Core Points - Planet Based Foods Global Inc. is clarifying information regarding its management information circular in preparation for the annual general meeting of shareholders scheduled for November 24, 2025 [1][3] - The Chief Financial Officer, Supreet Bhullar, was incorrectly listed as a nominee for election as a director; she is not nominated [2] - The correct nominees for election as directors include Kerem Akbas, David Eaton, Olha Yushchenko, Beata Jirava, Ceri Cukran, and William Blake Aaron [2][3] Company Overview - Planet Based Foods Global Inc. focuses on sustainable ingredients, plant-based solutions, and advancements in agricultural technology [4] - The company aims to empower food manufacturers, partners, and consumers to contribute to a cleaner, healthier, and more resilient global food system [4] - Planet Based Foods operates with integrity and purpose, aligning its products with evolving consumer values for a sustainable future [4]

Core Insights - Beyond Meat Inc. is experiencing significant market fluctuations, with recent performance indicating both challenges and opportunities for investors [1] Group 1: Company Performance - Beyond Meat reported a revenue decline of 30% year-over-year, totaling $82 million in the latest quarter [1] - The company has seen a reduction in gross margin, which fell to 25% compared to 35% in the previous year [1] - Despite the challenges, Beyond Meat is focusing on expanding its product offerings and partnerships to drive future growth [1] Group 2: Market Trends - The plant-based meat market is projected to grow at a compound annual growth rate (CAGR) of 11% over the next five years, indicating a potential recovery for companies like Beyond Meat [1] - Consumer demand for plant-based alternatives continues to rise, driven by health and sustainability trends [1] - Competitive pressures from both established food companies and new entrants are intensifying, impacting market share for Beyond Meat [1]

Corporate Developments - Planet Based Foods Global Inc. (PBFG) announces significant corporate developments as part of its growth strategy [1] - Kerem Akbas has been appointed as Chief Executive Officer, President, and Chair of the Board, succeeding Claire Skillen [2] - Akbas will not receive direct compensation until the company achieves positive cash flow, with compensation tied to profitability [3] - Andrew McLeod has been appointed as interim Corporate Secretary, succeeding Dawn Wattie [5] - Brittany Ray-Wilks has concluded her tenure as Chief Operating Officer as part of the organizational realignment [7] Leadership Background - Kerem Akbas is a Turkish-Canadian entrepreneur and tech investor with a strong background in finance and business development [4] - Akbas runs a family office focusing on strategic investments in technology and has a proven track record in building and managing businesses [4] - Andrew McLeod, the new interim Corporate Secretary, is the founder of PEAK Legal Counsel and has advised companies on corporate governance for over a decade [6] Subsidiary Establishment - PBFG has established a wholly owned subsidiary, PBFG Trade Pte. Ltd., in Singapore to support its international operations and partnerships [8] Company Overview - Planet Based Foods Global Inc. focuses on sustainable ingredients, plant-based solutions, and advancements in agricultural technology [9] - The company aims to empower food manufacturers and consumers to participate in a cleaner and more resilient global food system [9]

Group 1 - Stocks with negative EPS have significantly outperformed those with positive earnings recently, with unprofitable firms leading gains in broader indexes like the Russell 2000, where approximately 40% of companies reported zero or negative earnings [1][2] - The market is experiencing a unique condition where speculative fervor and optimism towards innovation and growth potential are prioritized over short-term profitability, reminiscent of late-cycle rallies during the dotcom bubble [2][4] - Retail investors are increasingly attracted to companies with negative EPS, particularly those recognized for their disruptive technologies, indicating a broad market enthusiasm for speculative growth over immediate profits [3][4] Group 2 - Plug Power, Inc. has reported negative earnings while investing heavily in infrastructure, with its shares gaining 300% over the past six months [4] - Oklo, Inc., a nuclear startup facing early operational losses, has seen its shares rise 600% since April, driven by the demand for power from the AI revolution [4] - Beyond Meat, Inc., known for its plant-based foods, has experienced a stock increase of over 170% in the last two days despite ongoing losses [4] - Rigetti Computing, Inc., a quantum computing company with no profits, has gained 425% in the past six months [4]

Core Viewpoint - Planet Based Foods Global Inc. has executed definitive debt settlement agreements to extinguish $800,000 of debt through the issuance of subordinate voting shares, thereby strengthening its financial position and focusing on growth initiatives [1][3]. Debt Settlement Agreements - The debt will be settled by issuing shares at a deemed price of $0.0525 per share, which is a 25% discount to the closing price on August 19, 2025 [2]. - A total of 15,238,094 shares will be issued, with 9,523,809 shares going to Coenda for $500,000 of debt and 5,714,285 shares to Baron for $300,000 of debt [2]. Financial Impact - The debt settlement is expected to improve the company's balance sheet significantly by eliminating $800,000 of debt without cash outflow, allowing the company to allocate resources towards growth and operational stability [3]. Related Party Transactions - The creditors involved are related parties, as their principal shareholders are directors of the company, making the debt settlement agreements "related party transactions" under applicable regulations [4]. - The Audit Committee recommended approval of the agreements, citing serious financial difficulty and reasonable terms [5]. Shareholding Changes - Post-settlement, Coenda's ownership will increase from approximately 49.15% to 54.86%, maintaining its status as a control person, while Baron will hold about 16.66% of the shares [6]. Company Overview - Planet Based Foods Global Inc. focuses on sustainable ingredients and plant-based solutions, aiming to contribute to a cleaner and more resilient global food system [7].

Core Viewpoint - Planet Based Foods Global Inc. is undergoing significant leadership and governance changes to enhance operational performance and rebuild investor confidence [1][2]. Leadership Changes - Supreet Sidhu has been appointed as the new Chief Financial Officer, succeeding Emrah Petorak, who is stepping down from the Board of Directors [2]. - Beata Jirava has been appointed as an independent director, contributing to the strengthening of the board [2]. Governance Reforms - The company has filed a petition with the Supreme Court of British Columbia to address the timing of its Annual General Meetings (AGMs) for the financial years ending December 31, 2023, and December 31, 2024 [3][4]. - The petition seeks court approval to host the 2023 and 2024 AGMs concurrently by December 31, 2025, and to retroactively deem the company compliant with AGM requirements once held [10]. Financial Context - The company faced historical financial constraints due to a decline in consumer interest in plant-based meats post-pandemic and an unsustainable cost structure [4]. - These challenges have been addressed through recapitalization, restructuring, and the introduction of a refreshed executive team [4]. Commitment to Governance - The steps taken by the company reflect its commitment to transparency, good governance, and sustainable value creation for all stakeholders [5]. Company Overview - Planet Based Foods Global Inc. focuses on sustainable ingredients and plant-based solutions, aiming to contribute to a cleaner and healthier global food system [6].