공시 • Nov 30
PlantFuel Life Inc. Announces CEO Changes PlantFuel Life Inc. announced the appointment of Mr. Tony Qian as its new Chief Executive Officer, effective immediately. With a rich background in the health and wellness supplements sector, Mr. Qian brings a track record of innovative leadership and substantial growth achievements to PlantFuel Life Inc. Mr. Qian is a visionary entrepreneur with profound expertise in the health and wellness supplements sector. His leadership in founding a highly successful e-commerce company in 2019 showcases his passion for the industry. Under his strategic direction, the company swiftly escalated from inception to achieving impressive revenue growth, surpassing the seven-figure mark within the first year. This achievement underscores Mr. Qian's ability in scaling businesses and driving financial success. A key aspect of his success lies in his innovative approach to product development and marketing within the dynamic health supplements market. Mr. Qian has not only created and developed a range of retail products in the health sector but has also masterminded the complete rebranding and launch of a brick-and-mortar store. His efforts have significantly boosted revenues and solidified consumer loyalty, demonstrating his skill in revitalizing and growing retail brands. Mr. Qian's ability to reformulate business strategies and products to better align with market demands and consumer preferences is particularly noteworthy. His insights into customer needs and market trends have been instrumental in the continual adaptation and evolution of retail products, ensuring they remain at the forefront of the health and wellness industry. His combination of creative vision, business acumen, and proven track record in substantially increasing revenues in the retail health and wellness sector is invaluable. As he brings these skills and experiences to Plant Fuel, Mr. Qian is poised to greatly enhance the company's trajectory and cement its position as a leader in the industry. His forward-thinking approach and ability to transform business models and products promise to drive the future success of Plant Fuel, making a significant impact in the health and wellness retail space. The company also extends heartfelt due to Mr. Connor Yuen, who has stepped down as CEO. His contributions to navigating through this pivotal change have been instrumental to the company. 공시 • Nov 15
PlantFuel Life Inc. (CNSX:FUEL) completed the acquisition of all of the issued outstanding shares of Amplify Nutrition Inc. PlantFuel Life Inc. (CNSX:FUEL) entered into a share exchange agreement to acquire all of the issued outstanding shares of Amplify Nutrition Inc. on September 15, 2023. In connection with the Acquisition, the Company acquired the Amplify Shares from the Vendors for an aggregate purchase price of CAD 950,000, which was paid through the issuance of 14,615,384 common shares of PlantFuel. Closing of the Acquisition is subject to the satisfaction of customary closing conditions. The Company expects the Acquisition to close in September 2023.
PlantFuel Life Inc. (CNSX:FUEL) completed the acquisition of all of the issued outstanding shares of Amplify Nutrition Inc. on November 14, 2023. New Risk • Jun 14
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 165% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.4m free cash flow). Share price has been highly volatile over the past 3 months (50% average weekly change). Negative equity (-CA$2.5m). Earnings have declined by 60% per year over the past 5 years. Shareholders have been substantially diluted in the past year (165% increase in shares outstanding). Revenue is less than US$1m (CA$616k revenue, or US$462k). Market cap is less than US$10m (US$434.0k market cap). 공시 • Feb 01
PlantFuel Life Inc. announced that it has received CAD 0.198 million in funding On February 1, 2023, PlantFuel Life Inc. closed the transaction. The company has issued 198 convertible debentures at a price of CAD 1,000 per convertible debenture for gross proceeds of CAD 198,000. 공시 • Jan 22
PlantFuel Life Inc. Launches 10 New Products At GNC PlantFuel Life, Inc©. has officially announced the launching of 10 SKUs at GNC in February. The plant-based wellness industry is booming. As the company begin to target the $53 billion active lifestyle consumer, the company is confident about strategy that blurs the line between sports nutrition and wellness lifestyles. PlantFuel is at an inflection point for massive growth. Consumer demand for plant-based, protein packed, clean ingredient offerings is rising with no end in sight. PlantFuel is launching ten new SKUs: Athlete's Superfood delivers the essential phytonutrient equivalents of three servings of fruits and vegetables, bioavailable magnesium, plus a revolutionary blend of probiotics and prebiotic fiber along with performance mushrooms and clinically proven, plant-based nutrients. It includes the clinically proven, branded ingredients PeakO2®, Phytoserv® Fruit and Veggie, Capros®, PrimaVie®, PurpleForceTM, Magnesium (as TRAACS®). The initial flavor offerings include cucumber lime, citrus, and dragon fruit. Performance Pre-Workout sets the new category standard by featuring ingredients clinically proven to target all aspects of your workout, including increasing energy and focus, reducing fatigue, lactic acid buildup, improving blood flow, nitric oxide, muscular endurance, and ultimately increasing total training volume. It includes clinically proven ingredients PeakO2®, CITRAPEAK®, CognatiQ®, BetaPower®, and Aquamin®. The initial flavor offerings include fruit punch, watermelon, and blue raspberry. Clean Mass Gainer is a revolutionary vegan mass gainer utilizing clinically researched ingredients and strategically calculated macronutrients, including low-glycemic carbohydrates to support increased strength, size, recovery, and athletic performance. It includes clinically proven ingredients Velositol®, Clean Cream®, and Carb10®. The initial flavor offerings include chocolate and vanilla. All-in-One Recovery provides vegan fermented BCAAs as InstAminos® with essential amino acids as vegan Amino9® plus vegan fermented creatine and BetaPrime® to reduce soreness and recovery time and optimize muscle protein synthesis. The initial flavor offerings include berry breeze and strawberry kiwi. 공시 • Jan 19
PlantFuel Life Inc. announced that it expects to receive CAD 1 million in funding PlantFuel Life Inc. announced a non-brokered private placement of up to 1,000 convertible debentures at a price of CAD 1,000 per convertible debenture for gross proceeds of up to CAD 1,000,000 on January 18, 2023. Each Convertible Debenture will consist of principal amount of CAD 1,000 for a term of twenty-four months, maturing on the date that is the second anniversary of the first date that the convertible debentures are issued and 6,250 transferable common share purchase warrants which will bear an interest rate of 13% accruing annually and paid semi-annually in cash or common shares of the company. Each warrant will entitle the holder to purchase one additional share of the company at an exercise price of CAD 0.20 per warrant share until 4:00 p.m. for 36 months from the closing date of the transaction, provided that in the event that the closing price of the company’s shares on the Canadian Securities Exchange is CAD 0.30 or greater per share during any ten consecutive trading day period at any time subsequent to four months and one day after the closing date. At or prior to the maturity date, the principal of the convertible debentures may be converted at the option of the holder into shares of the company at a deemed price and conversion rate of CAD 0.08 per share. All securities issued pursuant to the transaction will be subject to a four month hold period pursuant to securities laws in Canada. Finder’s fees may be payable to qualified parties in accordance with securities laws in Canada and the Policies of the CSE.