The Planting Hope Key Executives
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The Planting Hope Earnings
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Next Earnings Date
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Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|
The Planting Hope Company, Inc. produces health-based foods and snacks in the United States and Canada. It develops, launches, and scales nutritious consumer packaged foods and beverages. The company provides sesamemilk under the Hope & Sesame name; veggie chips under the Mozaics name; and nutritious plant-based snack products under the Veggicopia name. It sells its products through wholesale distributors, direct-to-business, direct-to-consumer, and retail channels. The company was formerly known as Campio Capital Corp. and changed its name to The Planting Hope Company, Inc. in May 2021. The Planting Hope Company, Inc. was incorporated in 2020 and is headquartered in Chicago, Illinois.
$0.02
Stock Price
$1.24M
Market Cap
-
Employees
Chicago, IL
Location
Financial Statements
Access annual & quarterly financial statements for The Planting Hope, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|
| Revenue | $8.98M | $2.32M | $985.38K |
| Cost of Revenue | $6.72M | $1.26M | $968.52K |
| Gross Profit | $2.26M | $1.06M | $16.86K |
| Gross Profit Ratio | 25.22% | 45.80% | 1.71% |
| Research and Development Expenses | $- | $- | $- |
| General and Administrative Expenses | $9.26M | $6.97M | $2.29M |
| Selling and Marketing Expenses | $3.71M | $2.39M | $502.23K |
| Selling General and Administrative Expenses | $12.97M | $9.37M | $2.79M |
| Other Expenses | $- | $402.64K | $- |
| Operating Expenses | $12.97M | $9.19M | $2.33M |
| Cost and Expenses | $19.69M | $10.45M | $3.30M |
| Interest Income | $6.10K | $- | $211.68K |
| Interest Expense | $1.52M | $555.31K | $- |
| Depreciation and Amortization | $684.21K | $32.00K | $15.29K |
| EBITDA | $-5.37M | $-16.86M | $-2.76M |
| EBITDA Ratio | -59.85% | -331.45% | -279.73% |
| Operating Income | $-10.94M | $-7.73M | $-2.77M |
| Operating Income Ratio | -121.83% | -332.84% | -281.28% |
| Total Other Income Expenses Net | $3.15M | $-9.47M | $241.98K |
| Income Before Tax | $-7.79M | $-17.60M | $-2.53M |
| Income Before Tax Ratio | -86.80% | -758.22% | -256.73% |
| Income Tax Expense | $10.79K | $957.95K | $- |
| Net Income | $-7.81M | $-17.60M | $-2.53M |
| Net Income Ratio | -86.92% | -758.22% | -256.73% |
| EPS | $-0.08 | $-0.21 | $0.00 |
| EPS Diluted | $-0.08 | $-0.21 | $0.00 |
| Weighted Average Shares Outstanding | 92.82M | 82.30M | - |
| Weighted Average Shares Outstanding Diluted | 92.82M | 82.30M | - |
| SEC Filing | Source | Source | Source |
| Breakdown | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.59M | $1.60M | $2.44M | $1.82M | $2.68M | $2.48M | $2.00M | $254.66K | $649.53K | $819.38K | $597.69K | $44.24K | $155.94K |
| Cost of Revenue | $1.16M | $1.52M | $1.83M | $1.79M | $2.34M | $1.56M | $1.22M | $164.99K | $436.19K | $417.81K | $238.35K | $67.97K | $45.89K |
| Gross Profit | $430.88K | $81.55K | $607.17K | $25.28K | $343.54K | $924.75K | $778.94K | $89.67K | $213.34K | $401.56K | $359.35K | $-23.73K | $110.06K |
| Gross Profit Ratio | 27.07% | 5.10% | 24.90% | 1.40% | 12.80% | 37.30% | 38.90% | 35.20% | 32.80% | 49.00% | 60.10% | -53.64% | 70.57% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $1.84M | $1.88M | $1.68M | $1.96M | $1.80M | $1.61M | $2.40M | $4.66M | $3.76M | $622.41K | $407.05K | $507.61K | $122.86K |
| Selling and Marketing Expenses | $786.52K | $715.08K | $1.06M | $1.25M | $1.41M | $1.56M | $984.62K | $491.43K | $680.85K | $690.27K | $431.13K | $197.97K | $106.65K |
| Selling General and Administrative Expenses | $2.63M | $2.60M | $2.74M | $3.22M | $3.21M | $3.17M | $3.39M | $5.16M | $2.06M | $1.31M | $838.18K | $619.35K | $517.32K |
| Other Expenses | $- | $-2.60M | $- | $- | $- | $- | $- | $305.64K | $43.99K | $52.09K | $740 | $- | $- |
| Operating Expenses | $2.63M | $2.84M | $2.74M | $3.22M | $3.38M | $3.34M | $3.54M | $5.19M | $1.92M | $1.31M | $767.88K | $461.31K | $516.50K |
| Cost and Expenses | $3.92M | $4.36M | $4.57M | $5.01M | $5.72M | $4.89M | $4.76M | $5.35M | $2.36M | $1.73M | $1.01M | $529.29K | $562.39K |
| Interest Income | $- | $- | $- | $4.15K | $- | $1.72K | $328 | $- | $- | $- | $- | $64.91K | $40.68K |
| Interest Expense | $332.19K | $330.46K | $178.86K | $297.15K | $450.38K | $385.54K | $356.72K | $251.41K | $198.55K | $63.73K | $57.55K | $- | $- |
| Depreciation and Amortization | $183.51K | $184.69K | $180.50K | $192.83K | $164.09K | $167.73K | $150.48K | $26.01K | $6.15K | $2.15K | $2.10K | $3.82K | $26.18K |
| EBITDA | $-2.20M | $-1.73M | $-1.98M | $-2.72M | $-4.12M | $1.69M | $-219.41K | $-11.52M | $-4.32M | $-859.03K | $-405.69K | $-639.26K | $-381.09K |
| EBITDA Ratio | -137.95% | 100.00% | -79.98% | -164.88% | -106.64% | -90.37% | -130.45% | -1871.79% | -255.97% | -104.84% | -67.88% | -1444.91% | -244.38% |
