Posted by AGORACOM-JC
at 6:01 PM on Friday, April 23rd, 2021
PK Beans is a revenue generating children’s wellness brand that is differentiating itself and super charging growth through great innovation and technology integration.
This is proven by the following:
Canada’s Only Public Company With Predominantly Female Board of Directors
Posted by AGORACOM-JC
at 9:17 AM on Thursday, April 15th, 2021
joined Faire, an online wholesale retail marketplace. Fast Magazine names Faire among “The 10 most innovative retail companies of 2020”.
Fast Magazine names Faire among “The 10 most innovative retail companies of 2020
Faire allows PK Beans to expand their omni-channel business model and have greater exposure and access to 150,000 retailers across North America.
Vancouver, British Columbia–(April 15, 2021) – Peekaboo Beans Inc.https://agoracom.com/ir/PKBeans (CSE: BEAN) (OTC Pink: PBBSF) (“PK Beans” or the “Company”) is pleased to share that they have joined Faire, an online wholesale retail marketplace. Fast Magazine names Faire among “The 10 most innovative retail companies of 2020”.
Faire allows PK Beans to expand their omni-channel business model and have greater exposure and access to 150,000 retailers across North America. Faire marketplace allows for PK Beans to continue to support and maintain all current wholesale relationships, while being able to offer these customers the net terms provided by Faire; providing customers greater breathing room and more incentive to purchase PK Beans; during an otherwise difficult time in retail due to the ever growing and changing impacts of the COVID-19 Pandemic.
“We are excited reach new retailers and support more grassroots retail brands in communities across North America. Faire makes it easy and accessible to reach these business to business customers, and this adds another arm to our omni channel sales model,” states Traci Costa, PK Beans CEO and Founder.
PK Beans also wishes to announce the closing of its previously disclosed private placement of convertible debenture units for total gross proceeds of $110,000 (the “Offering“). The Company raised $110,000 through the issuance of 110 convertible debenture units at a price of $1,000 per convertible debenture unit. Each convertible debenture unit was comprised of one unsecured convertible debenture with a principal amount of $1,000 each and 5,000 common share purchase warrants. Each warrant entitles the holder thereof to acquire on common share of the Company at a price of $0.15 per share until April 9, 2023. The debentures will mature and be repayable on April 9, 2023 and bear interest at a rate of 12% per annum until maturity.
The net proceeds of the Offering will be used for general working capital purposes. The terms of the Offering are further described in the Company’s news release dated April 8, 2021.
All securities issued in connection with the Offering are subject to a statutory hold period expiring on August 10, 2021 in accordance with applicable securities legislation.
Posted by AGORACOM-JC
at 9:15 AM on Thursday, April 8th, 2021
Entered into a share purchase agreement with certain vendors pursuant to which the Company has agreed to acquire 100% of the common shares of Les Petits Terribles Inc.
Acquisition complements its high-quality children’s clothing line, and marks a powerful brand expansion as a leader in total children’s wellness.
Vancouver, British Columbia–(April 8, 2021) – Peekaboo Beans Inc. (CSE: BEAN) (OTC Pink: PBBSF) (“PK Beans” or the “Company”) has entered into a share purchase agreement with certain vendors (the “Vendors“) pursuant to which the Company has agreed to acquire 100% of the common shares of Les Petits Terribles Inc. (the “LPTI Shares“) from the Vendors (the “Transaction“) and launches Private Placement of Convertible Debenture Units.
For PK Beans, the acquisition complements its high-quality children’s clothing line, and marks a powerful brand expansion as a leader in total children’s wellness.
“Healthy, on-the-go snacks and meals are what millennial parents are choosing” states Traci Costa, PK Beans Founder and CEO. “The industry is skyrocketing. Add to that, our sustainable, high-quality clothing and we become the go-to brand in children’s wellness. We believe what kids put into their bodies is as important as what they put on their bodies“.
Led by Chef Benjamin Gagné, LPTI specializes in healthy snacks and easy quick meals for children.
“Our high-protein, wholefood recipes have no added sugar, salt or artificial ingredients. They satisfy parents who want healthy options without compromising taste and convenience”, adds Gagné.
In consideration for the LPTI Shares, the Company has agreed to issue to, or as directed by the Vendors 4,000,000 common shares in the capital of the Company (the “Common Shares“) at an issue price of $0.075 per Common Share.
Completion of the Transaction remains subject to completion of normal closing conditions for a transaction of this nature, including delivery of all closing documents representing the transfer of the LPTI Shares to the Company and related documents. LPTI is the holder of intellectual property rights related to children’s food products, which the Company hopes to utilize as part of an expansion into a new industry segment with children’s lifestyle products, to complement its children’s clothing business.
In connection with the Transaction the Company further announces that it is launching a non-brokered private placement of convertible debenture units (each, a “CD Unit” and collectively, the “CD Units“) to the Vendors for aggregate gross proceeds of up to $110,000 (the “Offering“). The net proceeds of the Offering will be used for general working capital.
