- Boosh (VEGI) has secured a $500,000 operating line of credit provided by Summit Bancorp Inc.
- Boosh has already drawn down $125,000 of the operating line, which it will use to fulfil sales orders
- Boosh Plant-Based Brands Inc operates as a plant-based ready-to-eat food company
- Boosh Plant-Based Brands Inc. (VEGI) opened trading at C$0.03
Boosh (VEGI) has secured a $500,000 operating line of credit provided by Summit Bancorp Inc.
Boosh has already drawn down $125,000 of the operating line, which it will use to fulfil sales orders.
Each drawdown is repayable in three years and bears interest at fifteen percent per annum. The line is fully open and can be repaid at any time without penalty.
“We are very excited to have secured this facility,” said Connie Marples, CEO. “The current equity raise along with this facility will allow us to accelerate order fulfillment. We plan on announcing additional details around this shortly.”
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 Inc. (VEGI) opened trading at C$0.03.