| Operating Income | $-2.38M | $1.60M | $-2.13M | $-3.19M | $-3.04M | $-2.41M | $-2.76M | $-4.79M | $-1.66M | $-861.18K | $-407.79K | $-643.08K | $-407.27K |
| Operating Income Ratio | -149.67% | 100.00% | -87.38% | -175.49% | -113.12% | -97.19% | -137.88% | -1882.04% | -256.26% | -105.10% | -68.23% | -1453.55% | -261.17% |
| Total Other Income Expenses Net | $-329.12K | $- | $-326.31K | $-51.27K | $-1.95M | $3.39M | $1.89M | $-6.84M | $-3.48M | $-11.64K | $-56.81K | $93.12K | $-39.86K |
| Income Before Tax | $-2.71M | $-2.24M | $-2.46M | $-3.24M | $-4.99M | $1.15M | $-721.80K | $-11.68M | $-4.55M | $-924.91K | $-465.35K | $-549.96K | $-447.12K |
| Income Before Tax Ratio | -170.35% | -140.29% | -100.76% | -178.31% | -185.75% | 46.33% | -36.08% | -4584.86% | -700.58% | -112.88% | -77.86% | -1243.07% | -286.72% |
| Income Tax Expense | $- | $4.19M | $3 | $1.46K | $9.33K | $385.54K | $356.72K | $557.05K | $242.55K | $115.83K | $58.30K | $- | $- |
| Net Income | $-2.71M | $-2.24M | $-2.46M | $-3.24M | $-5.00M | $1.15M | $-721.80K | $-11.68M | $-4.55M | $-924.91K | $-465.35K | $-549.96K | $-447.12K |
| Net Income Ratio | -170.35% | -140.29% | -100.76% | -178.39% | -186.10% | 46.33% | -36.08% | -4584.86% | -700.58% | -112.88% | -77.86% | -1243.07% | -286.72% |
| EPS | $-0.02 | $-0.02 | $-0.02 | $-0.03 | $-0.05 | $0.01 | $-0.01 | $-0.14 | $-0.06 | $-0.01 | $-0.01 | $-0.01 | $-0.01 |
| EPS Diluted | $-0.02 | $-0.02 | $-0.02 | $-0.03 | $-0.05 | $0.01 | $-0.01 | $-0.14 | $-0.06 | $-0.01 | $-0.01 | $-0.01 | $-0.01 |
| Weighted Average Shares Outstanding | 114.97M | 113.81M | 111.97M | 107.92M | 92.57M | 109.51M | 82.74M | 82.30M | 77.35M | 77.35M | 77.35M | 77.35M | 77.35M |
| Weighted Average Shares Outstanding Diluted | 114.97M | 113.81M | 111.97M | 107.92M | 92.57M | 109.51M | 82.74M | 82.30M | 77.35M | 77.35M | 77.35M | 77.35M | 77.35M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|
| Cash and Cash Equivalents | $236.53K | $5.81M | $28.79K |
| Short Term Investments | $- | $- | $- |
| Cash and Short Term Investments | $236.53K | $5.81M | $28.79K |
| Net Receivables | $1.00M | $246.36K | $31.46K |
| Inventory | $2.60M | $696.81K | $512.10K |
| Other Current Assets | $229.96K | $84.55K | $17.15K |
| Total Current Assets | $4.07M | $6.97M | $589.50K |
| Property Plant Equipment Net | $549.88K | $621.83K | $12.04K |
| Goodwill | $2.24M | $- | $- |
| Intangible Assets | $2.97M | $- | $- |
| Goodwill and Intangible Assets | $5.22M | $- | $- |
| Long Term Investments | $- | $- | $- |
| Tax Assets | $- | $- | $- |
| Other Non-Current Assets | $- | $- | $- |
| Total Non-Current Assets | $5.77M | $621.83K | $12.04K |
| Other Assets | $- | $- | $- |
| Total Assets | $9.84M | $7.59M | $601.54K |
| Account Payables | $4.07M | $1.30M | $1.15M |
| Short Term Debt | $3.15M | $2.94M | $1.87M |
| Tax Payables | $- | $- | $- |
| Deferred Revenue | $- | $59.92K | $- |
| Other Current Liabilities | $35.95K | $7.09M | $696.62K |
| Total Current Liabilities | $7.26M | $11.38M | $3.72M |
| Long Term Debt | $944.71K | $496.37K | $15.52K |
| Deferred Revenue Non-Current | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- |
| Other Non-Current Liabilities | $- | $- | $- |
| Total Non-Current Liabilities | $944.71K | $496.37K | $15.52K |
| Other Liabilities | $- | $- | $- |
| Total Liabilities | $8.20M | $11.88M | $3.73M |
| Preferred Stock | $- | $- | $- |
| Common Stock | $34.29M | $22.64M | $9.02M |
| Retained Earnings | $-37.56M | $-29.75M | $-12.15M |
| Accumulated Other Comprehensive Income Loss | $162.12K | $-8.87K | $- |
| Other Total Stockholders Equity | $4.74M | $2.84M | $- |
| Total Stockholders Equity | $1.64M | $-4.29M | $-3.13M |
| Total Equity | $1.64M | $-4.29M | $-3.13M |
| Total Liabilities and Stockholders Equity | $9.84M | $7.59M | $601.54K |
| Minority Interest | $- | $- | $- |
| Total Liabilities and Total Equity | $9.84M | $7.59M | $601.54K |
| Total Investments | $108 | $- | $- |
| Total Debt | $4.10M | $3.39M | $1.89M |
| Net Debt | $3.86M | $-2.42M | $1.86M |
Balance Sheet Charts
| Breakdown | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $154.78K | $505.84K | $898.32K | $236.42K | $415.56K | $939.48K | $3.13M | $5.81M | $906.38K | $947.11K | $-28.79K | $28.79K |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $57.59K | $- |
| Cash and Short Term Investments | $154.78K | $505.84K | $898.32K | $236.42K | $415.56K | $939.48K | $3.13M | $5.81M | $906.38K | $947.11K | $28.79K | $28.79K |
| Net Receivables | $664.90K | $843.26K | $1.23M | $1.13M | $1.58M | $1.70M | $1.93M | $246.36K | $69.77K | $- | $- | $31.46K |
| Inventory | $1.39M | $1.94M | $2.29M | $2.60M | $2.89M | $2.45M | $1.98M | $696.81K | $355.92K | $- | $- | $512.10K |
| Other Current Assets | $421.90K | $550.36K | $455.91K | $105.06K | $348.12K | $419.82K | $205.35K | $84.55K | $413.65K | $2.41M | $- | $17.15K |
