20:10:17 EDT Tue 05 May 2026
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Boosh hires Lancaster & David for preaudit work

2026-05-05 17:13 ET - News Release

Ms. Connie Marples reports

BOOSH PLANT-BASED BRANDS PROVIDES CORPORATE UPDATE ON REGULATORY COMPLIANCE AND U.S. REVENUE MILESTONES

Boosh Plant-Based Brands Inc. has provided the following corporate update regarding its path to regulatory compliance and recent commercial developments in the United States.

Regulatory update and financial filings

The company is working actively to revoke the cease trade order (CTO) issued following the late filing of its 2023 financial statements. To expedite this process, Boosh has engaged the accounting firm Lancaster & David to perform comprehensive preaudit financial work.

Management intends to file outstanding financial statements for the fiscal years 2024, 2025 and 2026 concurrently. In addition to these filings, the company is diligently negotiating debt settlements and completing all necessary corporate governance requirements. The primary objective of the board and management remains the restoration of share trading on the Canadian Securities Exchange (CSE) as soon as regulatory requirements are met.

U.S. expansion and revenue milestones

The company's U.S. licensee, Tahoe Nutrition LLC, has officially commenced sales of Boosh Better for You snacks through a summer program integrated into the U.S. National Schools Healthy Food Initiative providing schools and community organizations with nutritious and ready-to-eat non-perishable meals.

The full lineup of Boosh snacks include: roasted corn nuggets in barbecue, cajun and ranch, roasted sunflower kernels in salted or honey, roasted chickpeas in salted or ranch, pita chips in salted or cheesy pizza, soft-bite cookies in apple cinnamon, cranberry vanilla and raspberry lemon, vanilla cinnamon granola, and honey cranberry trail mix.

The program, which runs from April 1 to Aug. 31, has so far processed $2.18-million (U.S.) in orders to date. Under the terms of the licensing agreement, Boosh receives a 5-per-cent royalty based on the cost of goods (COGS).

Boosh chief executive officer Connie Marples stated: "Our focus is twofold: restoring our standing with provincial regulators while also capitalizing on the significant volume offered by the U.S. institutional food sector. The initial traction of our snack line within the U.S. school system validates our brand's appeal in the better-for-you category. We are optimistic about this next chapter in our trajectory."

The company will provide further updates as it achieves key milestones regarding its financial audits and the revocation of the CTO.

About Boosh Plant-Based Brands Inc.

Boosh Plant-Based Brands, through its wholly owned subsidiary, Boosh Food, started its journey by offering high-quality, non-GMO (genetically modified organism) and gluten-free nutritional comfort foods. Today, the company has evolved into a specialist in the better-for-you snacking sector. Through its separate subsidiary, Beautiful Beanfields, the company owns Beanfields, a premier snack brand known for delivering a nutritious, allergen-friendly crunch. Previously sold in over 7,000 stores across North America, Beanfields remains a cornerstone of the company's strategy. Boosh is now focused on leading the shift toward healthier lifestyle choices by expanding its innovative better-for-you snack lines for health-conscious families.

We seek Safe Harbor.

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