Business
Coho Collective Kitchens Inc. Announces Market Maker Agreement with Independent Trading Group and Investor Relations Agreement with Hybrid Financial
Vancouver, British Columbia--(Newsfile Corp. - June 28, 2023) - Coho Collective Kitchens Inc. (...
About this update from Purebread Brands Inc.
[{"type":"text","content":"Coho Collective Kitchens Inc. Announces Market Maker Agreement with Independent Trading Group and Investor Relations Agreement with Hybrid FinancialVancouver, British Columbia--(Newsfile Corp. - June 28, 2023) - Coho Collective Kitchens Inc. (TSXV: COHO) (\"Coho\" or the \"Company\"), a commercial real estate and food technology company that provides private and shared kitchen and food production space to a variety of businesses, is pleased to announce that it has entered into agreements with Independent Trading Group (ITG) Inc. (\"ITG\") and Hybrid Financial Ltd. (\"Hybrid\") to provide market making services and marketing services, respectively, to the Company.ITG, a proprietary trading and market making firm based in Toronto, Ontario, will work with Coho to provide liquidity and stability to the Company's traded securities. In exchange for ITG's services, the Company has agreed to pay a monthly fee of C$5,000 for an initial 3-month term.Hybrid, a sales and distribution company that connects issuers to the investment community across North America, will partner with the Company on its upcoming unit offering announced on June 15, 2023. Coho has agreed to pay Hybrid a one-time fee of C$30,000 for its services.As at the date hereof, none of ITG, Hybrid, or any employees of ITG or Hybrid have any direct or indirect interest in the Company or its securities. Subject to the policies of the TSX Venture Exchange and applicable securities laws, ITG and Hybrid may in the future acquire such interest or a right to acquire such interest. The investor relations agreement between the Company and ITG and between the Company and Hybrid are subject to the polices of the TSX Venture Exchange and applicable securities laws. Coho, ITG, Hybrid, and their respective employees are arm's length parties.About CohoCoho is a growth stage, community-driven, commercial real estate and food technology company that provides private and shared kitchen and production space to food companies from start-ups to restaurant groups seeking turnkey solutions and business services. Each of the Company's customers, called \"Members\", are revenue generating companies that have signed a membership agreement with Coho for an agreed upon term. The concept falls in line with a rapidly growing trend in the food-delivery industry creating a market for delivery-only and/or v...