| Total Current Assets | $2.63M | $3.84M | $4.65M | $4.07M | $5.34M | $5.74M | $7.41M | $6.97M | $1.75M | $3.35M | $28.79K | $589.50K |
| Property Plant Equipment Net | $429.77K | $469.42K | $508.51K | $549.62K | $561.33K | $555.31K | $590.72K | $621.83K | $22.45K | $- | $- | $12.04K |
| Goodwill | $2.24M | $2.24M | $2.24M | $2.24M | $2.07M | $2.07M | $1.76M | $- | $- | $- | $- | $- |
| Intangible Assets | $2.56M | $2.70M | $2.84M | $2.97M | $3.30M | $3.43M | $3.57M | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $4.80M | $4.94M | $5.08M | $5.22M | $5.37M | $5.51M | $5.32M | $- | $- | $- | $- | $- |
| Long Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $- | $-8.60K | $3.39K | $-2.37K | $- | $- | $- | $- | $- | $- | $-28.79K | $- |
| Total Non-Current Assets | $5.23M | $5.40M | $5.59M | $5.76M | $5.93M | $6.06M | $5.91M | $621.83K | $22.45K | $- | $-28.79K | $12.04K |
| Other Assets | $- | $- | $1 | $1 | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $7.86M | $9.24M | $10.24M | $9.84M | $11.27M | $11.80M | $13.32M | $7.59M | $1.77M | $3.35M | $- | $601.54K |
| Account Payables | $5.19M | $5.12M | $4.20M | $4.07M | $4.48M | $2.67M | $3.27M | $1.30M | $878.68K | $5.25K | $- | $1.15M |
| Short Term Debt | $2.10M | $1.80M | $2.81M | $3.16M | $6.31M | $5.83M | $4.15M | $2.94M | $2.95M | $1.91M | $- | $1.87M |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $1 | $1 | $1 | $5.95K | $5.95K | $49.92K | $59.92K | $59.92K | $- | $- | $- |
| Other Current Liabilities | $58.00K | $75.57K | $44.90K | $30.00K | $2.53M | $934.26K | $4.69M | $7.09M | $1.75M | $1.39M | $- | $696.62K |
| Total Current Liabilities | $7.35M | $6.98M | $7.06M | $7.25M | $13.19M | $9.33M | $12.16M | $11.38M | $5.58M | $3.31M | $- | $3.72M |
| Long Term Debt | $4.34M | $3.99M | $3.38M | $944.71K | $420.63K | $446.36K | $471.49K | $496.37K | $17.73K | $- | $- | $15.52K |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $- | $- | $2.25K | $- | $- | $- | $- | $- | $1 | $- | $- | $- |
| Total Non-Current Liabilities | $4.34M | $3.99M | $3.38M | $944.28K | $420.63K | $446.36K | $471.49K | $496.37K | $17.73K | $- | $- | $15.52K |
| Other Liabilities | $- | $1 | $1 | $1 | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $11.69M | $10.97M | $10.43M | $8.20M | $13.61M | $9.78M | $12.63M | $11.88M | $5.60M | $3.31M | $- | $3.73M |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $35.51M | $35.06M | $34.33M | $34.29M | $28.27M | $28.14M | $28.14M | $22.64M | $11.75M | $133.99K | $- | $9.02M |
| Retained Earnings | $-44.95M | $-42.16M | $-40.04M | $-37.54M | $-34.32M | $-29.33M | $-30.48M | $-29.75M | $-18.08M | $-88.07K | $- | $-12.15M |
| Accumulated Other Comprehensive Income Loss | $156.46K | $4.22M | $4.58M | $4.14M | $313.29K | $132.66K | $26.64K | $-8.87K | $2.19K | $0 | $-3.13M | $- |
| Other Total Stockholders Equity | $5.45M | $1.22M | $965.82K | $751.08K | $3.41M | $263.27K | $186.94K | $2.84M | $2.50M | $-0 | $- | $- |
| Total Stockholders Equity | $-3.82M | $-1.74M | $-188.87K | $1.64M | $-2.33M | $2.02M | $692.99K | $-4.29M | $-3.83M | $45.91K | $-3.13M | $-3.13M |
| Total Equity | $-3.82M | $-1.74M | $-188.87K | $1.64M | $-2.33M | $2.02M | $692.99K | $-4.29M | $-3.83M | $45.91K | $-3.13M | $-3.13M |
| Total Liabilities and Stockholders Equity | $7.86M | $9.24M | $10.24M | $9.84M | $11.27M | $11.80M | $13.32M | $7.59M | $1.77M | $3.35M | $-3.13M | $601.54K |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $7.86M | $9.24M | $10.24M | $9.84M | $11.27M | $11.80M | $13.32M | $7.59M | $1.77M | $3.35M | $-3.13M | $601.54K |
| Total Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $57.59K | $- |
| Total Debt | $6.44M | $5.70M | $6.14M | $4.04M | $6.73M | $6.28M | $4.62M | $3.39M | $2.97M | $1.91M | $- | $1.89M |
| Net Debt | $6.29M | $5.20M | $5.24M | $3.81M | $6.32M | $5.34M | $1.49M | $-2.42M | $2.06M | $960.54K | $28.79K | $1.86M |
Annual Cash Flow
| Breakdown | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|
| Net Income | $-7.81M | $-17.60M | $-2.53M |
| Depreciation and Amortization | $684.21K | $32.29K | $84.50K |
| Deferred Income Tax | $- | $5.66M | $- |
| Stock Based Compensation | $730.50K | $2.61M | $- |
| Change in Working Capital | $1.25M | $-450.96K | $163.72K |
| Accounts Receivables | $441.60K | $-79.98K | $-31.27K |
| Inventory | $-561.47K | $-241.87K | $258.63K |
| Accounts Payables | $1.24M | $145.85K | $- |
| Other Working Capital | $137.77K | $-274.96K | $-63.64K |
| Other Non Cash Items | $-3.37M | $3.60M | $38.47K |
| Net Cash Provided by Operating Activities | $-8.51M | $-6.16M | $-2.24M |
| Investments in Property Plant and Equipment | $-75.67K | $-58.29K | $- |
| Acquisitions Net | $-4.00M | $887.43K | $- |
| Purchases of Investments | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- |
| Other Investing Activities | $- | $- | $- |
| Net Cash Used for Investing Activities | $-4.08M | $829.14K | $- |
