Business
Coho Collective Kitchens Announces Extension of Outside Date to Acquire Purebread
Vancouver, British Columbia--(Newsfile Corp. - August 9, 2023) - Coho Collective Kitchens Inc. (T...
About this update from Purebread Brands Inc.
[{"type":"text","content":"Coho Collective Kitchens Announces Extension of Outside Date to Acquire PurebreadVancouver, British Columbia--(Newsfile Corp. - August 9, 2023) - Coho Collective Kitchens Inc. (TSXV: COHO) (\"Coho\" or the \"Company\") is pleased to announced that, further to the Company's announcements on May 29, 2023 and July 31, 2023, the Company and its counterparties have agreed to extend the outside date of the definitive purchase agreement dated May 28, 2023 with Twin Lakes Investments Inc., Paula Lamming, Mark Lamming, Jack Lamming, Purebread. Bakery Inc. (\"Purebread\"), and Coho Acquisition Corp. for the purchase of Purebread (the \"Acquisition\"), from August 9, 2023 to August 31, 2023. This extension aims to allow more time for necessary documentation, financing and closing procedures.According to Andrew Barnes, CEO, \"Purebread's business continues to strengthen, adding value to its customers and investors alike.\"Since the acquisition announcement, Purebread has successfully opened a new location at the Vancouver International Airport. Barnes' statement reflects his confidence in Purebread's ongoing growth and its positive impact on stakeholders.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. The combined efforts of Coho and Purebread strive to positively impact the communities in which it operates. Learn more about Coho's growth and innovations in the food economy at https://www.cohocollectivekitchens.com and https://www.purebread.ca.ContactsAndrew Barnes, Chief Executive [email protected](778) 877-6513Investor [email protected](604) 243-7355Forward-Looking InformationThis press release may contain \"forward-looking statements\" within the meaning of applicable Canadian securities laws, including, without limitation, the Company's ability to complete the Acquisition of Purebread; and expected value of Purebread's business, ongoing growth and impact on stakeholders.Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, a...