Business
Plantify Foods Reports Proposed Amendment of Convertible Debentures
(TheNewswire) Vancouver, British Columbia - TheNewswire - August 25, 2023 - Plantif...
About this update from Plantify Foods Inc
[{"type":"text","content":"Plantify Foods Reports Proposed Amendment of Convertible Debentures\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 \n \n Vancouver, British Columbia - TheNewswire - August 25, 2023\n-\n \n \n Plantify Foods, Inc.\n \n \n (TSXV:PTFY)\n \n \n (\"\n \n \n Plantify\nFoods\n \n \n \" or the \"\n \n \n Company\n \n \n \")\n \n \n , an innovative global food tech\ncompany focused on production and development of healthy, clean-label,\nplant-based packaged food products, reports that it intends to amend\nthe convertible debentures in the aggregate principal sum of $500,000\nmaturing on August 29, 2023 (the “\n \n \n Debentures\n \n \n ”).\nSubject to receipt of TSX Venture Exchange acceptance, the amended\nDebentures will mature on August 29, 2024 and will be convertible into\nunits of the Company (“\n \n \n Units\n \n \n ”) at a price of $0.04 per Unit. Each\nUnit will continue to consist of one common share of the Company\n(“\n \n \n Shares\n \n \n ”) and one common Share purchase warrant of the Company\n(“\n \n \n Warrant\n \n \n ”). Each Warrant will be exercisable at a price of $0.08\nper Share for a period of 24 months from the date of conversion of an\namended Debenture.\n \n \n \n \n About Plantify Foods, Inc.\n \n \n \n Plantify Foods, Inc., through its wholly owned\nIsraeli subsidiary, is active in the food tech sector, focused on the\ndevelopment and production of clean-label plant-based products.\nPlantify’s unique technology allows for the production of\nplant-based meat alternatives, dips, and snacks, with natural\ningredients familiar to consumers that are free of preservatives, free\nof common food allergens, are GMO-free and enjoy the same or longer\nshelf life than most preservative-containing products of the same\ncategory. Plantify is also engaged in developing functional foods with\nhealth benefits supported by independent testing that it anticipates\nwill enable it to make health claims under US Food and Drug\nAdministration and Canadian Food Inspection Agency regulations.\nPlantify currently sells its products in Israel, Europe and North\nAmerica.\n \n \n \n \n If you have any questions or need more information,\nfeel free to reach out to us at\n \n \n \n \n ir@plantif...