Plant Veda Foods Ltd. (CNSX:MILK) entered into a Share Purchase Agreement to acquire Nora's Non-Dairy Ltd on December 5, 2022. As consideration of the Share Purchase, Plant Veda will issue CAD 300,000 worth of shares to Nora's shareholders based on the average traded price of the Company's common shares on the CSE over the preceding 20 days from the closing date of the transaction. All of the Payment Shares will be subject to a 3 year contractual hold period in addition to resale restrictions required under applicable securities laws in Canada.

Plant Veda will also assume the Line of Credit liability of CAD 150,000 with Farm Credit Canada. At the time of closing Plant Veda will review the latest working capital and may adjust the issuance of stock if there is any variance with the expected working capital.