GREENSPACE ANNOUNCES CEO TO PURCHASE PORTION OF COMPANY'S OUTSTANDING DEBT

Sep 30, 2022

TORONTO, GreenSpace Brands Inc. ("GreenSpace" or the "Company") (TSXV: JTR), a leader within the organic and plant-based food industry, announces that it's President and Chief Executive Officer has entered into a purchase and sale agreement to acquire a portion of the Company's outstanding debt.

Shawn Warren has agreed to acquire approximately $0.2 million in debt of the Company. Under the terms of the purchase and sale agreement, Mr. Warren will take assignment of certain rights and interest in a loan agreement (including certain security granted thereunder) between the Company, as borrower, and Primary Capital Inc. ("Primary"), as the administrative and collateral agent for a syndicate of lenders. Mr. Warren will acquire $168,647.37 of the outstanding principal amount including fees advanced under the loan agreement, plus an additional $58,128.01 in accrued and unpaid interest.

As a result of Mr. Warren's position as the Company's President and Chief Executive Officer, the transaction is a "related party transaction" under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in Sections 5.5(a) and 5.7(1)(a) of MI 61-101 as the Company is listed on the TSXV and neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the transaction, exceeds 25% of the Company's market capitalization (as determined under MI 61-101).

Completion of the transaction is subject to receipt of the approval of the TSX Venture Exchange.

Source : Newswire.ca

Video: WARNING! Rough Start To Breeding Season!!

WARNING! Sheep Breeding Season Begins With A Bang! Breeding season is officially underway at Ewetopia Farms, but it didn’t exactly start the way we planned!

This vlog begins with us sorting through our rams to find the perfect match for a customer’s breeding program. What should have been routine quickly turned dangerous when one of our more nervous rams panicked. In seconds, Arnie’s knee was injured, and then I was slammed hard onto the concrete floor — both of us taken down by one ram!

Thankfully, it was just bruises, but it’s a reminder of how unpredictable and powerful mature rams can be. Once we recovered, it was time to get back to the real work — the start of breeding season.

We sorted the ewes into four breeding groups (two Suffolk and two Dorset), checking parentage as they ran through the chute, deworming those that needed it, and setting aside thinner ewes for session two of breeding season in a month’s time.This staggered approach keeps lambing organized and prevents overcrowding in the barns.

From rogue rams to the excitement of new breeding groups, this episode is full of action. Stay tuned for the next vlog, where we’ll share how we chose the rams for each group!