00:06:27 EDT Mon 20 May 2024
Enter Symbol
or Name
USA
CA



Planting Hope Company Inc (The)
Symbol MYLK
Shares Issued 77,961,178
Close 2024-03-18 C$ 0.12
Market Cap C$ 9,355,341
Recent Sedar Documents

Planting Hope hires Independent Trading as market-maker

2024-03-19 10:57 ET - News Release

Mr. Julia Stamberger reports

PLANTING HOPE ENGAGES INDEPENDENT TRADING GROUP AS MARKET MAKER

The Planting Hope Company Inc., subject to regulatory approval, has engaged the services of Independent Trading Group (ITG) to provide market-making services in accordance with TSX Venture Exchange policies. ITG will trade the subordinate voting shares (SVS) of the company on the TSX-V and all other trading venues, with the objective of maintaining a reasonable market and improving the liquidity of the company's SVS.

Under the agreement, ITG will receive compensation of $7,500 per month, payable monthly in advance. The agreement is for an initial term of one month and will renew for additional one-month terms unless terminated. The agreement may be terminated by either party with 30 days of notice. There are no performance factors contained in the agreement and ITG will not receive security-based compensation of any kind as compensation in association with the engagement. ITG and the company are unrelated and unaffiliated entities, and, at the time of the agreement, neither ITG nor its principals have an interest, directly or indirectly, in the securities of the company.

Conversion of interest on outstanding convertible debentures

The company also announces that it proposes to convert accrued and unpaid interest due up to and including Dec. 31, 2023, on the company's outstanding convertible debentures in the amount of $368,060.90 into 3,407,184 shares at a price of 10.8 cents per share, in accordance with the terms of such convertible debentures. The proposed conversion of interest and issuance of shares thereunder remains subject to the approval of the TSX Venture Exchange.

About The Planting Hope Company Inc.

Planting Hope is reimagining and reinventing food today so that the planet can feed 10 billion people tomorrow. A food-tech-driven company at the forefront of sustainable consumer food and beverage evolution, Planting Hope transforms nutrient-dense, widely cultivated crops into innovative, nutrient-rich products that reimagine pantry staples in the largest, fastest-growing global food categories.

The company's award-winning breakthrough brands, including Hope and Sesame Sesamemilk, RightRice High-Protein Veggie Rice, and Mozaics Real Veggie Chips, are not only disrupting global markets but also significantly reducing environmental footprints. Available in grocery retailers across North America (Whole Foods Market, Publix), through food service operators (Cava Mediterranean restaurants), and e-commerce and alternative retail channels (Amazon, QVC), the company's products blend culinary innovation with advanced technology, offering breakthrough products with wide moats. The company's products are poised to disrupt global food and beverage categories, make a positive impact on the world, and provide investors with valuable opportunities in the growing sustainable food market.

This is the food that Generation Z is demanding and that Generation Alpha will grow up with: this is the future of food.

We seek Safe Harbor.

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