Boosh Enters Into LOI For US Licensing Agreement
Boosh Enters Into LOI For US Licensing Agreement
Vancouver, British Columbia--(Newsfile Corp. - June 14, 2023) - Boosh Plant-Based Brands Inc. (CSE: VEGI) (OTCQB: VGGIF) (FSE: 77I) ("Boosh" or the "Company") a premier plant-based brand in the "better for you" food sector, announces it has entered into a non-binding Letter of Intent and a licensing agreement for the sale and distribution of Beanfields Chips in the US.
温哥华，不列颠哥伦比亚省-(Newsfile Corp.-2023年6月14日)-Boosh基于植物的品牌公司。(CSE：VEGI)(场外市场：VGGIF)(FSE：77I)(“Boosh“或”公司“)是“Better For You”食品领域的主要植物性品牌，该公司宣布已就Beanfield薯片在美国的销售和分销达成了一份不具约束力的意向书和许可协议。
Under the terms of the agreement, the licensee will have an exclusive trademark licensing in association with chips, crackers, rings, and bean-based snacks. Boosh will earn a license fee equal to seven (7%) of the cost of goods sold, and be paid an annual license fee of a minimum of $40,000. The licensee will also need to meet annual minimum sales targets.
根据协议条款，被许可方将拥有与薯片、饼干、戒指和豆类零食相关的独家商标许可。Boosh将获得相当于销售商品成本的7%的许可费，并每年至少获得4万美元的许可费。持牌人还需要达到年度最低销售目标。
"The structure of this deal allows us to better focus on Canada and other worldwide sales opportunities. The United States market is very capital intensive and to partner with a well funded company is a great opportunity to assist us in our growth," said Connie Marples, CEO.
首席执行官康妮·马普斯表示：“这笔交易的结构使我们能够更好地专注于加拿大和其他全球销售机会。美国市场是非常资本密集型的，与一家资金雄厚的公司合作是帮助我们实现增长的绝佳机会。”
As part of the LOI, it is also anticipated that the licensee will loan Beautiful Beanfields Inc. $1,000,000 USD to pay supplier debt. The initial term of the Loan is eighteen (18) months, with the option to extend in one (1) year increments subject to no default and mutual agreement between the parties. Payments shall be interest only at an annual rate of fifteen percent (15%) simple interest. Payments due from purchase order advances will be applied first to the outstanding balance of the Loan until such time as the Loan is paid in full.
作为意向书的一部分，预计被许可方将借给Beautiful Beanfield Inc.1,000,000美元以偿还供应商债务。贷款的初始期限为十八(18)个月，可以选择以一(1)年的增量延长，但前提是双方不会违约，而且双方都同意。付款应仅按15%(15%)的年利率支付单利。采购订单预付款的到期款项将首先用于贷款的未偿还余额，直到贷款全部付清为止。
Boosh expects to have a definitive agreement in place by July 7th, 2023.
Boosh预计在7月7日之前达成最终协议这是，2023年。
We look forward to providing additional details on this partnership as well as other initiatives over the next several weeks.
我们期待着在今后几周内提供关于这一伙伴关系以及其他倡议的更多细节。
Connie Marples
Founder/CEO
connie@booshfood.com
Telephone: 778 840 1700
康妮·马普斯
创始人/首席执行官
邮箱：Connie@booshfood.com
电话：7788401700
About Boosh Plant-Based Brands Inc.:
Boosh以植物为基础的品牌公司简介：
Boosh Plant-Based Brands Inc., through its wholly owned subsidiary, Boosh Food () offers high quality, non-GMO, gluten free, 100% plant-based nutritional comfort foods for the whole family. Through a separate subsidiary, Beautiful Beanfields, () the Company owns Beanfields, a plant-based chip brand sold in over 7,000 stores throughout North America. Boosh, good for you and good for planet earth.
Boosh植物性品牌公司通过其全资子公司Boosh Food()为整个家庭提供高质量、非转基因、无麸质、100%植物性营养舒适食品。通过另一家子公司Beautiful Beanfield，()该公司拥有Beanfield，这是一个以植物为基础的芯片品牌，在北美各地的7000多家商店销售。布希，这对你和地球都有好处。
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