| Debt Repayment | $1.11M | $3.15M | $333.90K |
| Common Stock Issued | $6.24M | $8.02M | $- |
| Common Stock Repurchased | $- | $- | $- |
| Dividends Paid | $- | $- | $- |
| Other Financing Activities | $-266.75K | $-14.04K | $1.60M |
| Net Cash Used Provided by Financing Activities | $7.08M | $11.15M | $1.93M |
| Effect of Forex Changes on Cash | $-71.34K | $-43.28K | $- |
| Net Change in Cash | $-5.57M | $5.78M | $-313.57K |
| Cash at End of Period | $236.53K | $5.81M | $28.79K |
| Cash at Beginning of Period | $5.81M | $28.79K | $342.36K |
| Operating Cash Flow | $-8.51M | $-6.16M | $-2.24M |
| Capital Expenditure | $-75.67K | $-58.29K | $- |
| Free Cash Flow | $-8.59M | $-6.21M | $-2.24M |
Cash Flow Charts
| Breakdown | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-2.68M | $-2.24M | $-2.46M | $-3.24M | $-5.00M | $1.15M | $-721.80K | $-11.68M | $-4.53M | $-924.91K | $-465.35K | $-549.96K | $-447.12K |
| Depreciation and Amortization | $181.18K | $184.69K | $180.50K | $192.83K | $173.86K | $169.17K | $148.65K | $26.10K | $1.93K | $2.15K | $2.10K | $5.96K | $- |
| Deferred Income Tax | $437.94K | $1.13M | $-326.23K | $-30.30K | $1.66M | $-3.87M | $-2.46M | $- | $- | $- | $- | $- | $- |
| Stock Based Compensation | $175.63K | $205.34K | $187.83K | $90.00K | $398.15K | $76.33K | $166.02K | $250.51K | $2.36M | $- | $- | $- | $- |
| Change in Working Capital | $1.13M | $1.37M | $224.68K | $660.48K | $1.67M | $-1.30M | $251.14K | $-16.77K | $66.40K | $-341.53K | $-159.06K | $-116.37K | $- |
| Accounts Receivables | $183.55K | $377.83K | $-227.97K | $554.38K | $152.10K | $324.36K | $-595.62K | $91.41K | $-27.23K | $-33.98K | $-110.18K | $-32.98K | $- |
| Inventory | $820.59K | $358.45K | $310.95K | $259.73K | $-440.13K | $-462.45K | $34.94K | $-340.89K | $-2.82K | $18.00K | $83.84K | $-46.13K | $- |
| Accounts Payables | $- | $963.95K | $139.62K | $-368.75K | $1.70M | $-923.41K | $811.89K | $168.14K | $- | $- | $- | $- | $- |
| Other Working Capital | $129.42K | $-328.87K | $2.08K | $215.12K | $263.66K | $-235.46K | $811.82K | $232.71K | $96.45K | $-325.55K | $-132.72K | $-37.26K | $- |
| Other Non Cash Items | $748.16K | $-1.83M | $437.91K | $52.30K | $450.38K | $383.82K | $387.21K | $9.20M | $2.67M | $11.64K | $-15.59K | $263.13K | $447.12K |
| Net Cash Provided by Operating Activities | $-972 | $-1.19M | $-1.75M | $-2.28M | $-636.27K | $-3.39M | $-2.23M | $-2.47M | $-1.80M | $-1.25M | $-637.89K | $-397.24K | $- |
| Investments in Property Plant and Equipment | $-2 | $-5.32K | $-1.20K | $-24.88K | $-44.65K | $-23 | $-5.84K | $-41.68K | $-11.01K | $-5.60K | $- | $- | $- |
| Acquisitions Net | $- | $- | $- | $-55.60K | $-32.51K | $-15.98K | $-4.00M | $879.63K | $887.43K | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $- | $- | $- | $-1 | $32.51K | $0 | $- | $1.14M | $-254.34K | $- | $- | $- | $- |
| Net Cash Used for Investing Activities | $-2 | $-5.32K | $-1.20K | $-80.48K | $-44.65K | $-16.00K | $-4.01M | $1.10M | $-265.35K | $-5.60K | $- | $- | $- |
| Debt Repayment | $199.53K | $493.11K | $2.82M | $1.41M | $357.62K | $1.38M | $-36.38K | $-1.38M | $861.63K | $1.78M | $1.16M | $- | $- |
| Common Stock Issued | $-12.36K | $328.92K | $- | $682.28K | $58.48K | $21.97K | $5.50M | $7.95M | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $-373 | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $245.34K | $234.81K | $-406.88K | $-10.65K | $-105.66K | $-80.51K | $-2.06M | $8.71M | $-10.12K | $44.51K | $-25.06K | $291.71K | $- |
| Net Cash Used Provided by Financing Activities | $432.51K | $727.92K | $2.41M | $2.08M | $310.45K | $1.30M | $3.41M | $6.57M | $1.62M | $1.83M | $1.14M | $291.71K | $- |
| Effect of Forex Changes on Cash | $189.72K | $69.01K | $1.69K | $30.14K | $-153.45K | $-98.34K | $150.31K | $-41.83K | $-1.45K | $- | $- | $- | $- |
| Net Change in Cash | $-351.94K | $-392.48K | $661.90K | $-176.18K | $-523.92K | $-2.19M | $-2.68M | $4.90M | $-187.99K | $567.98K | $497.60K | $-105.53K | $- |
| Cash at End of Period | $155 | $505.84K | $898.32K | $236.42K | $415.56K | $939.48K | $3.13M | $5.81M | $906.38K | $1.09M | $526.39K | $28.79K | $- |
| Cash at Beginning of Period | $506.72K | $898.32K | $236.42K | $412.60K | $939.48K | $3.13M | $5.81M | $906.38K | $1.09M | $526.39K | $28.79K | $134.32K | $- |
| Operating Cash Flow | $-972 | $-1.19M | $-1.75M | $-2.28M | $-636.27K | $-3.39M | $-2.23M | $-2.47M | $-1.80M | $-1.25M | $-637.89K | $-397.24K | $- |
| Capital Expenditure | $-2 | $-5.32K | $-1.20K | $-24.88K | $-44.65K | $-23 | $-5.84K | $-41.68K | $-11.01K | $-5.60K | $- | $- | $- |
| Free Cash Flow | $-974 | $-1.20M | $-1.75M | $-2.30M | $-680.92K | $-3.39M | $-2.24M | $-2.51M | $-1.81M | $-1.26M | $-637.89K | $-397.24K | $- |
The Planting Hope Dividends
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The Planting Hope News
Read the latest news about The Planting Hope, including recent articles, headlines, and updates.
