PlantFuel issues warrants as part of its partnership with GNC Ventures
Mississauga, Ontario – TheNewswire – August 9, 2022 – PlantFuel Life Inc. FUEL PLFLF BR ("PlantFuel" or the "Company") the scientifically-driven, plant-based wellness company is pleased to announce that, following its August 4, 2022 press release, it has completed the first stage of its partnership with GNC Ventures.
As part of the partnership, the Company has issued a total of 5,000,000 performance warrants to GNC. Each warrant entitles its holder to purchase one common share of the Company at a price of C$0.23 for a period of 5 years from the date of issue. The performance warrants will only become exercisable upon reaching certain milestones (with 1,050,000 of the performance warrants exercisable when the Company has received $1,500,000 in aggregate purchases of GNC during calendar year 2022, 1,850,000 of the performance warrants exercisable when the Company has received $3,000,000 in aggregate purchases from GNC during calendar year 2023 and 2,100,000 of the performance warrants performance rights exercisable if the Company has received $4,000,000 in aggregate purchases from GNC in calendar year 2024). In addition, the Performance Warrants contain a feature that would permit the "net issuance" of the Warrants on a "cashless exercise" basis, based on the market price of the Company at the time of exercise.
About PlantFuel Life Inc.
PlantFuel Life Inc. is a plant-based, science-driven wellness company run by successful entrepreneurs with extensive experience in consumer packaged goods, manufacturing, logistics and distribution. . https://plantfuellife.com/
The Canadian Securities Exchange ("CSE") has neither approved nor disapproved of the contents of this press release. Neither the CSE nor its Market Regulator (as that term is defined in the CSE policies) accepts responsibility for the adequacy or accuracy of this release.
Cautionary statement regarding forward-looking information
This press release may contain certain "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities laws. All information contained herein that is not historical in nature may constitute forward-looking information. Forward-looking statements can be identified by statements containing the words "believes", "anticipates", "plans", "intends", "will", "should", "expects", "continues". , "estimates", "expects" and other similar expressions. Forward-looking statements included herein include, but are not limited to, management's expectations and expectations for the growth of the PlantFuel brand and the business and strategic plans of company. Readers are cautioned not to place undue reliance on any forward-looking information. Actual results and developments may differ materially from those contemplated by such statements. PlantFuel undertakes no obligation to comment on any analyses, expectations or statements made by third parties regarding PlantFuel, its securities, or its financial or operating results (as applicable).Although PlantFuel believes that the expectations reflected in the forward-looking statements in this press release are reasonable However, these forward-looking statements were based on expectations, factors and assumptions about future events which may prove to be inaccurate and are subject to numerous risks and uncertainties. , some of which are beyond PlantFuel's control, including the risk factors discussed in PlantFuel's registration statement dated August 22, 2019 which is available on PlantFuel's SEDAR profile at www.sedar.com. The forward-looking information contained in this press release is expressly qualified by this cautionary statement and is made as of the date hereof. PlantFuel disclaims any intention and has no obligation or liability, except as required by law, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise. /p>
Copyright (c) 2022 TheNewswire - All rights reserved.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Ad Disclosure: Rate information is obtained by Bankrate from the li...
Mississauga, Ontario – TheNewswire – August 9, 2022 – PlantFuel Life Inc. FUEL PLFLF BR ("PlantFuel" or the "Company") the scientifically-driven, plant-based wellness company is pleased to announce that, following its August 4, 2022 press release, it has completed the first stage of its partnership with GNC Ventures.
As part of the partnership, the Company has issued a total of 5,000,000 performance warrants to GNC. Each warrant entitles its holder to purchase one common share of the Company at a price of C$0.23 for a period of 5 years from the date of issue. The performance warrants will only become exercisable upon reaching certain milestones (with 1,050,000 of the performance warrants exercisable when the Company has received $1,500,000 in aggregate purchases of GNC during calendar year 2022, 1,850,000 of the performance warrants exercisable when the Company has received $3,000,000 in aggregate purchases from GNC during calendar year 2023 and 2,100,000 of the performance warrants performance rights exercisable if the Company has received $4,000,000 in aggregate purchases from GNC in calendar year 2024). In addition, the Performance Warrants contain a feature that would permit the "net issuance" of the Warrants on a "cashless exercise" basis, based on the market price of the Company at the time of exercise.
About PlantFuel Life Inc.
PlantFuel Life Inc. is a plant-based, science-driven wellness company run by successful entrepreneurs with extensive experience in consumer packaged goods, manufacturing, logistics and distribution. . https://plantfuellife.com/
The Canadian Securities Exchange ("CSE") has neither approved nor disapproved of the contents of this press release. Neither the CSE nor its Market Regulator (as that term is defined in the CSE policies) accepts responsibility for the adequacy or accuracy of this release.
Cautionary statement regarding forward-looking information
This press release may contain certain "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities laws. All information contained herein that is not historical in nature may constitute forward-looking information. Forward-looking statements can be identified by statements containing the words "believes", "anticipates", "plans", "intends", "will", "should", "expects", "continues". , "estimates", "expects" and other similar expressions. Forward-looking statements included herein include, but are not limited to, management's expectations and expectations for the growth of the PlantFuel brand and the business and strategic plans of company. Readers are cautioned not to place undue reliance on any forward-looking information. Actual results and developments may differ materially from those contemplated by such statements. PlantFuel undertakes no obligation to comment on any analyses, expectations or statements made by third parties regarding PlantFuel, its securities, or its financial or operating results (as applicable).Although PlantFuel believes that the expectations reflected in the forward-looking statements in this press release are reasonable However, these forward-looking statements were based on expectations, factors and assumptions about future events which may prove to be inaccurate and are subject to numerous risks and uncertainties. , some of which are beyond PlantFuel's control, including the risk factors discussed in PlantFuel's registration statement dated August 22, 2019 which is available on PlantFuel's SEDAR profile at www.sedar.com. The forward-looking information contained in this press release is expressly qualified by this cautionary statement and is made as of the date hereof. PlantFuel disclaims any intention and has no obligation or liability, except as required by law, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise. /p>
Copyright (c) 2022 TheNewswire - All rights reserved.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Ad Disclosure: Rate information is obtained by Bankrate from the li...
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