Mr. Braelyn Davis reports

PLANET BASED FOODS PARTNERS WITH VARIOUS GROCERY OUTLETS AND ANNOUNCES ON PRIVATE PLACEMENT

Planet Based Foods Global Inc.'s original with cheese taquitos and southwest style taquitos will be found across various Lazy Acres Natural Market, New Leaf Community Markets and Lunardi's Markets store locations this month.

Lazy Acres, a subsidiary of Bristol Farms, is dedicated to promoting natural approaches to optimal health and wellness. Its extensive product range encompasses organic and seasonal produce, traditional items, functional supplements, and body care, all aimed at supporting the well-being of the mind, body and soul. The friendly, knowledgeable and enthusiastic team members at Lazy Acres are unwavering in their commitment to providing exceptional service and wellness tips while meeting the diverse needs of customers. Embracing the belief that collective actions contribute to a healthier planet, Lazy Acres is devoted to serving local communities as a marketplace for individuals who prioritize healthy living and eating -- a set of values that aligns seamlessly with the principles of Planet Based Foods. Planet Based Foods' original with cheese taquitos and southwest style taquitos will be found across 17 Lazy Acres locations starting this month.

New Leaf Community Markets is a grocery store chain primarily located in northern California. It is known for its commitment to natural and organic products, featuring a wide array of locally sourced and sustainably produced goods. New Leaf emphasizes healthy living and offers an extensive selection of organic produce, natural foods, supplements and ecofriendly household items. The stores often prioritize community involvement, supporting local farmers and hosting events focused on wellness and sustainability. New Leaf Community Markets strives to be a destination for those seeking organic and environmentally conscious products in their shopping experience. Planet Based Foods' original with cheese taquitos and southwest style taquitos will be found across five New Leaf locations starting this month.

Lunardi's Markets is a family-owned grocery store chain primarily located in northern California, specifically in the San Francisco Bay Area. It is known for its high-quality produce, fresh meats, bakery items, specialty foods and a wide selection of grocery items. Lunardi's Markets often emphasizes a commitment to offering fresh and locally sourced products, including a variety of gourmet and hard-to-find items. It aims to provide a premium shopping experience with a focus on quality and customer service. Planet Based Foods' original with cheese taquitos and southwest style taquitos will be found across eight Lunardi's locations starting this month.

"We're happy to be disrupters in the culinary landscape," said Braelyn Davis, chief executive officer and co-founder of Planet Based Foods. "I'm happy that Planet Based Foods can remain at the forefront of food technology with our hemp-formulated superfood products. Our goal was to get our products out to the masses, and with our strategic partnerships in place, we're achieving just that. The best of all, the feedback for our products has been fantastic."

Planet Based Foods announces $3-million non-brokered private placement

The company is pleased to announce a non-brokered private placement of subordinate voting shares at a price of 10 cents per share for gross aggregate proceeds of up to $3-million. All securities issued in connection with the offering will be subject to a hold period of four months plus one day from the date of closing of the offering.

The net proceeds of the offering will be used for general working capital and corporate purposes. The offering is subject to certain conditions, including, but not limited to, receipt of all necessary approvals, including the approval of the Canadian Securities Exchange.

Pursuant to CSE Policy 4, the company will not be required to seek securityholder approval for completion of the offering due to the company being in serious financial difficulty. No related parties will be participating in the offering. The company's independent directors have determined that: (a) the offering is in the best interests of the company and reasonable based on the company's current financial circumstances to keep the company solvent; and (b) a rights offering to existing securityholders on the same terms as the offering would not be feasible to complete.

Planet Based Foods announces loan agreement

The company has entered into a loan agreement for total proceeds of $200,000 with an arm's-length party on Dec. 1, 2023.

Pursuant to the loan agreement, the loan is secured against the assets of the company and will bear interest at a rate of 10 per cent per annum, payable by the company to the lender monthly until full repayment for a term of three months. Upon maturity of the loan, all outstanding principal and interests shall be payable on Feb. 28, 2024, unless extended in writing by mutual agreement of the lender and the company. The company may repay the loan in full at any time prior to the end of the term.

Planet Based Foods appoints Kevin Vines to the company's board of directors

Planet Based Foods is delighted to announce the appointment of Mr. Vines as an independent director. With a distinguished tenure as the chief executive officer of Pure Gold Exports spanning over 10 years, Mr. Vines is recognized as a prominent exporting specialist in the realm of produce from North America. His expertise extends to a diverse range of items, including avocados, berries, cherries and asparagus, with a primary focus on facilitating exports to Southeast Asia and the Middle East. Additionally, Mr. Vines has played a pivotal role as a consultant, providing invaluable insights into global produce exports, particularly in areas related to documentation and customer relations.

Braelyn Davis, the chief executive officer and co-founder of the company, expressed enthusiasm about Mr. Vines joining the board of directors, stating: "We are thrilled to welcome Mr. Kevin Vines to our board. We have full confidence that his wealth of experience will significantly contribute to the company's product development, particularly from the fresh food perspective."

About Planet Based Foods Global Inc.

The company, through its wholly owned subsidiary in San Diego, Calif., is a producer of sustainable plant-based food alternatives. Planet Based Foods was founded in 2018 in San Diego, Calif., with a mission to build a better food system by providing hemp-formulated superfood products to people today that support the planet tomorrow. All Planet Based Foods products are 100 per cent vegan. Planet Based Foods creates clean, non-genetically modified, nutrient-dense food built for the future: the first line of plant-based foods with sustainable hemp as the No. 1 ingredient. Founded by former nutrition coach and cannabis marketer Mr. Davis, food scientist and plant-based pioneer Robert Davis, and restaurant industry veteran Ted Cash, the company aims to establish hemp as a nutrient-dense protein source to feed the world sustainably for generations to come. Planet Based Foods' suite of products includes its new consumer line of nutritious frozen foods, plant-based food ingredients, and hand-held comfort foods for food service and restaurants.

We seek Safe Harbor.