Planting Hope Announces Extension of Non-Brokered Private Placement

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CHICAGO, IL and VANCOUVER, BC / ACCESSWIRE / March 22, 2024 / The Planting Hope Company Inc. (TSXV:MYLK)(FRA:J94) ("Planting Hope " or the "Company"), a dynamic Food tech innovation company dedicated to creating breakthrough delicious, sustainable food and beverage solutions through cutting-edge ingredient, formulation, and packaging technology, is pleased to announce that, further to its news releases dated January 19, 2024 and February 9, 2024, it is has received approval from the TSX Venture Exchange (the " TSXV") to extend the price reservation on its non-brokered private placement by an additional two weeks through Friday, April 5, 2024.

The proposed private placement financing is for up to 40,000,000 subordinate voting share units (each a "Unit") at a price per Unit of $0.10 CAD for aggregate gross proceeds of up to $4,000,000 CAD (~$3,000, 000 USD) (the "Offering").

Each Unit shall consist of one subordinate voting share in the capital of the Company (each, a "SVS") and one subordinate voting share purchase warrant (each, a "Warrant"). Each Warrant shall entitle the holder to acquire one additional subordinate voting share at an exercise price of C$0.15 for a period of 24 months from the closing date of the Offering.

The gross proceeds raised from the sale of the units will be used to primarily support inventory purchases and business expansion, as well as general working capital purposes. The Company may pay finder's fees on the Offering in accordance with applicable laws and the policies of the TSXV.

The securities issued pursuant to the Offering will be subject to a hold period of six months from the date of issuance.

Closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSXV.

The Offering may close in one or more tranches.

About The Planting Hope Company Inc.

Planting Hope is reimagining and reinventing food today so that our planet can feed 10 billion people tomorrow. A Food tech-driven company at the forefront of sustainable consumer food and beverage evolution, Planting Hope transforms nutrient-dense, widely cultivated crops into innovative, nutrient-rich products that reimagine pantry staples in the largest, fastest growing global food categories.