Boosh Comments on Market Activity
Vancouver, British Columbia–(Newsfile Corp. – October 1, 2021) – Boosh Plant-Based Brands Inc. (CSE:VEGI) (OTCQB: VGGIF) (“Boosh” or the “Company”) wishes to make, at the request of the OTC Market Groups Inc. (“OTC Markets”), the following statements regarding certain market activity surrounding the Company’s common shares.
On September 28, 2021, the Company was notified by the OTC Markets about certain promotional activities in relation to the Company’s common shares, including certain promotional newsletter emails dated September 28, 2021 (the “Promotional Materials”) distributed by Wealth Resource Group and Portfolio Wealth Global. The Company had not seen the specific forms of Promotional Materials prior to receiving copies from OTC Markets, but notes that the Promotional Materials purport to have been prepared pursuant to an agreement between the Company and Gold Standard Media LLC (“Gold Standard”). The Company does have an advertising agreement in place with Gold Standard dated May 27, 2021 and the Company’s CEO was provided with portions of copy, some of which was used in the Promotional Materials, for review of accuracy of certain statements related to the Company’s products and distribution.
Since the Company’s initial listing on the Canadian Securities Exchange at the end of May 2021, the Company has utilized Gold Standard as its marketing firm, as well as Edge Growth Holdings Corporation as its primary public and investor relations team. Separately, on May 28, 2021, the Company engaged AGORA Internet Relations Corp. to provide online advertising for the Company. The Company has also entered into agreements with BTV, North Equities Inc., Amherst Baer Consultancy Corporation, Proactive Investors North America Inc. AGORA and BTV are not investor relations firms, and none of the entities listed above had involvement with the Promotional Materials.
After inquiry, except as outlined above, the Company confirms that its officers, directors or its controlling shareholders (i.e., shareholders owning 10% or more of the Company’s securities) have not, directly or indirectly, authorized or been involved in any way with the creation or distribution of the Promotional Materials.
The Company acknowledges that the distribution of the Promotional Materials coincided with higher than average trading volume in the Company’s common stock, however, the Company has no knowledge or opinion as to whether or not the materials themselves affected trading activity. Many other factors, including but not limited to recent Canadian roadshow activities and interviews of the Company’s CEO and recent press releases, could have had an impact on trading volume. Since August 1, 2021, the Company announced the launch of the Company’s products in Whole Foods Markets in Canada, the completion of its studio kitchen and the appointment of Dave Richardson as a special advisor, as well as DTC eligibility. The Company believes that such events and announcements…
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