Business
Plantify Foods Announces Issuance of Promissory Note
(TheNewswire) Vancouver, British Columbia – TheNewswire – February 5, 2024 - ...
About this update from Plantify Foods Inc
[{"type":"text","content":"Plantify Foods Announces Issuance of Promissory Note\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, British Columbia –\nTheNewswire – February 5, 2024 -\n \n \n Plantify\nFoods, Inc.\n \n \n (TSXV:PTFY)\n \n \n (\"\n \n \n Plantify\n \n \n Foods\n \n \n \" or the\n\"\n \n \n Company\n \n \n \"), a Clean Label food company dedicated to providing\nconsumers with nutritious and delicious food options, is pleased to\nannounce the issuance of an unsecured promissory note to YA II PN, Ltd\n(a Cayman Islands exempt limited partnership managed by Yorkville\nAdvisors Global),  an arm’s length creditor of the Company (the\n“Lender”) in the principal amount of US$400,000 (the “Note”).\nThe Note matures on February 2, 2025, and bears interest at an annual\nrate of 12% and payable on maturity.\n \n \n \n \n The issuance of the Note is not a related party\ntransaction pursuant to Multilateral Instrument 61-101 Protection of\nMinority Security Holders in Special Transactions.\n \n \n \n \n There is no undisclosed material information by the\nCompany and the Board of Directors of the Company has approved the\nissuance of the Note. The Company intends to utilize the Note to\nsupport its expansion efforts in new markets and for general and\nadministrative matters.\n \n \n \n \n About Plantify Foods\n \n \n \n \n Plantify Foods is committed to providing consumers with\nnutritious, Clean Label food options while pioneering innovation in\nthe food and beverage industry. The Company has a simple mission: to\nensure that everyone has access to high quality food alternatives that\nare clean and healthy, are nutritious and tasty, use whole natural\ningredients, and are easy to prepare.\n \n \n \n \n Plantify Foods, through its wholly owned Israeli\nsubsidiary, currently sells its diverse range of products in Israel,\nand is actively expanding its footprint across Europe and North\nAmerica. With its new manufacturing facility, the Company can increase\nproduction and continue to create new Clean Label food products to\nmeet the growing demand of health-conscious consumers from all walks\nof life.\n \n \n \n \n If you have any questions or need more information,\nfeel free to contact the Company directl...