uncertainties identified under the heading “Risk Factors” in the Company’s continuous disclosure documents filed on the Electronic Document Analysis and Search System (“SEDAR”) at www.sedar.com.
The Company rejects any potentially exaggerated statements in the Promotional Materials, and readers of the materials should not place undue reliance on the Promotional Materials. The Company does not tolerate the use of sensational language to describe the Company’s business prospects or any statement made regarding the urgency of investing in the Company’s common stock, or any other similar statement. The Company further notes that investing in the securities of the Company involves certain risks and uncertainties which investors should consider before making any investment decision. The Company encourages all investors to rely on its continuous disclosure documents available on SEDAR.
At the request of management, directors, control persons and third party service providers to the knowledge of the Company, on the basis of documents filed with SEDI and other information available to the Company, at during the last 90 days, none of these persons has carried out buy or sell transactions in the securities of the Company, with the exception of the granting by the Chief Executive Officer of the Company of an option to ” purchase of 200,000 of its warrants from an advisor of the Company as an incentive to the advisor and grant to the CFO of the Company 12,500 options at prices ranging from $ 1.10 to 1.18 $ per share and to the Corporate Secretary of the Company 10,000 options at an exercise price of $ 1.10 per share.
Since its public offer in May 2021, and except following the exercise of warrants issued with exercise prices which were a premium to the market at the time of issue, the Company has only issued shares ‘at a price constituting a discount compared to the current market. at the time of issue being once a total of 28,409 common shares at a deemed price of $ 0.88 per share as partial consideration for the assets forming the business of Saltspring Harvest Ltd.
The Company’s listed common shares began trading on the OTCQB on August 16. SEO. Volumes have fluctuated depending on the state of the financial markets and the Company’s business activities. However, trading volumes on the OTCQB have increased recently, over the past seven days. The Company attributes the increase in transaction volumes to the activities.
On behalf of the board of directors
Chief Executive Officer
Telephone: (833) 882-6674
About Boosh Plant-Based Brands Inc .:
Boosh Plant-Based Brands Inc., through its wholly owned subsidiary, Boosh Food (www.booshfood.com), is the gateway to discovering high-quality, non-GMO, gluten-free and 100% plant-based nutritional comfort foods for the whole family. We currently offer six frozen meals which are sold across Canada, and now we are expanding our meals to include three refrigerated products. Boosh, good for you and good for planet Earth.
The information contained in this press 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 on assumptions subject to significant risks and uncertainties. As a result of these risks and uncertainties and due to various factors, actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward-looking statements. The forward-looking statements contained in this press release include, without limitation, the Company’s proposed use of the proceeds of its IPO. A number of factors could cause actual results to differ materially from these forward-looking statements as well as from future results. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee that the expectations of the 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 forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting these forecasts or other forward-looking statements.
Neither the Canadian Securities Exchange nor its regulatory 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.
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