Modern Plant Based Foods Inc (CSE:MEAT) signed a definitive agreement to acquire Sausageless Food Company Inc. on September 23, 2022. The consideration includes an aggregate of 8,571,428 common shares and an aggregate of 8,571,428 share purchase warrants at a deemed price of CAD 0.35 per warrant, with each warrant exercisable to acquire one common share at an exercise price of CAD 0.06 per share until July 5, 2023. The transaction is subject to certain conditions precedent, and compliance with applicable Canadian Securities Exchange policies. The transaction neither constitutes a fundamental change nor a change of business for Modern Plant Based Foods, nor has it resulted in a change of control of Modern Plant Based Foods within the meaning of applicable securities laws and the policies of the Canadian Securities Exchange. Sausage-less has no long-term debt.

Modern Plant Based Foods Inc. (CNSX:MEAT) completed the acquisition of The Sausage-Less Food Company Inc. on September 30, 2022.