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Progressive Planet Solutions Inc V.PLAN

Alternate Symbol(s):  ASHXF

Progressive Planet Solutions Inc. is a Canada-based cleantech and a manufacturing company. The Company specializes in merging cleantech with ancient volcanic ash and minerals to create planet-friendly products that fight climate change. The Company’s properties include Z1 Zeolite Property, British Columbia; Z2 Zeolite Property, British Columbia, and Z3 Heffley Property, British Columbia. It creates bespoke products that include diatomaceous earth, soft rock phosphate, zeolite, limestone, bentonite clay, humates, biochar, and virgin / post-consumer glass. Its subsidiaries include Progressive Planet Products Inc., 0820443 B.C. Ltd., Progressive Planet Alberta Inc., and Progressive Planet US LLC.


TSXV:PLAN - Post by User

Comment by 15Stanmoreon May 04, 2022 12:30pm
106 Views
Post# 34655369

RE:RE:PLAN April 30, 2022 Year End

RE:RE:PLAN April 30, 2022 Year EndHello Eunice12,

Yes, I fully agree that it will be Q1 2023 results that will present the first "clean" picture of the results of the newly combined entity after the APL acquisition. My prior post regarding the 2022 audited financial statements was referring to the disclosure of the accounting for the acquisition of APL in February. We know already the amounts PLAN paid for the Company, but we have not been told what "value" was actually acquired. What was the split between tangible assets acquired, versus what was deemed to be "Goodwill" for example.

I would also be interested in how the contingent aspects of the deal are being disclosed in the financials, along with the accounting for tax assets and liabilities.

Cheers,

S.
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