Each CD Unit will be offered at a price of $1,000 and will be comprised of one unsecured convertible debenture with a principal amount of $1,000 (each, a “Debenture” and collectively, the “Debentures“) and 5,000 common share purchase warrants of the Company (each, a “Warrant” and collectively, the “Warrants“). Each Warrant will entitle the holder thereof to acquire one Common Share at a price of $0.15 per share for a period of two years from the closing date of the Offering (the “Closing Date“).
The Debentures will mature and be repayable on the date that is two years from the Closing Date (the “Maturity Date“) and bear interest at a rate of 12% per annum until maturity, which will be calculated and payable semi-annually on the last day of June and December in each year. The principal amount of the Debentures and any accrued and unpaid interest will be convertible into Common Shares at a conversion price of $0.10 (the “Conversion Price“). The terms of the Debentures further provide that the Company may from time to time, at the Company’s option, prepay all or part of the principal amount plus accrued and unpaid interest without penalty or bonus.
All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described in this news release in the United States. Such securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and, accordingly, may not be offered or sold within the United States, or to or for the account or benefit of persons in the United States or “U.S. Persons”, as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.
Posted by AGORACOM-JC
at 7:31 PM on Sunday, March 7th, 2021
If you thought PK Beans $BEAN is just a children’s clothes retailer, you’d better think again. Whereas children’s clothes retailers simply stack, rack and sell on volume, $BEAN is bringing the kind of innovation to the space that we once saw from the likes of Apple.
Just as Apple did back in the day, $BEAN is creating a complete experience out of their products that includes the use of Augmented Reality stories with characters that carry great messages while showcasing their products.
More than just a cool idea, $BEAN innovation is creating some eye-popping KPI’s in it’s very early pivot such as:
10,000 customers
62% returning customer rate
$29 on every $1 of ad spend
18,000 + orders in 2020
55% increase in online visitors
$1.5M + in 2020 sales
…. and much more
Beyond Augmented Reality, $BEAN has also incorporated a second-hand resale and sustainable initiative that, combined with the fact it is Canada’s only public company with a board dominated by women, is quickly becoming a great ESG company.
Why is that important? ESG investing (Environmental, social and corporate governance) is a very big trend in the United States, where BEAN is expanding to next!
Watch this incredible interview with BEAN Founder & CEO Traci Costa
Reported significant growth in its online presence:
August 2020 reported a 21% increase in online users and a 247% increase in web conversions; from 249 conversions in August 2019 to 1292 in 2020
Company saw a 292% increase in return on ad spend (ROAS) from 7x in August 2019 to 28x in August 2020.
Resulted in a 373% increase in revenue from ad spend, up from $25,668 to $121,425 in August 2019 and August 2020 respectively.
900% increase of sales on Fall launch day over Fall 2019, of $36,000 and a 25% inventory sell through within the first two weeks
Launched reusable mask program for kids and families selling over 5,000 masks with a 50% gross margin bringing in revenue of $60k.
Clothing Line
Outlook
Significant revenue and EBITDA growth projected in the next 12 months through marketing initiatives and profitability
Powerful low cost omni-channel distribution model that allows for exponential growth
Improving gross margins by reducing our costs through new manufacturing partnerships and product assortment, including our worn wear secondary revenue stream and short term revenue on mask sales
Significant Growth of the second hand market revenue
Establishing loyal customer base and revenue stream
Female Powered Team
Promotional Programs
PKB Explorers Club
Introduced the adventure subscription box “PKB Explorers Club”
Monthly subscription that will extend the Company’s retail apparel brand into children adventure play and media space.
Will enhance the brand and convert the steps taken in marketing into a profitable recurring revenue stream
PK Explorers’ Club allows children to become immersed into a magical storybook world, conceived by Emmy-winning child psychologists.
Each month, children receive a new storybook, with Augmented Reality (AR) components for a balanced digital engagement. In addition, with AR, it includes active play components, such as a dress-up felt board and an adventure map.
PK Replay
Launched a sustainability initiative in store, and online, also known as a second hand resale program called, PK REPLAY.
Provides a 56% margin and repurposed items boast an 86% gross margin for the Company
With the high quality and longevity of PK Beans clothing, being able to offer good quality second hand pieces is perfect for reaching new and long standing customers.
Meanwhile this will keep clothing out of landfills and having a positive impact on the environment.
An economic and environmentally new opportunity for the Company as there is rapid growth in the second hand retail appeal market
Manufacturing
The fabric that PK Beans designs in-house for its playwear apparel are third-party tested to guarantee that it is aligned with OEKO-TEK® Standard 100, an independent testing and certification system for all stages of production from textile raw materials to end products.
The requirement is that all components of an item comply with the required criteria without exception, including the outer material, sewing threads, linings, prints, etc., as well as non-textile accessories such as buttons, zip fasteners, rivets, etc. for harmful substances and sensitivity to skin contact.