Planting Hope (MYLK) Announces Receipt of Management Cease Trade Order (MTCO)
CHICAGO, IL and VANCOUVER, BC / ACCESSWIRE / May 2, 2024 / The Planting Hope Company Inc. (TSXV:MYLK)(OTCQB:MYLKF)(FRA:J94) ("Planting Hope " or the "Company") is pleased to announce that, further to its news release dated April 26, 2024, the British Columbia Securities Commission, as principal regulator, has granted the Company a management cease trade order ("MCTO") in respect of its delay in filing its audited annual financial statements, management's discussion and analysis, and related certifications, all for the year ended December 31, 2023 (collectively, the "Annual Filings"). The MCTO prohibits the Chief Executive Officer and Chief Financial Officer of the Company from trading in the securities of the Company for so long as the Annual filings are not filed.
Planting Hope (MYLK) Announces Debt Reorganization and Update to Private Placement
Not for distribution to U.S. news wire services or dissemination in the United States. CHICAGO, IL and VANCOUVER, BC / ACCESSWIRE / April 26, 2024 / The Planting Hope Company Inc. (TSXV:MYLK)(OTCQB:MYLKF)(FRA:J94) ("Planting Hope " or the "Company") is pleased to announce that it is proposing the reorganization and settlement (the "Settlement") of convertible debentures held by arm's length parties to the Company with an aggregate principal amount of up to approximately C$7,102,460 (approximately C$7,351,760.11 inclusive of interest outstanding thereon up to April 30, 2024 assuming the Settlement occurs on such date) outstanding in the capital of the Company (the "Debentures") to holders of such Debentures ("Debentureholders").
The Planting Hope Company Inc. Announces Application for Voluntary MCTO
CHICAGO, IL and VANCOUVER, BC / ACCESSWIRE / April 26, 2024 / The Planting Hope Company Inc. (TSXV:MYLK)(OTCQB:MYLKF)(FRA:J94) ("Planting Hope " or the "Company") announces that it has proactively applied for a voluntary management cease trade order (the "MCTO") with the British Columbia Securities Commission, which will cause delays to the filing of the Company's annual financial statements and accompanying management's discussion and analysis for the fiscal year ended December 31, 2023 (the "Required Filings"). Reasons for the anticipated delay include delays in finding and hiring a new Chief Financial Officer of the Company, as well as delays resulting from the newly appointed Chief Financial Officer of the Company taking the time to properly review and prepare annual financial statements for the fiscal year ended December 31, 2023.
Planting Hope (MYLK) Announces New Private Placement and Signs Memo of Understanding for Equity Investment and Credit Facility
Not for distribution to U.S. news wire services or dissemination in the United States CHICAGO, IL AND VANCOUVER, BC / ACCESSWIRE / April 2, 2024 / The Planting Hope Company Inc. (TSXV:MYLK)(OTCQB:MYLKF)(FRA:J94) ("Planting Hope" or the "Company") is pleased to announce its execution of a Memorandum of Understanding ("MOU") with a US-based investment fund (the "Fund") to secure up to $7M USD (~$9.5M CAD) in financing. Subject to the completion of due diligence, the receipt of all required regulatory, third party and other approvals, and satisfaction of certain other conditions, the Fund has agreed to act as lead investor together with other US based investors to provide $2M USD ($2.7M CAD) in equity capital through participation in the Offering (as defined below) and $5M US ($6.75M CAD) in debt financing (the "Debt Financing").
Planting Hope Engages Independent Trading Group as Market Maker
CHICAGO, IL AND VANCOUVER, BC / ACCESSWIRE / March 19, 2024 / The Planting Hope Company Inc. (TSXV:MYLK)(OTCQB:MYLKF)(FRA:J94) ("Planting Hope" or the "Company"), a dynamic Foodtech innovation company dedicated to creating breakthrough delicious, sustainable food and beverage solutions through cutting-edge ingredient, formulation, and packaging technology, is pleased to announce, subject to regulatory approval, it has engaged the services of Independent Trading Group ("ITG") to provide market-making services in accordance with TSX Venture Exchange ("TSXV") policies. ITG will trade the subordinate voting shares of the Company ("SVS") on the TSXV and all other trading venues with the objective of maintaining a reasonable market and improving the liquidity of the Company's SVS.
Planting Hope Announces Extension of Non-Brokered Private Placement
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES CHICAGO, IL and VANCOUVER, BC / ACCESSWIRE / February 9, 2024 / The Planting Hope Company Inc. (TSXV:MYLK)(OTCQB:MYLKF)(FRA:J94) ("Planting Hope" or the "Company"), a dynamic Foodtech innovation company dedicated to creating breakthrough delicious, sustainable food and beverage solutions through cutting-edge ingredient, formulation, and packaging technology, is pleased to announce that it has received approval from the TSX Venture Exchange (the "TSXV") to extend the price reservation on its non-brokered private placement, announced on January 19, 2024, by an additional 30 days through March 9, 2024. The private placement financing is for up to 40,000,000 subordinate voting share units (each a "Unit") at a price per Unit of C$0.10 for aggregate gross proceeds of up to $4,000,000 CAD (~$3,000,000 USD) (the "Offering").
