Greenspace Announces Debt Renewal Extension Agreement with Primary Capital Inc.

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TORONTO, September 27, 2021 / CNW / – GreenSpace Brands Inc. (“GreenSpace” or the “Company”) (TSXV: JTR), a leader in the organic and plant-based food industry, announces an agreement with Primary Capital Inc. (“Primary” ) to renew its current credit facilities with the company.

GreenSpace Brands Inc. (JTR.V) (CNW Group / GreenSpace Brands Inc.)

Both the Company and Primary have agreed to extend the current term loan for an additional year, with the due date being one day after the date on which all of the Company’s obligations to Pivot Financial Inc. are fully repaid. In addition, as part of the renewal consideration of September 2020Both parties have agreed that renewal fees of $ 37,715 is paid to the primary and capitalized on the current debt.

ABOUT GREENSPACE BRANDS INC .:
GreenSpace is a North American organic and plant food company that develops, markets, and sells premium food products in the rapidly growing natural and organic food categories. GreenSpace owns LOVE CHILD ORGANICS, a manufacturer of 100% organic food for infants and toddlers with natural and nutrient-rich ingredients, CENTRAL ROAST, a clean snack brand with a wide range of organic nut and seed mixes, and GO VEGGIE, one of the pioneers and market leaders in the US plant-based dairy market. All brands are wholly owned and sold in a variety of online, natural and retail stores.

For more information, visit www.greenspacebrands.ca and GreenSpace’s documentation is also available at www.SEDAR.com.

CAUTION REGARDING FORWARD-LOOKING INFORMATION:
This press release contains certain information that may constitute “forward-looking information” under applicable Canadian securities laws. Forward-looking information is necessarily based on a number of estimates and assumptions that, although believed reasonable, are subject to known and unknown risks to third parties in order to meet their obligations to the company or its affiliates; the effects of new and changes to or application of current laws and regulations; critical accounting estimates and changes in accounting standards, guidelines and methods used by the company; the occurrence of natural and unnatural catastrophic events and damage resulting from such events; and risks associated with COVID-19, including various recommendations, orders, and actions by government agencies to try to contain the pandemic, including travel restrictions, border closings, non-essential business closings, quarantines, self-isolation, on-site housing, and social distancing; and other factors that could cause actual results and future events to differ materially from those expressed or implied in such forward-looking information, including the risks identified in the company’s disclosure documents. There can be no assurance that this information will prove to be accurate, as actual results and future events could differ materially from those anticipated in this information. Accordingly, readers are cautioned not to place undue reliance on forward-looking information. All forward-looking information contained in this press release is correct as of the date of this publication and is based on the opinions and estimates of management and the information available to management as of the date of this publication. The company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events, or for any other reason, except as required by law.

Neither the TSX Venture Exchange nor its regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

SOURCE GreenSpace Brands Inc.

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