Core Viewpoint - Planet Based Foods Global Inc. has completed debt settlement transactions with Baron Global Financial Canada Ltd. and Coenda Investments Holding Corp., aimed at improving its financial position through the issuance of shares to settle outstanding debts [1][2][4]. Group 1: Debt Settlement Transactions - The company issued a total of 15,238,094 subordinated voting shares to settle a bona fide indebtedness of CAD 800,000, with the shares priced at CAD 0.0525 each, reflecting a 25% discount to the market price prior to the announcement [2]. - The shares issued are subject to a statutory hold period of four months and one day from the issuance date, in compliance with Canadian securities laws [3]. Group 2: Related Party Transactions - The creditors involved in the transactions are classified as "related parties," which qualifies the transactions as "related party transactions" under Multilateral Instrument 61-101 [4]. - The company utilized exemptions from formal valuation and minority shareholder approval requirements due to its serious financial difficulties, with the transactions structured to enhance its financial standing [4]. Group 3: 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 while aligning with evolving consumer values [5].

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. has entered into binding term sheets to settle $800,000 of debt through the issuance of subordinate voting shares, subject to compliance with Canadian Securities Exchange policies and finalization of debt settlement agreements [1][2]. Debt Settlement Details - The debt will be satisfied by issuing shares equal to the debt divided by the greater of $0.05 or 75% of the closing price of the company's shares on the trading day before the news release [2]. - The shares will be subject to a four-month hold period under Canadian securities laws [2]. Nature of Debt - The debt arose from Baron providing compliance and financial services and Coenda covering certain operating expenses and working capital advances for the company [3]. - The creditors are considered related parties under Multilateral Instrument 61-101, making the debt settlement agreements "related party transactions" [3]. Financial Exemptions - The company intends to rely on exemptions from formal valuation and minority approval due to serious financial difficulty, aiming to improve its financial position through the debt settlement agreements [4]. Material Change Report - A Material Change Report has been filed to avoid an event of default, which would occur if the debt is not repaid within five business days following a demand from the creditor [5]. 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 [6].

Core Insights - Planet Based Foods Global Inc. has announced a leadership transition with the appointment of Claire Skillen as Chief Executive Officer, President, and Director, effective immediately [1] - The leadership change is part of the company's renewed strategic direction aimed at enhancing its market strategy and product innovation [5] Leadership Profile - Claire Skillen brings over 15 years of leadership experience across health, natural resources, and technology sectors, with a strong track record in driving innovation and sustainable growth [2] - Skillen holds a Bachelor of Science in Physical Geography and Climatology, a Master of Business Administration, and a Master of Arts in Counseling Psychology, providing a unique blend of strategic business acumen and human systems insight [2] Strategic Focus - Under Skillen's leadership, the company aims to advance a revitalized market strategy, accelerate product innovation, and activate partnerships within the global plant-based ecosystem [5] - The company is focusing on commercialization, international expansion, and innovation in sustainable food systems [6] Vision and Commitment - Skillen emphasized the company's commitment to leading in sustainable, functional food solutions, bridging agriculture, technology, and nutrition [4] - The company is dedicated to environmental stewardship and aims to empower food manufacturers and consumers to participate in a more sustainable global food system [7]