Planting Hope Accelerates Foodservice Strategy and Profitability Drive with Two New Board Directors and Chief Financial Officer
CHICAGO, IL and VANCOUVER, BC / ACCESSWIRE / February 8, 2024 / The Planting Hope Company Inc. (TSXV:MYLK)(OTCQB:MYLKF)(FRA:J94) ("Planting Hope" or the "Company"), a dynamic Foodtech innovation company dedicated to creating breakthrough delicious, sustainable food and beverage solutions through cutting-edge ingredient, formulation, and packaging technology, is pleased to announce the appointment of two new board of directors members and a new Chief Financial Officer. Board of Directors - Additions: Scott Carter: Scott Carter brings a deep background and experience across several decades of senior leadership and experience in foodservice and supply chain management, most recently as the Chief Executive Officer and Director of National DCP, LLC, a $3B global supply chain solutions provider for the foodservice industry.
Planting Hope Announces Distribution of Hope and Sesame(R) Barista Blend Sesamemilk in Costco Warehouse Stores
CHICAGO, IL and VANCOUVER, BC / ACCESSWIRE / February 6, 2024 / The Planting Hope Company Inc. (TSXV:MYLK)(OTCQB:MYLKF)(FRA:J94) ("Planting Hope" or the "Company"), a dynamic Foodtech innovation company dedicated to creating breakthrough delicious, sustainable food and beverage solutions through cutting-edge ingredient, formulation, and packaging technology, is pleased to announce that it has launched its Hope and Sesame® Barista Blend Sesamemilk in 20 select Costco Warehouse Stores across the Pacific Northwest region of the United States, including locations in Washington, Oregon, Idaho, and Alaska. This rotation program will be in the store for approximately 12 weeks or while supplies last.
Planting Hope Announces Non-Brokered Private Placement
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES CHICAGO, IL and VANCOUVER, BC / ACCESSWIRE / January 19, 2024 / The Planting Hope Company Inc. (TSXV:MYLK)(OTCQB:MYLKF)(FRA:J94) ("Planting Hope" or the "Company"), a dynamic Foodtech innovation company dedicated to creating breakthrough delicious, sustainable food and beverage solutions through cutting-edge ingredient, formulation, and packaging technology, is pleased to announce a proposed non-brokered private placement financing of up to 40,000,000 subordinate voting share units (each a "Unit") at a price per Unit of C$0.10 for aggregate gross proceeds of up to $4,000,000 CAD (~$3,000,000 USD) (the "Offering"). Each Unit shall consist of one subordinate voting share in the capital of the Company (each, a "SVS") and one subordinate voting share purchase warrant (each, a "Warrant").
Planting Hope Cancels Options Grants
CHICAGO, IL and VANCOUVER, BC / ACCESSWIRE / January 12, 2024 / The Planting Hope Company Inc. (TSXV:MYLK)(OTCQB:MYLKF)(FRA:J94) ("Planting Hope" or the "Company"), a dynamic Foodtech innovation company dedicated to creating breakthrough delicious, sustainable food and beverage solutions through cutting-edge ingredient, formulation, and packaging technology, announces that it is cancelling the entirety of the options grants that were approved for issuance by the Board of Directors on December 27, 2023 and press released on December 29, 2023. The total number of options cancelled was 3,870,121.
Planting Hope Grants Stock Options
Planting Hope has granted stock options to certain directors, advisors, and employees Company ends previously announced private placement offering CHICAGO, IL and VANCOUVER, BC / ACCESSWIRE / December 29, 2023 / The Planting Hope Company Inc. (TSXV:MYLK)(OTCQB:MYLKF)(FRA:J94) ("Planting Hope" or the "Company"), a dynamic Foodtech innovation company dedicated to creating breakthrough delicious, sustainable food and beverage solutions through cutting-edge ingredient, formulation, and packaging technology, today announced an award of stock options to various employees, advisors and directors, as well as the end of the previously announced US SEC Regulation D 506c private placement offering. Stock Option Awards The Company's Board of Directors has authorized, pursuant to its Omnibus Equity Incentive Plan ("Plan"), the grant of incentive stock options ("Options") to directors, employees and advisors to purchase an aggregate of up to 3,870,121 subordinate voting shares ("SV Shares") in the capital of the Company at an exercise price of $0.09 per SV Share.
Planting Hope Drives Forward Profitability Path Achievements, Improving Gross Margins, Decreasing SG&A Expenses, and Expanding in Transactionally Profitable Channels Including Foodservice
Proceeding rapidly on its strategic path to profitability, Planting Hope attained FY 2023 YTD gross revenues of $7.9M (CAD $10.7M) and Q3 2023 gross revenues of $1.9M (CAD $2.6M), reflecting anticipated gross revenue decreases versus FY 2022 of 22% and versus Q3 2022 of 48%. Revenue decreases were driven by the selective cutting of unprofitable accounts, promotional programs, and products, primarily at Grocery Retail, which freed up both management time and capital to focus on transactionally profitable customers, particularly Foodservice accounts.
Planting Hope Announces CFO Transition
CHICAGO, IL and VANCOUVER, BC / ACCESSWIRE / November 22, 2023 / The Planting Hope Company Inc. (TSXV:MYLK)(OTCQB:MYLKF) ("Planting Hope" or the "Company"), a dynamic Foodtech innovation company dedicated to creating breakthrough delicious, sustainable food and beverage solutions through cutting-edge ingredient, formulation, and packaging technology, announces the resignation of its Chief Financial Officer, Kohmela Grier, effective today. Ms. Grier is returning to private company accounting.
Planting Hope's Mozaics(TM) Real Veggie Chips Added to Select Whole Foods Market Stores Nationwide
Whole Foods Market has selected Planting Hope's Mozaics™ Real Veggie Chips to launch across US locations All three flavors of Mozaics™ Real Veggie Chips will be added to Salty Snack sections in about 500 Whole Foods Market stores Mozaics™ is the second Planting Hope brand to secure select national distribution with Whole Foods Market, joining RightRice® Protein Rice on Whole Foods Market grocery shelves CHICAGO, IL and VANCOUVER, BC / ACCESSWIRE / November 21, 2023 / The Planting Hope Company Inc. (TSXV:MYLK)(OTCQB:MYLKF)("Planting Hope" or the "Company"), a dynamic Foodtech innovation company dedicated to creating breakthrough delicious, sustainable food and beverage solutions through cutting-edge ingredient, formulation, and packaging technology, is proud to announce that its full lineup of Mozaics™ Real Veggie Chips flavors have been selected for inclusion in the Salty Snack sets at select Whole Foods Market stores across the United States. Whole Foods Market is adding all three flavors of Mozaics™ (Sea Salt, BBQ, Salsa) in 3.5 oz ‘share' bags to its assortment.
