Planting Hope Co Inc MYLKF

Primary Symbol: V.MYLK

Consumer Defensive Packaged Foods

The Planting Hope Company Inc. is a Canada-based food technology company focused on leveraging ingredient, formulation and packaging technology to develop sustainable food and beverage solutions. The principal business of the Company is to develop, launch and scale nutritious and sustainable consumer packaged foods and beverages in the natural food products segment of the United States, Canada and internationally. The Company’s brands include Hope and Sesame Sesamemilk, Veggicopia, Mozaics and RightRice. Hope and Sesame Sesamemilk is a plant-based milk, which is made from plant sources, such as nuts, grains and beans. Mozaics Real Veggie Chips is an alternative to traditional potato and corn-based chips and snack foods, featuring real veggies. Veggicopia provides plant-based snacking, including single-serving dip cups and snack olives. RightRice is an alternative to traditional rice and flavoured rice blends that offer starch as nutrition.

TSXV:MYLK - Post by User

Planting Hope Co Inc

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Post by StockHawk1on May 16, 2022 3:22pm

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Post# 34687122

$MYLK announces $3,227,000 Non-Dilutive Line of Credit

The Planting Hope Company Inc. ($MYLK.V $MYLKF) is trading in the green on the TSXV after announcing today that its subsidiary, Planting Hope Brands, has entered into a non-dilutive revolving line of credit agreement.

This agreement with CircleUp Credit Advisors will provide $MYLK with a credit limit of $3,227,000 at a simple interest rate of 10.25% per annum.

$MYLK's CFO stated that the credit agreement is an opportunity to strengthen $MYLK's liquidity which positions the company well to meet the growing demand for its products.

Right now $MYLK is trading at $0.57, MC is $27.217M

https://ca.finance.yahoo.com/news/planting-hope-announces-usd-2-112500341.html

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