Planet Based issues 5.71M debt shares to Baron

Executive Summary

• Baron Global Financial Canada Ltd., a company where David Eaton serves as a director, acquired 5,714,285 subordinate voting shares in Planet Based Foods Global Inc.
• The acquisition was executed to settle $300,000 in outstanding indebtedness owed by Planet Based Foods Global Inc. to Baron Global Financial Canada Ltd.
• Following the transaction, Baron Global Financial Canada Ltd. beneficially holds approximately 16.14% of the issuer's issued and outstanding subordinate voting shares (rising to 16.66% when including Mr. Eaton's personal holdings).

Key Details

• Acquirer: Baron Global Financial Canada Ltd.
• Issuer: Planet Based Foods Global Inc.
• Date of Acquisition: August 28, 2025
• Shares Acquired: 5,714,285 subordinate voting shares.
• Consideration: Settlement of bona fide debt in the aggregate amount of $300,000.
• Pre-Transaction Holdings: Baron Global Financial Canada Ltd. held no securities; Mr. Eaton held 214,200 subordinate voting shares (negligible voting interest).
• Post-Transaction Holdings: Baron Global Financial Canada Ltd. holds 5,714,285 shares, representing approximately 16.14% of the issued and outstanding subordinate voting shares.
• Total Voting Interest: Approximately 16.66% when combining Baron Global Financial Canada Ltd.'s holdings with Mr. Eaton's personal holdings.
• Insider Status: Mr. Eaton is an insider of the issuer by virtue of his appointment as a director of the issuer.
• Future Intent: The acquiror reserves the right to acquire additional shares or other securities in the open market or otherwise, and reserves the right to dispose of any or all securities at any time.
• Regulatory Filing: Filed pursuant to National Instrument 62-104 and National Instrument 62-103 early warning requirements.