Boosh Plant-Based Brands Inc (CSE:VEGI, OTC:VGGIF), which through its subsidiary Boosh Food sells high quality, non-GMO, gluten free, plant-based comfort foods, revealed that it clocked strong gross sales revenue of C$897,048 in the month of June 2022.
Through a separate subsidiary, Beautiful Beanfields, the company owns Beanfields, a plant-based chip brand sold in over 7,000 stores in North America.
In a statement, Boosh founder CEO Connie Marples said: "Now that we have fully integrated Beanfields Chips into our family of brands we are seeing a dramatic increase in our sales revenues.”
READ: Boosh Plant-Based Brands updates on recent activity including Beanfields brand integration
She added: “It is exciting to be shipping large volumes of product out to stores with reorders coming in fast and furious. We are working on continuing to scale up production to meet retailers' demands."
The Vancouver-based company said costs of goods sold amounted to C$534,030.43 in June.
Boosh pointed out that the sales figures are management prepared and have not been audited or reviewed by the company's auditors.
Meanwhile, Boosh has also completed a non-brokered private placement generating aggregate gross proceeds of C$170,000.
The company issued 434,783 common shares at a price of C$0.23 per share and a further 350,000 shares at a price of C$0.20 per share generating aggregate gross proceeds of C$170,000.
The firm said no finder's fee was payable. The proceeds of the placement will be utilized for general working capital including the payment of outstanding liabilities, said Boosh.
All securities issued in the private placement are subject to a four-month and one day hold period expiring on November 6, 2022.
Separately, the company announced the recent resignations of Maria Hussaini and Rafael Almanzar from the company’s board and thanked them for their contribution.
Contact the author Uttara Choudhury at uttara@proactiveinvestors.com
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