Planting Hope (MYLK) Announces New Private Placement and Signs Memo of Understanding for Equity Investment and Credit Facility - Seite 2

The net proceeds raised from the Offering and Debt Financing will be used primarily to support inventory purchases and business expansion (as further set out below), and for general working capital. The Company may pay finder's, loan bonus or other fees on the Offering and Debt Financing 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 Fund is in the process of completing its due diligence after which it may move forward with the definitive agreement and funding the Offering.

The Offering may close in one or more tranches. Books will close the earlier of full subscription to the offering or April 30, 2024.

Subject to the completion of the Offering and Debt Financing, the Company expects the newly available capital to facilitate:
- Inventory replenishment and fulfillment of purchase orders and demand;
- Finalization of product innovation requested by key Foodservice development customers; and
- Initiation of international strategy, including expansion in Asian markets.

The Company is also pleased to announce that Julia Stamberger, Chief Executive Officer of the Company, will be presenting at the 10^th Annual Waste & Environmental Services Symposium hosted by Gabelli Funds, LLC on Thursday, April 4, 2024 at the Harvard Club in New York City. Registration for the symposium is available here.

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 Foodtech-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.

Our award-winning breakthrough brands, including Hope and Sesame Sesamemilk, RightRice High-Protein Veggie Rice, and Mozaics Real Veggie Chips, are not only disrupting global markets but also significantly reducing environmental footprints. Available across the US and Canada in grocery retailers (Whole Foods Market, Sprouts Farmers Markets), through foodservice operators (CAVA Mediterranean restaurants - NYSE: CAVA), and e- commerce and alternative retail channels (Amazon, QVC), our products blend culinary innovation with advanced technology, offering breakthrough products with wide moats. Our products are poised to disrupt global food and beverage categories, make a positive impact on the world, and provide investors with valuable opportunities in the growing sustainable food market.