Purebread Brands Inc. Further Reduces Liabilities by $3.8 Million

(TSXV:BRED) Purebread Brands Inc. announced the termination of its lease for the commercial kitchen premises located at 1623 Pandora St, Vancouver, BC. The premises were formerly operated by its subsidiary, Coho Collective Kitchens Inc. The company entered into a lease termination and settlement agreement regarding this property. This action is described as further strengthening the company's balance sheet position. The announcement specifies that the lease termination relates to a commercial kitchen. The company refers to the property as being in Vancouver, British Columbia. The subsidiary involved in the operation of the premises is named Coho Collective Kitchens Inc. The company is listed on the TSX Venture Exchange under the ticker BRED. The announcement was made on September 18, 2026. The company describes the action as a positive step for its financial position. No financial figures, settlement amounts, or further terms of the agreement are disclosed in the provided text. No named executives or direct quotes are included in the announcement. No forward-looking statements or projections are present in the provided text.

Purebread Brands Inc. Begins Franchise Expansion, Setting the Stage to Become Canada's Premium Artisan Bakery Brand

(TSXV: BRED) Purebread Brands Inc. announced the opening of its franchise partner program for Purebread bakery & cafe, with initial franchise opportunities available in British Columbia. Purebread currently operates 7 corporate locations generating approximately $14 million in run-rate revenue. The company's long-term plan targets 30 locations and $75 million-plus in revenue within 3 to 5 years, and 100 locations with $250 million-plus in revenue within 10 years. The expansion strategy follows a three-phase approach: corporate-led growth in British Columbia, expansion into new regional markets through joint venture partnerships, and select franchise opportunities in targeted markets. The approach is built on a proven model, refined over 16 years of operations. Christian Bullock, Operating Partner and CEO, leads the transition from founder-led operations to institutional multi-unit growth. The company has already received strong interest from prospective operators in British Columbia.

Purebread Brands Inc. Reports FY 2026 Results

(TSXV: BRED) Purebread Brands Inc. announced its financial results for the year ended March 31, 2026, reporting Adjusted EBITDA of $1.6 million, a 572% improvement from an Adjusted EBITDA loss of $0.3 million in the prior year. Annual gross margin increased to 64%, up from 63% year-over-year, while annual operating expenses decreased 26% year-over-year. Revenue decreased 8% year-over-year from $16.0M to $14.8M due to the closure of certain Coho Commissary Kitchen locations. The company completed debt-to-equity conversion transactions, issuing 4,902,056 common shares and 2,451,028 share purchase warrants to settle $5,211,598 of outstanding debt at a conversion price of $1.25 per unit. Purebread Brands Inc. implemented a 5-for-1 Common Share consolidation to optimize its capital structure. The company projects further profit maximization efforts and plans to rapidly expand its chain size and grow revenue over the next 12 months.

Purebread Brands Inc. Announces Closing of Previously Announced Debt Settlement

Purebread Brands Inc. (TSXV:BRED) announced the completion of its previously announced shares for debt transaction. The company issued 1,579,670 Settlement Units at a price of $1.25 per unit, settling an aggregate indebtedness of $1,974,588. Each Settlement Unit consists of one common share and one-half of a common share purchase warrant, with warrants exercisable at $2.50 per share for three years. All common shares are subject to a four-month hold period. This transaction addresses outstanding debt and may impact the company's capital structure.