Planet Based Foods Global Inc. announced that it will receive $49,245 in funding on August 25, 2023. The company will issue 10% unsecured convertible debenture and 5,000 warrants in the transaction. The company will issue securities pursuant to exemption provided under Regulation D. The debentures can be converted into subordinate voting shares at a price of $0.10.

Each Warrant is exercisable into one subordinate voting shares at a price of $0.20 for two years.