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Nabati Foods Global Inc
Symbol MEAL
Shares Issued 45,416,897
Close 2022-01-10 C$ 0.43
Recent Sedar Documents

Nabati Global agrees to $300,000 loan at 25% interest

2022-01-10 17:35 ET - News Release

Mr. Ahmad Yehya reports

NABATI GLOBAL FOODS ANNOUNCES LOAN AGREEMENT

Nabati Global Foods Inc. has entered into a secured loan agreement with an arm's-length third party lender for a principal amount of $300,000. The loan bears interest at the rate of 25 per cent per annum, which interest will be payable on the maturity date which is one year from the date of issuance. The proceeds from the loan will be used by the company for general working capital purposes.

About Nabati Foods Global Inc.

Nabati Foods Global is the owner of Nabati Foods Inc., a family-founded food technology company offering whole, natural, plant-based, gluten and soy-free foods for health-conscious consumers. Nabati Foods was founded in 2014 and has four signature product lines including dairy-free cheesecakes, cheese alternatives, plant-based meats and a plant-based liquid egg alternative. Nabati Foods products are distributed throughout Canada, the United States and internationally through e-commerce, grocery, food-service and industrial channels.

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