Greenspace Announces Debt Extension Extension Agreement with Primary Capital Inc.
TORONTO, September 27, 2021 / CNW / – GreenSpace Brands Inc. (âGreenSpaceâ or the âCompanyâ) (TSXV: JTR), a leader in the organic and plant food industry, announces that it has signed an agreement with Primary Capital Inc. (âPrimary “) to renew its current credit facilities with the Company.
The Company and Primary have agreed to renew the current term loan for an additional year, with the definition of the maturity date being one day after the date on which all of the Company’s obligations to Pivot Financial Inc. are repaid in full. In addition, as part of the renewal review of September 2020, the two parties agreed that the annual fees of $ 37,715 will be paid to Primary and capitalized on current debt.
ABOUT GREENSPACE BRANDS INC. :
GreenSpace is a North American organic and plant-based food company that develops, markets and sells premium food products to consumers in the fast growing natural and organic food categories. GreenSpace owns LOVE CHILD ORGANICS, a producer of 100% organic foods for infants and toddlers made with natural ingredients and rich in nutrients, CENTRAL ROAST, a brand of clean snacks with a wide assortment of mixtures of nuts and seeds organic products and GO VEGGIE, one of the pioneers and leaders in the US plant-based dairy products market. All brands are wholly owned and sold in a variety of online, natural and retail grocery stores.
For more information visit www.greenspacebrands.ca and the GreenSpace files are also available at www.SEDAR.com.
CAUTION REGARDING FORWARD-LOOKING INFORMATION:
This press release includes certain information that may constitute “forward-looking information” under applicable Canadian securities laws. Forward-looking information is necessarily based on a number of estimates and assumptions which, although considered reasonable, are subject to known and unknown risks, uncertainties, some of which are beyond the control of GreenSpace, including, but without limitation, the failure of third parties to comply with their obligations to the Company or its affiliates; the impact of new laws and regulations in force, modifications or application thereof; critical accounting estimates and changes in accounting standards, policies and methods used by the Company; the occurrence of natural and unnatural catastrophic events and claims resulting from such events; and the risks associated with COVID-19, including various recommendations, orders and measures by government authorities in an attempt to limit the pandemic, including travel restrictions, border closures, non-essential business closures, quarantines, self-isolation, shelter in place and social distancing; and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking information, including risks identified in the Company’s information documents. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Therefore, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based on the opinions and estimates of management and on information available to management as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE GreenSpace Brands Inc.
For more information: Please contact: Shawn Warren, President and CEO, GreenSpace Brands Inc., [emailÂ protected], 416-934-5034