In addition, PK Beans conducts its own third-party lab testing to ensure its dying mills are adhering to the Company’s standards that its fabric does not contain harmful levels of heavy metals and other harsh additives that are found in most children’s clothing fabrics and dyes.
PK Beans works closely with its third-party contract manufacturers who adhere to a vendor code of ethics regarding social and environmental sustainability practices.
PK Beans relies on a limited number of suppliers to provide custom designed fabrics and follows the production of its apparel from raw fiber to finished garment.
Posted by AGORACOM-JC
at 9:10 AM on Thursday, October 22nd, 2020
Reports significant increase in sales year over year for September 2020
Company saw a 42% increase in sales for the month when compared to September 2019, coinciding with a 68% increase in web traffic and an 80% increase in orders
Also reports that 71% of the months’ sales is a result of direct traffic; indicating customers actively seeking to shop PK Beans directly
Vancouver, British Columbia–(October 22, 2020) – Peekaboo Beans Inc. (CSE: BEAN) (OTCQB: PBBSF) (“PK Beans” or the “Company”), a responsible and innovative children’s apparel brand, is pleased to report significant increase in sales year over year for September 2020. The Company saw a 42% increase in sales for the month when compared to September 2019, coinciding with a 68% increase in web traffic and an 80% increase in orders. The Company also reports that 71% of the months’ sales is a result of direct traffic; indicating customers actively seeking to shop PK Beans directly.
These numbers are further indicators of PK Beans recent launch of Fall 2020 Styles, their first collection launched with their ‘PK Beans’ rebrand. These styles for baby, boy and girl have proven to be a strong collection for the company.
Additionally, PK Beans would like to announce that it has entered into debt settlement agreements with certain parties (the “Creditors“) to settle an aggregate C$98,916.65 in debt (the “Debt“). In settlement of the Debt, the Company will issue an aggregate of 1,978,333 common shares in the capital of the Company (the “Debt Shares“) at a deemed price of C$0.05 per Debt Share (the “Debt Settlement“).
The Creditors include an officer who will receive 770,000 common shares in settlement of accounting services and an officer who will receive 1,020,833 common shares in settlement of accrued payroll. The issuance of Shares to these officers constitutes a “related party transaction” as this term is defined in Multilateral Instrument 61-101 – Protection of Minority Securityholders in Special Transactions (“MI 61-101”). The Company is relying on the exemption from valuation requirement and minority approval pursuant to subsection 5.5(a) and 5.7(a) of MI 61-101, respectively, as the securities do not represent more than 25% of the Company’s market capitalization, as determined in accordance with MI 61-101. The participation by the director in the Shares for Debt Settlement was approved by directors of the Company who are independent in connection with such transactions.
All securities issued in connection with the Debt Settlement are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.
Closing of the Shares for Debt Settlement is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the Canadian Securities Exchange.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described in this news release in the United States. Such securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“), or any state securities laws, and, accordingly, may not be offered or sold within the United States, or to or for the account or benefit of persons in the United States or “U.S. Persons”, as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.
About Peekaboo Beans Inc.
PK Beans is an innovative children’s apparel brand with a focus on environmentally responsible clothes that are intentionally designed to inspire play. Through an omni-channel approach, Peekaboo Beans engages sellers through social platforms, including Instagram and Facebook, as well as online retailers, to maximize revenue and build brand loyalty. The Company works to promote a playful lifestyle for children by designing comfortable clothes that are built to last.
On behalf of the Board of Directors, Peekaboo Beans Inc.
Ms. Traci Costa, President and CEO (604) 279-2326
For more information, please contact the Company at: [email protected] 1-604-279-2326
Reader Advisory
This news release may include forward-looking information that is subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward-looking. Although the Company believes the expectations expressed in such forward-looking information are based on reasonable assumptions, such information is not a guarantee of future performance and actual results or developments may differ materially from those contained in forward-looking information. Factors that could cause actual results to differ materially from those in forward-looking information include, but are not limited to, fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing and general economic, market or business conditions. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
NOT FOR DISTRIBUTION TO US NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Posted by AGORACOM-JC
at 1:48 PM on Thursday, October 15th, 2020
Peekaboo Beans’ Chief Executive Officer and President, Traci Costa, is scheduled to present on Thursday, October 15th at 2:30 PM EST. Ms. Costa will also be fielding investor questions during the one-day virtual conference hosted by Gravitas Securities Inc. “I am looking forward to sharing our growth strategy with investors at the Gravitas Technology and Diversified Investor Day,” said Ms. Costa. “With the success of our recently launched rebranded fall collection, the Gravitas Technology and Diversified Investor Day is an ideal venue to communicate our progress to investors.”
This year’s Gravitas Technology and Diversified Investor Day will feature several leaders in Technology and Diversified industries and will be attended virtually by institutional and retail investors from North America and abroad. For additional details about the conference and Gravitas Securities Inc., please visit: www.gravitassecurities.com
Conference Details:
Event: Gravitas Technology and Diversified Investor Day (virtual)
