Planet Based Foods shifts to agri-tech, sustainability

Executive Summary

• Planet Based Foods Global Inc. (PBFG) announced a fundamental transformation of its business model, shifting from consumer-packaged food products to a dual-division structure focused on agri-tech and sustainable supply chains.
• The company completed a comprehensive restructuring to strengthen its balance sheet, which included the divestment of its former US consumer packaged goods subsidiary and the return of over 1.4 million shares to treasury.
• PBFG now operates through two distinct divisions: PBF Tech (climate-adaptive technologies and agri-tech solutions) and PBF Trade (building inclusive, sustainable supply chains connecting producers to global markets).

Key Details

• Strategic Shift: Repositioning from consumer-packaged goods to the intersection of agriculture, technology, and sustainability, focusing on food security, smart AI tech, and resilient supply chains.
• Financial Restructuring:
  • Divestment of the former United States consumer packaged goods subsidiary.
  • Return of over 1.4 million shares to treasury.
  • Addition of a revitalized leadership team and board of directors.
• New Operational Structure:
  • PBF Tech: Deploys climate-adaptive technologies and agri-tech solutions to improve efficiency, reduce waste, and build resilience in global food and supply systems.
  • PBF Trade: Builds inclusive, sustainable supply chains by connecting producers (often women-led co-operatives) into high-value global markets.
• Future Focus Areas:
  • Food Security: Ensuring reliable access to safe, nutritious food through innovation and partnerships.
  • Climate Action: Integrating sustainable practices to reduce waste and environmental impact.
  • Canadian Collaboration: Developing partnerships with indigenous communities and provincial/federal Canadian governments.
• Upcoming Events: A shareholder connection webinar is scheduled for September 16, 2025, to discuss the transformation and answer shareholder questions.

Notable Quotes

• "Our vision is bigger than any single product," said Claire Skillen, president and chief executive officer of Planet Based Foods. "We are building a purpose-led company designed to bridge innovation and agriculture in ways that create long-term value for shareholders while driving positive impact for communities and the environment. PBFG is ready for its next chapter."