bettermoo(d) to Raise $10,000,000 at $6.80 per Unit – Eying September Moodrink launch – and Promotes Former Coca-Cola Subsidiary CEO to Chairman, and bettermoo(d) Founder Nima Bahrami as Company’s New CEO

VANCOUVER BC / ACCESSWIRE / MAY 5, 2023 / Bettermoo (d) Food Corporation (CSE:MOOO), (OTCQB:MOOOF), (Frankfurt:0I5A, WKN:A3D8PP) (the “Companies” or “Bettermoo(d Food)“”, is pleased that bettermoo (d) plans on innovating the dairy-alternative markets with its first product launch in September of its now trademarked Moodrink.

Ahead of its highly anticipated first product launch of its product innovation Moodrink by bettermoo (d), the company is pleased announce that they will be seeking to raise $10,000,000 through a private placement without a broker at a price of $6.80 / share.Financing“). The Financing consists of up to 1,470 588 units. Each unit will consist one (1) common share (“Share“), and one (1) warrant to purchase common shares exercisable in 24 month periods at $9.80 each. The Company can pay finders fees to third parties who have helped introduce subscribers to the Financing. All securities issued in connection with the Financing will be subject to a statutory hold period for four-months-and-one-day following issuance in accordance with applicable securities laws.

The Company will use the majority to launch a campaign to advertise the Moodrink. The internationally recognized Company has developed several innovative products based on their claim “What A Cow Eats, And What A Human Needs”.

The Company believes that with more than 20,000 retail samples ordered locally and its unique concept and branding, it will be a leader in the dairy alternative sector. Steve Pear is the new chairman of the company and former Coca-Cola executive. He says that the launch of the product on the West Coast of Canada, which focuses on the home country of our founder, will be a proof-of-concept to the global market. Co-Founder Nima Bahrami who already was featured in Canada’s food & beverage magazine Food In Canada is now taking over the role as the new CEO of the Company as Steve Pear becomes the new Chairman of bettermoo(d).

The bettermoo product line will be a first of its kind, as it will mimic the taste of cow’s milk with only high-quality products. The company has raised over $7 million in funding since its founding during the pandemic. It also recruited international Canadian musician Bryan Adams to be a founding partner while developing new innovations within the dairy industry, such as Moodrink Moogurt, and b(u).

“bettermoo(d)’s awesome team is looking forward to finally launching its highly anticipated Moodrink which got tremendous feedback when we first unveiled our formula at one of Canada’s leading plant-food-exhibitions. As a company, we are committed to not only creating significant shareholder values but also to better products for you. “I can’t wait for this exciting new phase in building our Company to become a leader market player”, states Nima Bahrami, CEO & Co-Founder of bettermoo(d).

BETTERMOO (D) FOOD COMPANY

The bettermoo (d) Food Corporation, a plant-based, dairy alternative company based in Vancouver British Columbia Canada has a well-established, award-winning vegan company in Europe. They also have Moodrink – Mood’s dairy-alternative product that will be available across Canada by the summer of 2023.

Driven by motto “What a Cow Eats, and what A Human Needs” bettermoo (d) strives to produce dairy alternatives products that are good both for people and planet – ensuring all products are nutrient and sustainably sourced. They also want to emulate the great flavor of traditional milk in the Alps regions from Switzerland, France and Austria. The Company, in collaboration with food scientists, aims to develop a line of dairy alternatives that are both better for you and for the environment.

On behalf of the Board of Directors

Steve Pear
Chief Executive Officer and Director
Bettermoo (d) Food Corporation

Please contact us for more information:

Email: [email protected]
Website: www.bettermoo.com
Phone: 1-855-715-1865

The CSE accepts no responsibility for the accuracy or adequacy of this press release.

This news announcement may contain forward-looking statements or forward-looking information, as defined by the securities laws of Canada and the United States, including the United States Private Securities Litigation Reform Act, 1995. Forward-looking statements include all statements other than historical facts, including statements about the commercial production of Moodrink. Forward-looking statements and information are identified by the words “anticipate”, believe”, estimate”, “expect”, target, “plan”, forecast”, “may”, or similar expressions. The Company makes forward-looking statements about future events. While the Company believes that these assumptions and estimates are reasonable, they are still subject to significant economic, political, social, and competitive risks. Forward-looking statements may not reflect the actual results, performance, and achievements. This is due to a number of factors, both known as well as unknown. The Company has no intention, and assumes no obligation, to update forward-looking statements and information to reflect changes to assumptions or to changes in circumstances. Regulations.

SOURCE: Bettermoo (d) Food Corporation

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