Israeli, Canadian companies ink innovative financing arrangement.
Canadian plant-based food developer Plantify Foods Inc. announced the completion of a private placement of convertible debt with Save Foods Inc., a deal first announced last week.
The $1.5-million financing deal gives Tel Aviv, Israel-based Save Foods more than 30 million common shares of Plantify Foods, representing 19.99% of the Vancouver, B.C.-based company’s common stock, Plantify said in a news…
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