Purebread Brands Completes Final Debt Settlement Tranche and Adds New Corporate Secretary

Coho Collective Kitchens Inc ( (TSE:BRED) ) has issued an announcement.

Purebread Brands Inc., a fast-casual café and bakery operator based in British Columbia, is pursuing a growth-focused retail strategy across Canada, centered on delivering premium food experiences in community-oriented locations. The company positions itself as a leader in its niche, balancing expansion ambitions with an emphasis on community impact and strong corporate governance.

The company has closed the third and final tranche of its shares-for-debt settlement, issuing 522,894 units at an average of about $0.75 per unit to extinguish $392,048 of outstanding debt, modestly increasing its share count and strengthening its balance sheet. Insider Zamano Holdings Ltd. increased its ownership to just over 11% on an undiluted basis through this transaction, while Purebread also refreshed its governance structure by appointing experienced governance professional Sheryl Dhillon as corporate secretary following the resignation of Bernadette D’Silva.

More about Coho Collective Kitchens Inc

Purebread Brands Inc. operates fast-casual café and bakery locations in British Columbia, with a strategy focused on retail expansion into vibrant communities across Canada and potentially beyond. The company emphasizes crafting high-quality food experiences while aiming to have a positive impact on the local communities it serves through its growing network of café-bakery outlets.

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Technical Sentiment Signal: Sell

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