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Progressive Planet Solutions Inc V.PLAN

Alternate Symbol(s):  ASHXF

Progressive Planet Solutions Inc. is a Canada-based manufacturing company. The Company is focused on developing critical low-carbon and carbon sequestering solutions using its owned mineral assets and recycled materials to create planet-friendly products, which are being developed at its C-Quester Centre of Sustainable Solutions for the cement, agricultural and animal care industries. The Company’s product lines include patented and patent pending products which are developed using naturally occurring minerals and the urban mining of recycled materials. Its products are available in over 10,000 retail stores across North America. It focuses on reducing the carbon footprint of the global cement industry by developing sustainable alternatives to traditional cement. Its mineral based products include Activated Barn Fresh, Can Blast Abrasives, CAN DRY, Fresh Coop Odour Control and Red Lake Earth, among others. Its operating mines include Red Lake Mine and Bud Bentonite Clay Mine.


TSXV:PLAN - Post by User

Comment by 15Stanmoreon May 04, 2022 12:30pm
121 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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