Blender Bites Limited announced that further to its November 9, 2023 press release, Blender Bites (Holdings) Limited, has entered into a definitive agreement with Export Development Canada (EDC) for a term loan credit facility of up to $2,000,000 (the Facility). The Facility is now available to the company and will be used to support the company?s operations and the enhancement of the company?s brand presence in the United States. The Facility is available in three drawdowns within the next six-months, with interest only payments for the first 12-months.

Principal payments become due on 20th day of the 13th month following the first advance under the Facility and will be made in 60 consecutive monthly installments. The Facility is secured by a security interest over the assets of Blender Bites (Holdings) Ltd. and is guaranteed by the Company and Blender Bites US Ltd. The Facility bears interest at the Canadian prime rate plus 4.00% per annum and is subject to financial covenants.