Planet Based Foods Global Inc. Completes Debt Settlement Agreements with Related Parties

Written by Emily J. Thompson, Senior Investment Analyst

Source: Yahoo Finance

Updated: Aug 29 2025

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Source: Yahoo Finance

Debt Settlement Completion: Planet Based Foods Global Inc. has completed debt settlement transactions with Baron Global Financial Canada Ltd. and Coenda Investments Holding Corp., issuing 15,238,094 subordinated voting shares to settle CAD $800,000 in debt.
Share Issuance Details: The shares were issued at a deemed price of $0.0525 each, which is a 25% discount compared to the market price prior to the announcement, and are subject to a statutory hold period of four months and one day.
Related Party Transactions: The creditors involved are considered "related parties," and the company relied on exemptions from formal valuation and minority shareholder approval requirements due to its financial difficulties.
Company Overview: Planet Based Foods focuses on sustainable ingredients and plant-based solutions, aiming to contribute to a healthier global food system while operating with integrity and purpose.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.