Better For You Wellness Files Form D for Phased Private Placement of Common Stock

Executives and Independent Directors of the Company Have Already Participated in the Above-Market Offering at $0.12384 Per Share

Columbus, Ohio–(Newsfile Corp. – December 15, 2021) – Better For You Wellness, Inc. (OTC Pink: BFYW) (“Better For You Wellness” or the “Company”), an Ohio-based company focused on the rapidly-growing $1.5T wellness industry, is pleased to announce that, in addition to the recently disclosed Equity Purchase Agreement and Registration Rights Agreement with Williamsburg Venture Holdings, LLC (“WVH”), the Company has filed its Form D with the Securities and Exchange Commission (“SEC”) in connection with a phased fundraising of up to $1,000,000 USD in a Private Placement Offering of restricted Common Stock to to investors who qualify as “accredited investors,” as that term is defined in Regulation D of the Securities Act of 1933.

The purpose of this phased Private Placement Offering is to bolster the Better For You Wellness balance sheet as it works towards finalizing and closing the acquisitions contemplated in the Company’s three previously announced Letters of Intent with Ironwood Clay Co., Mary Louise Cosmetics, and Cannuka.

“I’m excited to have already participated in the Private Placement Offering alongside Stephen Letourneau, other members of the Company’s Board of Directors, and more esteemed investors,” commented Ian James, Chief Executive Officer of Better For You Wellness. “The price of $0.12384 per restricted Common Share represents a slightly higher than 78% premium to the closing price of BFYW on Tuesday, December 14th, 2021 and further underscores management’s belief and confidence in our business plan. Furthermore, I believe that the Company’s share price in the open market as of late has not been indicative of its true potential value.”

For more details, please refer to the Company’s Form D filed with the Securities and Exchange Commission at https://www.sec.gov.

About Better For You Wellness, Inc.

Better For You Wellness, Inc. (OTC Pink: BFYW) is a Columbus, Ohio-based Company that is pursuing a dual buy-and-build model within the wellness industry. Better For You Wellness, Inc., through its wholly-owned subsidiary, builds and operates digitally-native, mission-driven brands within the clean beauty sector, including Better Suds. Better For You Wellness, Inc. is also under LOI to acquire three different companies within the clean and natural beauty category. Learn more at https://BFYW.com.

Contact:

Better For You Wellness, Inc.
Ian James, CEO
investors@bfyw.com

Forward-Looking Statements

This press release may contain forward-looking statements that involve risks and uncertainties. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology including “could,” “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential” and the negative of these terms or other comparable terminology. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested in this report. Except as required by applicable law, we do not intend to update any of the forward-looking statements so as to conform these statements to actual results. Investors should refer to the risks disclosed in the company’s reports filed with SEC (https://www.sec.gov/).

Disclaimer

The distribution of this press release and the offer and sale of the securities mentioned herein may be restricted by law in certain jurisdictions and persons into whose possession of this document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. The securities have not been and are not being offered to the public in any jurisdiction and may not be offered to the public in any jurisdiction in circumstances which would require the preparation or registration of any prospectus or offering document relating to the securities in such jurisdiction. This press release is not an offer of securities for sale in any jurisdiction. Neither this press release nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or purchase whatsoever in any jurisdiction and shall not constitute or form part of an offer to sell or the solicitation of an offer to buy any securities in the United States of America or in any other jurisdiction. The information contained in this press release is for background purposes only and does not purport to be full or complete and no reliance may be placed by any person for any purpose on the information contained in this announcement or its accuracy, fairness or completeness.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/107698