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Boosh Plant-Based Brands (CSE:VEGI) consolidates production

Consumer, Market News
CSE:VEGI
19 January 2023 08:30 (EDT)

Boosh (VEGI) has closed a small production facility in Penticton that it obtained through the acquisition of Pulse Kitchen last year.

Boosh is moving production of those lines to Plant Veda Inc. (CSE: MILK), a premier producer of plant-based milk and yogurt located in Delta, B.C.

CEO Connie Marples commented on the news.

“We are thrilled to be working with Plant Veda as our co-manufacturer. It was paramount that we found a company used to producing high-quality products and using similar ingredients. Amuse Boosh Cheeze and végé paté are made primarily of plants, nuts, and seeds, as are Plant Veda’s products. We know this move will improve our margins by approximately 5 per cent and help Boosh achieve its goal of becoming profitable this year.”

Mayur Sajnani, Co-Founder of Plant Veda, states, “We are really excited about this partnership with Boosh. By providing co-packing services at our SQF-certified facility-Plant Veda Innovation Centre, we are trying to build a platform for more and more plant-based food companies of different sizes to provide consumers with more plant-based choices available.”

Boosh Plant-Based Brands Inc operates as a plant-based ready-to-eat food company. It distributes and sells plant-based frozen meals to grocery outlets and independent grocery stores throughout Canada.

Boosh Plant-Based Brands (VEGI) opened trading at C$0.035.


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