Planting Hope and Hope and Sesame(R) Sesamemilk Win the 22nd Annual Chicago Innovation Awards
The Planting Hope Company won the Food category at the 2023 Chicago Innovation Awards for its breakthrough Hope and Sesame® Sesamemilk Planting Hope was selected for this award from more than 340 nominated companies Announced at an awards ceremony attended by more than 600 guests and keynoted by Illinois governor JB Pritzker and Chicago mayor Brandon Johnson, the Chicago Innovation Awards are the highest recognition of innovation for companies and organizations in the Chicago area. CHICAGO, IL and VANCOUVER, BC / ACCESSWIRE / November 17, 2023 / The Planting Hope Company Inc. (TSXV:MYLK)(OTCQB:MYLKF), a dynamic Foodtech innovation company dedicated to creating breakthrough delicious, sustainable food and beverage solutions through cutting-edge ingredient, formulation, and packaging technology, proudly announces that The Planting Hope Company and Hope and Sesame® Sesamemilk have won the Food category in the 22nd annual Chicago Innovation Awards.
Planting Hope's Hope and Sesame(R) Sesamemilk has Lowest Water Usage Across Dairy and Plant Milks, per Life Cycle Assessment with Planet FWD
Planting Hope conducted a cradle-to-grave Life Cycle Assessment study (LCA) of its Hope and Sesame® Sesamemilk in conjunction with Planet FWD, the leading decarbonization platform for consumer companies. The study determined that Hope and Sesame® Sesamemilk uses 76% less water than oat milk, 87% less water than almond milk, and 92% less water than whole dairy milk.
Planting Hope Recognized as a Top 100 Finalist for the 22nd Annual Chicago Innovation Awards, Proceeds to the Next Stage in the Competition
Planting Hope has been named a Top 100 Finalist in the Chicago Innovation Awards, the highest recognition of innovation for companies and organizations in the Chicago area. The Company is hosting a webinar on October 18th at 12 pm EST.
Planting Hope Announces Third-Party Intellectual Property Portfolio Valuation of More than $50M USD ($69M CAD) and Investor Webinar
Planting Hope engaged 3rd party IP valuation experts Metis Partners to conduct a review and assessment of the value of the Company's extensive intellectual property ("IP") assets which span proprietary ingredients, formulations, trade secrets, and brand assets. Metis Partners awarded the Company IP Scores that both rate and rank the quality of its IP in the aggregate and in individual asset classes: Planting Hope ranked at #32 overall across the top 100 companies tracked on the global IP100 Index, with a Top 20 rating in three core asset classes.
Planting Hope Announces Private Placement of Convertible Note Units
The Company announces a private placement opportunity for convertible note units for aggregate gross proceeds of up to $5,000,000 USD (~$6.7M CAD). CHICAGO, IL and VANCOUVER, BC / ACCESSWIRE / October 7, 2023 / The Planting Hope Company Inc. (TSXV:MYLK)(OTCQB:MYLKF)(FRA:J94) ("Planting Hope" or the "Company"), a FoodTech innovation company focused on leveraging cutting-edge ingredient, formulation, and packaging technology to develop breakthrough sustainable food and beverage solutions, is pleased to announce a non-brokered private placement (the "Offering") of up to US$5,000,000 of convertible note units of the Company (the "Units") at a price per Unit of US$1,000 under US SEC Regulation D 506(c), open to accredited investors in the United States and to international investors outside of Canada.
Planting Hope Receives TSXV Approval and Issues Shares upon Conversion of Interest
CHICAGO, IL and VANCOUVER, BC / ACCESSWIRE / September 15, 2023 / The Planting Hope Company Inc. (TSXV:MYLK) (OTCQB:MYLKF) (FRA:J94) ("Planting Hope" or the "Company"), a Foodtech innovation company focused on leveraging cutting-edge ingredient, formulation, and packaging technology to develop breakthrough sustainable food and beverage solutions, is pleased to announce that, further to its news release dated July 20, 2023, the Company has received TSX Venture Exchange approval and has issued 24,367 subordinate voting shares (the "Shares") as payment of prepaid and accrued interest totaling C$6,213.70 in connection with the conversion of a convertible debenture with a face value of C$56,000 issued by the Company under its private placement completed on October 20, 2022 (the "Debenture"). The holder of the Debenture is not a Non-Arm's Length Party (as that term is defined in the policies of the TSX Venture Exchange) of the Company.
CORRECTION BY SOURCE: Planting Hope Continues Sales Momentum in Q2 2023, Focuses on Foodservice Channel Development and Executing Strategic Path to Profitability
Combined Gross Revenues for Q1 + Q2 2023 (USD $6.0 million | CAD $8.1 million) exceeded combined Q1 + Q2 revenues for 2022 (USD $5.9 million | CAD $8.0 million) Achieved Q2 2023 Revenues of USD $2.7 million (CAD $3.7 million), a decrease of 19% over Q2 2022 Revenues of USD $3.3 million (CAD $4.5 million), as the Company strategically adjusted its channel and promotional strategies to focus on near-term transactionally profitable channels, products, and customers Selling, General, and Administrative (SG&A) expenses decreased by 16% to USD $2.6 million (CAD $3.5 million) in Q2 2023 compared to USD $3.1 million (CAD $4.2 million) in Q2 2022; SG&A in Q1 + Q2 2023 combined decreased by 19% over Q1 + Q2 2022, and SG&A as a percentage of revenue declined by 21% Corrected Combined Gross Revenues for Q1 + Q2 2023 (USD $6.0 million | CAD $8.1 million) previously stated as (USD $8.1 million | CAD $7.8 million). CHICAGO, IL and VANCOUVER, BC / ACCESSWIRE / August 30, 2023 / The Planting Hope Company Inc. (TSXV:MYLK)(OTCQB:MYLKF)(FRA:J94) ("Planting Hope" or the "Company"), a foodtech company focused on leveraging cutting-edge ingredient, formulation, and packaging technology to develop breakthrough sustainable and nutritious food and beverage solutions, is pleased to report financial results for the three months ended June 30, 2023.
