Business
Trident Brands Incorporated Announces Investor Commitment to Convert Debt to Equity
Trident Brands Incorporated Announces Investor Commitment to Convert Debt to Equity.
About this update from Trident Brands Inc
[{"type":"text","content":"\n BROOKFIELD, WI, Jan. 27, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Trident Brands, Inc (OTCQB: TDNT) announced today that Fengate Trident LP has agreed to convert a significant portion of the outstanding convertible debt it holds into equity, on or before the maturity date of the notes (subject to finalizing details around the share structure for the conversion). In addition, Fengate Trident LP has agreed to extend the maturity date of the remaining notes to December 1, 2021. Details of the agreement can be found in Trident’s 8-k filing January 23, 2020. Scott Chapman, President of Trident, stated, \"We are delighted that the LiUNA Pension Fund of Central and Eastern Canada, through Fengate Trident LP, have elected to become a long-term equity partner supporting Trident’s growth strategy. This commitment strengthens our financial position and capital structure and will allow the company to accelerate commercial development in the health & wellness segment, including Brain Armor® brand growth in the rapidly developing brain health market which is expected to reach $10.7 billion by 2025.” About Trident Brands, Inc. Trident Brands Incorporated is a publicly-traded nutraceutical company (OTCQB: TDNT), structured to rapidly develop private label, control label, brand label, and proprietary ingredient platforms in the dynamic active nutrition, dietary supplement, and functional ingredient categories. For more information, please visit www.tridentbrands.com. About Brain Armor® Brain Armor is on a mission to improve cognitive health, well-being, and performance at every stage of life and on every field of play. Our products are clinically-proven dietary supplements formulated with omega-3, healthy fats, and vital nutrients, designed to support structural brain health and performance. Brain Armor products are vegetarian, made in the USA and are a regular part of many professional and elite amateur athlete and team conditioning programs. Brain Armor Inc. is a subsidiary of Trident Brands Incorporated (OTCQB: TDNT -- tridentbrands.com). For more information on Brain Armor®, please visit www.brainarmor.com and www.thelivingbrainproject.com. Forward-Looking Statements This press release contains \"forward-looking statements\" within the meaning of the \"safe-harbor\" provisions of the Private S...