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.
溫哥華，不列顛哥倫比亞省-(Newsfile Corp.-2023年6月14日)-Boosh基於植物的品牌公司。(CSE：VEGI)(場外市場：VGGIF)(FSE：77I)(“Boosh“或”公司“)是“Better For You”食品領域的主要植物性品牌，該公司宣佈已就Beanfield薯片在美國的銷售和分銷達成了一份不具約束力的意向書和許可協定。
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.
根據協定條款，被許可方將擁有與薯片、餅乾、戒指和豆類零食相關的獨家商標許可。Boosh將獲得相當於銷售商品成本的7%的許可費，並每年至少獲得4萬美元的許可費。持牌人還需要達到年度最低銷售目標。
"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.
首席執行官康妮·馬普斯表示：“這筆交易的結構使我們能夠更好地專注於加拿大和其他全球銷售機會。美國市場是非常資本密集型的，與一家資金雄厚的公司合作是幫助我們實現增長的絕佳機會。”
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.
作為意向書的一部分，預計被許可方將借給Beautiful Beanfield Inc.1,000,000美元以償還供應商債務。貸款的初始期限為十八(18)個月，可以選擇以一(1)年的增量延長，但前提是雙方不會違約，而且雙方都同意。付款應僅按15%(15%)的年利率支付單利。採購訂單預付款的到期款項將首先用於貸款的未償還餘額，直到貸款全部付清為止。
Boosh expects to have a definitive agreement in place by July 7th, 2023.
Boosh預計在7月7日之前達成最終協定這是，2023年。
We look forward to providing additional details on this partnership as well as other initiatives over the next several weeks.
我們期待著在今後幾周內提供關於這一夥伴關係以及其他倡議的更多細節。
Connie Marples
Founder/CEO
connie@booshfood.com
Telephone: 778 840 1700
康妮·馬普斯
創始人/首席執行官
郵箱：Connie@booshfood.com
電話：7788401700
About Boosh Plant-Based Brands Inc.:
Boosh以植物為基礎的品牌公司簡介：
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植物性品牌公司通過其全資子公司Boosh Food()為整個家庭提供高質量、非轉基因、無麩質、100%植物性營養舒適食品。通過另一家子公司Beautiful Beanfield，()該公司擁有Beanfield，這是一個以植物為基礎的晶片品牌，在北美各地的7000多家商店銷售。布希，這對你和地球都有好處。
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