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Plant Veda Announces $1,000,000 Convertible Loan And $225,000 Financing

Apr 22, 2022•over 3 years ago

Amount Raised

$225,000

Round Type

pre-seed

Vancouver

Description

Plant Veda Foods Ltd. (CSE:MILK) (OTC:PLVFF) (XFRA:A3CS6B) (the “Company” or “Plant Veda”), an award-winning dairy-alternative food manufacturer, announces it has entered into a loan agreement (the “Loan Agreement”) for a loan in the aggregate amount of $1,000,000 (the “Loan”) with a private lender (the “Lender”).

Company Information

Company

Plant Veda

Location

Vancouver, Washington, United States

About

If the Company defaults on its obligation to repay the principal or to make an interest payment under the Loan Agreement, any outstanding principal will commence accruing interest at the default rate of 20% per annum, compounding monthly.

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