Vancouver, British Columbia — January 14, 2026 — Leads & Copy —
Purebread Brands Inc. (TSXV: BRED) has announced a debt settlement agreement to convert $1,974,588 of outstanding debt into 1,579,670 units of the company at $1.25 per unit. Each unit will consist of one common share and one-half of a common share purchase warrant.
The warrants can be used to acquire common shares of the company at $2.50 per share for three years from the issuance date. The creditor is expected to become an insider of the company after the debt settlement, according to Canadian securities laws and TSX Venture Exchange policies.
The debt settlement requires approval from the TSX Venture Exchange. Securities issued will be subject to a four-month hold period from the issuance date, following Canadian securities laws, and may be subject to other restrictions under securities laws outside of Canada.
Purebread Brands also announced the completion of a shares for debt transaction, as previously announced on January 6, 2026. The company issued 532,322 common shares at $1.25 per share to settle US$484,000 (C$665,403.20) in outstanding debt.
Before the issuance of settlement shares, the company had 27,566,263 common shares outstanding. After the issuance, there are 28,098,585 common shares outstanding. These settlement shares are also subject to a four-month hold period.
Purebread Brands Inc. is a cafe and bakery leader in British Columbia, focused on retail expansion across Canada and beyond.
Amrit Maharaj is the Interim Chief Executive Officer of Purebread Brands Inc.
Contact info@purebread.ca for more information.
Source: Purebread Brands Inc.
