The Planting Hope Company Inc. Announces Application for Voluntary MCTO

CHICAGO, IL and VANCOUVER, BC / ACCESSWIRE / April 26, 2024 / The Planting Hope Company Inc. (TSXV:MYLK)(OTCQB:MYLKF)(FRA:J94) ("Planting Hope " or the "Company") announces that it has proactively applied for a voluntary management cease trade order (the "MCTO") with the British Columbia Securities Commission, which will cause delays to the filing of the Company's annual financial statements and accompanying management's discussion and analysis for the fiscal year ended December 31, 2023 (the "Required Filings").

Reasons for the anticipated delay include delays in finding and hiring a new Chief Financial Officer of the Company, as well as delays resulting from the newly appointed Chief Financial Officer of the Company taking the time to properly review and prepare annual financial statements for the fiscal year ended December 31, 2023. The Company is working diligently with its auditors to resolve this matter as quickly as possible.

The Company currently expects to file the Required Filings on or before June 28, 2024, and will issue a press release announcing completion of such filings once completed. Until the Company files the Required Filings, it will comply with the alternative information guidelines set out in National Policy 12-203 - Management Cease Trade Orders. These guidelines require the Company to issue bi-weekly default status reports by way of a press release during the period of the MCTO.

The MCTO only restricts the Chief Executive Officer and Chief Financial Officer of the company from all trading in securities of the Company until such time as the Required Filings have been filed by the Company and the MCTO has been lifted. The MCTO does not affect the ability of other shareholders of the Company to trade in securities of the Company.

About The Planting Hope Company Inc.
Planting Hope is reimagining and reinventing food today so that our planet can feed 10 billion people tomorrow. A Foodtech-driven company at the forefront of sustainable consumer food and beverage evolution, Planting Hope transforms nutrient-dense, widely cultivated crops into innovative, nutrient-rich products that reimagine pantry staples in the largest, fastest-growing global food categories.

Our award-winning breakthrough brands, including Hope and Sesame Sesamemilk, RightRice High-Protein Veggie Rice, and Mozaics Real Veggie Chips, are not only disrupting global markets but also significantly reducing environmental footprints. Available across the US and Canada in grocery retailers (Whole Foods Market, Sprouts Farmers Markets), through foodservice operators (CAVA Mediterranean restaurants - NYSE: CAVA), and e-commerce and alternative retail channels (Amazon, QVC), our products blend culinary innovation with advanced technology, offering breakthrough products with wide moats. Our products are poised to disrupt global food and beverage categories, make a positive impact on the world, and provide investors with valuable opportunities in the growing sustainable food market.