- Boosh Plant-Based Brands Inc.(VEGI) is paying a US$92,000 referral fee to an arm’s length third party and engages in consultant arrangement
- Boosh is a plant-based food company that sells plant-based frozen meals
- The amount is payable in cash and common shares
- Boosh has also engaged the third party to provide strategic, acquisition, and operational expertise
- The party will be signed on for a two-year term, receiving 25,000 shares each month
- Boosh Plant-Based Brands Inc.(VEGI) is up 1.08 per cent and is trading at $0.94 per share as of 12:30 p.m. EST
Boosh Plant-Based Brands (VEGI) is paying a US$92,000 referral fee related to the Beanfields transaction to an arm’s length third party.
Boosh is a plant-based food company that sells plant-based frozen meals to grocery outlets and independent grocery stores throughout Canada.
The amount is payable in cash and includes 564,000 common shares, each with a deemed price of $0.93 per share.
The referral fee shares will be subject to a standard four-month hold period ending on June 23, and applicable restrictions under U.S. securities laws.
Boosh has also engaged the third party to provide strategic, acquisition, and operational expertise as Boosh continues to expand.
The party will be signed on for a two-year term and receive compensation of US$5,000 in cash, and 25,000 shares per month during the term. This is provided that the share compensation will cease at the end of the first year of the term. All shares issuable as compensation will be issued quarterly in debts.
Last week, Boosh set out to acquire Beanfields to help boost its revenue to an estimated $14,500,000.
Boosh Plant-Based Brands Inc.(VEGI) is up 1.08 per cent and is trading at $0.94 per share as of 12:30 p.m. EST.