Business
Coho Collective Kitchens Announces Extension of Outside Date for Acquisition of Purebread
Vancouver, British Columbia--(Newsfile Corp. - August 31, 2023) - Coho Collective Kitchens Inc. (...
About this update from Purebread Brands Inc.
[{"type":"text","content":"Coho Collective Kitchens Announces Extension of Outside Date for Acquisition of PurebreadVancouver, British Columbia--(Newsfile Corp. - August 31, 2023) - Coho Collective Kitchens Inc. (TSXV: COHO) (\"Coho\" or the \"Company\") is today providing an update on the acquisition of Purebread. Bakery Inc. (\"Purebread\") that was previously announced on May 29, 2023 (the \"Acquisition\"). Further to Coho's announcement on July 31, 2023, Purebread's existing owners (collectively, the \"Purebread Vendors\") and the Company have agreed to extend the outside date of the definitive purchase agreement executed in connection with the Acquisition (the \"Purchase Agreement\") from August 31, 2023 to September 19, 2023 (the \"Extension\"). The Extension will allow Coho and the Purebread Vendors to finalize remaining documentation and facilitate concurrent closings of the Acquisition and the previously announced equity financing, term credit facility, and revolving credit facility necessary to support the Acquisition. These transactions are further described in the Company's news releases dated May 29, 2023 and July 31, 2023. Other than the Extension, the Purchase Agreement is otherwise unamended as of the date hereof. About Coho Collective Kitchens Inc.Coho is a growing player in commercial real estate and food technology, operating fast casual restaurants and shared-kitchen facilities. As Canada's largest shared-kitchen company, Coho is expanding its presence and services. Through combined efforts, Coho and Purebread strive to positively impact the communities in which they operate.For more information, please visit cohocollectivekitchens.com.For more information: Andrew Barnes, Chief Executive OfficerCoho Collective [email protected](778) 877-6513NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.Cautionary Statements Regarding Forward-Looking InformationThis press release may contain \"forward-looking statements\" within the meaning of applicable Canadian securities laws, including, without limitation, our statements related to the closing of the Acquisition; the impact of the Acquisition on the Company's market presence, business and growth plans; and the expected ...