Planting Hope Continues Sales Momentum in Q2 2023, Focuses on Foodservice Channel Development and Executing Strategic Path to Profitability
Combined Gross Revenues for Q1 + Q2 2023 (USD $8.1 million | CAD $7.8 million) exceeded combined Q1 + Q2 revenues for 2022 (USD $5.9 million | CAD $8.0 million) Achieved Q2 2023 Revenues of USD $2.7 million (CAD $3.7 million), a decrease of 19% over Q2 2022 Revenues of USD $3.3 million (CAD $4.5 million), as the Company strategically adjusted its channel and promotional strategies to focus on near-term transactionally profitable channels, products, and customers Selling, General, and Administrative (SG&A) expenses decreased by 16% to USD $2.6 million (CAD $3.5 million) in Q2 2023 compared to USD $3.1 million (CAD $4.2 million) in Q2 2022; SG&A in Q1 + Q2 2023 combined decreased by 19% over Q1 + Q2 2022, and SG&A as a percentage of revenue declined by 21% CHICAGO, IL and VANCOUVER, BC / ACCESSWIRE / August 30, 2023 / The Planting Hope Company Inc. (TSXV:MYLK)(OTCQB:MYLKF)(FRA:J94) ("Planting Hope" or the "Company"), a foodtech company focused on leveraging cutting-edge ingredient, formulation, and packaging technology to develop breakthrough sustainable and nutritious food and beverage solutions, is pleased to report financial results for the three months ended June 30, 2023. All figures are in U.S. dollars unless otherwise stated.
Planting Hope's Hope and Sesame(R) Sesamemilk Is Recognized by Consumer Reports, Expands Barista Sesamemilk Distribution in Key Markets
Consumer Reports, the leading independent publication for consumer product information, featured the sesame milk subcategory of Plant Milk and Hope and Sesame® Sesamemilk in the article ‘Is Milk Good For You?', included in their September 2023 ‘Live Healthier Longer' issue: Sesame milk, described has having a ‘toasty flavor', is called out as a core subcategory in plant milk next to almond, oat, soy, cashew, and coconut.
Planting Hope Announces Closing of $1M CAD Private Placement of Convertible Debentures and Issuance of Shares from Conversion of Interest Payments
Not for distribution to U.S. news wire services or dissemination in the United States CHICAGO, IL and VANCOUVER, BC / ACCESSWIRE / August 23, 2023 / The Planting Hope Company Inc. (TSXV:MYLK) (OTCQB:MYLKF) (FRA:J94) ("Planting Hope" or the "Company"), a Foodtech innovation company focused on leveraging cutting-edge ingredient, formulation, and packaging technology to develop breakthrough sustainable food and beverage solutions, is pleased to announce it has closed its previously announced non-brokered private placement (the "Private Placement") of unsecured, non-transferable 10% convertible debentures ("Convertible Debentures") having an aggregate principal amount and gross proceeds of $1,059,710 CAD (see the Company's news release dated July 20, 2023). Any holder of Convertible Debentures (a "Holder") may, at its option, convert all or a portion of the aggregate principal of their Convertible Debenture at any time prior to the Maturity Date (as defined below) into units ("Units") at a conversion price of $0.42 CAD per Unit (the "Conversion Price").
Planting Hope Accelerates Foodservice Strategy with the Acquisition of Managed Foodservice Master Agreements and University Café Licenses and Up to $1M USD ($1.35M CAD) in Financing
Planting Hope has acquired a substantial assets package from the acquisition of certain Argo Tea® assets from Golden Fleece Beverages, Inc. through a non-dilutive, non-cash transaction. The Argo Tea® assets acquired include: Transferable master contracts with managed Foodservice partners including Sodexo and Aramark Licenses for eight branded Argo Tea® cafés managed by contract Foodservice providers at major US universities, collectively serving upwards of 170,000 students and 10,000 faculty and staff members In conjunction with this transaction, the Company is receiving a loan of up to $1,000,000 USD (approx.
Planting Hope Recognized for Food Technology Leadership, IP Valuation Underway
Planting Hope has been selected to join 1871's nationally recognized Foodtech Innovation Lab program as a Late Stage partner alongside Farmer's Fridge and HumanCo Planting Hope has engaged global intellectual property (IP) valuation firm Metis Partners to conduct an in-depth third-party valuation of the Company's deep bench of IP Planting Hope will host a webinar in September to review strategic milestones, the Company's IP Strategy, and the outcome of the Metis Partners IP Valuation CHICAGO, IL and VANCOUVER, BC / ACCESSWIRE / August 9, 2023 / The Planting Hope Company Inc. (TSXV:MYLK)(OTCQB:MYLKF)(FRA:J94) ("Planting Hope" or the "Company"), a foodtech company focused on leveraging cutting-edge ingredient, formulation, and packaging technology to develop breakthrough sustainable food and beverage solutions, is proud to announce that it has been selected as a Late Stage Partner by 1871 for its Foodtech Innovation Lab. Based in Chicago, IL, 1871 is the #1 ranked private business incubator in the world and an internationally recognized technology hub.
CORRECTING AND REPLACING: Planting Hope Announces Financial Transactions Resulting in a Combined US$2.45M (C$3.27M) Benefit to the Company
Not for distribution to U.S. news wire services or dissemination in the United States. The Company announces a private placement of convertible debentures totaling up to US$900,000 (C$1.2M) and a bridge loan in the amount of US$332,000 (C$443,000) Planting Hope has settled a total of US$1.25M (C$1.67M) in debt, including US$243,000 and C$7,500 in account payables, C$6,000 in interest from a convertible debenture, and the significant reduction of a US$1M (C$1.333M) note payable with Betterer Foods related to the RightRice acquisition (based on post-closing working capital adjustments) CHICAGO, IL and VANCOUVER, BC / ACCESSWIRE / July 20, 2023 / The Planting Hope Company Inc. (TSXV:MYLK)(OTCQB:MYLKF)(FRA:J94) is correcting and replacing the news release that was released under the same headline earlier today in order to correct the number of warrants intended to be issued to the lenders under the bridge loan.
Planting Hope Announces Financial Transactions Resulting in a Combined US$2.45M (C$3.27M) Benefit to the Company
Not for distribution to U.S. news wire services or dissemination in the United States. The Company announces a private placement of convertible debentures totaling up to US$900,000 (C$1.2M) and a bridge loan in the amount of US$332,000 (C$443,000).
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