Business
Boosh Plant Based Brands Corporate Overview on Primary Asset, Beanfields
Vancouver, British Columbia--(Newsfile Corp. - February 22, 2023) - Boosh Plant-Based Brands Inc...
About this update from Boosh Plant-based Brands, Inc.
[{"type":"text","content":"Boosh Plant Based Brands Corporate Overview on Primary Asset, BeanfieldsVancouver, British Columbia--(Newsfile Corp. - February 22, 2023) - Boosh Plant-Based Brands Inc. (CSE: VEGI) (OTCQB: VGGIF) (FSE: 77I) (\"Boosh\" or the \"Company\") a premier plant-based brand in the \"better for you\" food sector, is pleased to present the following overview.The primary asset of Boosh Plant-Based Brands is Beanfields, a better for you chip company established in 2010, which, over the years grew to become an award-winning brand carried in approx. 7000 retail locations across North America with exports to Mexico, South America, and Australia.Beanfields ChipsTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/7944/155767_fig1bpbb.jpg.Pre-pandemic sales were $15M USD, however the previous owners focused on topline growth over profit. Boosh purchased the assets of the company from their lenders for $8M shares, $1M in operating capital and $400,000 loan.Since the initial purchase last February which completed in June 2022, Boosh has improving margins and increased profitability by lowering overhead, sourced alternate suppliers, streamlined logistics and rationalized SKUS (which essentially means focusing on top selling flavours only at this time).Boosh CEO Connie Marples states, \"Although the last year has been somewhat challenging in terms of cashflow and capital raise we are excited about the future of the company as we continue to receive purchase orders each month which, once fully capitalized, will see us back to pre pandemic numbers. Our sales and Business Development team stay in close contact with our distributors and key accounts as they desperately want more product to sell. As soon as we produce the chips, they sell through.\" The Boosh team just came back from KeHE Distributor trade show in Nashville where they filled Summer Promotional orders and picked up new retailers.Marples goes on to say, \"We are in a unique position in that even though we are considered a start up, our primary asset has 13 years of successful market penetration. In any consumer packaged goods company the hardest part of the journey is getting listed with retailers and selling through to consumers. We are already there and just need to keep increasing production.\"Some of the main retailers are Whole Foods, Sp...