Vancouver, British Columbia--(Newsfile Corp. - September 16, 2022) - Boosh Plant-Based Brands Inc. (CSE: VEGI) (OTCQB: VGGIF) (FSE: 77i) ("Boosh" or the "Company") a premier plant-based brand in the "better for you" food sector, is pleased to announce that it intends to conduct a non-brokered private placement (the "Financing") of 10% secured convertible debentures (the "Convertible Debentures") for total gross proceeds of up to $250,000 (Canadian).

The net proceeds of the Financing will be used for working capital. The Financing of the Convertible Debentures is anticipated to close on or before September 20, 2022 (the "Closing"). It is anticipated that one arm's length subscriber will acquire all of the Convertible Debentures.

The Convertible Debentures will bear interest at 10% per annum, calculated in Canadian dollars, from the date of issuance, payable in arrears quarterly during the first year of the Convertible Debenture term and monthly thereafter and upon maturity or redemption. The Convertible Debentures will mature on the date that is two (2) years from the date of issuance (the "Maturity Date"). The Convertible Debentures will be secured by a general security interest over the Company's assets.

The Convertible Debentures are convertible into common shares ("Common Shares"), at the holder's option, at a price of $0.075 per Common Share (the "Conversion Price"), subject to adjustment in certain events, at any time prior to the Maturity Date.

The Company may redeem, in cash, any or all of the Convertible Debentures at any time prior to the Maturity Date upon not less than five business days prior written notice for an amount equal to the principal amount of the Convertible Debentures plus accrued interest.

No finder's fees are payable in connection with the Financing. The Convertible Debentures and the Common Shares issuable upon conversion of the Convertible Debentures will be subject to a statutory hold period expiring on the date that is four months and one day after Closing.

The securities of the Company have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws and may not be offered or sold in the United States absent registration or an available exemption from the registration requirement of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful.