Holy Cow Foods, Inc. (TSE:NGRB) has released an update.
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NextGen Food Robotics Corp. has awarded its CEO, Paul Rivas, 2,527,775 restricted share units (RSUs) as part of an incentive plan, with the RSUs vesting over 18 months. This move, viewed as a related party transaction, falls under exemptions for formal valuation and minority approval requirements due to its proportion to the company’s market capitalization. NextGen, known for operating commissary kitchens and developing an AI-powered food app, emphasizes the transaction aligns with their ongoing business strategies.
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