Modern Plant-Based Foods Enters Pet Food Market With Acquisition of AnimalKind
Modern Plant-Based Foods Inc. (CSE: MEAT), a Vancouver-based company specializing in plant-based food products, has announced the completion of its acquisition of AnimalKind, a plant-based pet food company headquartered in Richmond, British Columbia. Through this acquisition, Modern Plant-Based Foods is expanding into the plant-based pet food sector, diversifying its portfolio beyond human food products. The acquisition of AnimalKind was finalized through the purchase of all outstanding securities of 1471394 B.C. Ltd., the company operating under the AnimalKind brand. AnimalKind’s product line includes sustainably sourced, plant-based treats for pets, such as blueberry, apple, and pumpkin treats for dogs. According to the Share Exchange Agreement terms, Modern Plant-Based Foods issued a total of 4 million common shares to AnimalKind’s shareholders. Each share was valued at $0.20, for …
