Boosh Revenues Surge over 4,500% On Acquisition of Beanfields
28 Februar 2022 - 3:40PM
InvestorsHub NewsWire
Boosh
Revenues Surge over 4,500% On Acquisition of
Beanfields
Vancouver, British Columbia -- 28th February 2022 -- InvestorsHub
NewsWire -- Boosh Plant-Based Brands Inc.
("Boosh" or the
"Company") (CSE:VEGI; OTCQB: VGGIF: Frankfurt: 77i) announced on Friday,
February 11th, 2022 that
it executed an asset purchase agreement to acquire substantially
all of the assets of Beanfields Inc. (the
"Assets").
Highlights of the award
winning Beanfields transaction include:
-
Boosh's revenues increase
to an estimated $14,500,000 (TTM)
-
Stores carrying Beanfields
and/or Boosh increased from 600 to 7,000 affording
Boosh with the potential of 7,000 more stores
-
Post-acquisition Boosh has
a conservative 27.1 million shares outstanding
-
Fourth and most significant
acquisition in past 12-months
-
Large North American
distribution platform
-
Significant growth
potential beyond existing client base (primarily natural and
organic grocery food chains)
-
Transaction provides
immediate substantial cost savings
Jim Pakulis, Boosh CEO
comments, "This is one of the most significant acquisitions of my
professional career, and I'll continue to be looking for additional
accretive candidates for Boosh."
As previously noted in our
February 11th press
release, Boosh is preforming an audit on Beanfields. In the
event that the Audited Statements demonstrate a variance of 20% of
greater of the representations made concerning the financial
condition of the Assets, Boosh may unwind the acquisition of the
Assets and cancel the Note and return to treasury the Payment
Shares, within 120 days of closing, which is currently expected to
occur on Wednesday, February 16th, 2022, subject to regulatory
approvals as well as other customary conditions of
closing.
On behalf of the Board of
Directors
Jim
Pakulis
Chief Executive Officer
jpakulis@booshfood.com
Telephone: (833)
882-6674
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. We
currently offer 24 plant-based SKU's ranging from frozen meals, to
refrigerated entrees to shelf stable Mac & Cheezes, and are
sold throughout Canada. 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 plans in respect of the Assets, the
potential revenues of the Assets and the Company's intention to
complete the acquisition of the Assets.. 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.
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