Boosh Plant Based Brands (OTCMKTS:VGGIF) Stock Continues to Trend Lower: Now What?

Boosh Plant Based Brands (OTCMKTS:VGGIF) stock was in focus as the stock ended with mild fall. The stock has lost 11% over the past week.

Market Action

On Friday, VGGIF stock fell by 2.88% at $1.0100. More than 46K shares have exchanged hands, below its average volume of 68k shares. The stock opened at $1.0474 and moved in a range of $0.9700 – 1.1000.

Boosh to Acquire Pulse Kitchen Specialty Foods Ltd.

Here are the highlights:

Boosh Plant Based announced that it has executed a Share Purchase Agreement dated October 1st, 2021 to purchase all the shares of Pulse Kitchen Specialty Foods Ltd. (“Pulse Kitchen”).

Pulse Kitchen products 100% plant-based gluten free cheese, made from nuts, seeds, pulses and other fine ingredients. Cheese flavors include Sharp Cashew Cheddar, Almond Chevre, Dill Havarti, Almond Swiss, Vegan Pepper Jack, Cashew Kind of Blue and Smoky Cashew Cheddar. Products are sold in approximately 250 grocery stores in Canada including Whole Foods, Healthy Planet, Nature’s Fare, IGA, Fresh St Market, Choices, Urban Fare, and Nesters. The production facility is located in Penticton BC and was established in 2016.

Key Quote:

“I think joining the Boosh family is a perfect fit for us. They strive to differentiate themselves in the plant-based sector, as do we. Our emphasis at Pulse Kitchen is to create deliciously flavoured plant-based cheeses with a focus on high quality and texture allowing us to enhance our consistency relating to balancing the levels of acidity and quality, resulting in a unique set of characteristics in terms of flavour, taste and texture,” states Chef Stephanos Liapis, owner and founder of Pulse Kitchen. “Our products certainly take center stage on any charcuterie board and are equally enjoyed while snacking or adding to other dishes.”