Subject: Right Season Investments Corp (TSXV: LITT) Press Release for Immediate Dissemination
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Right Season Applauds bettermoo(d) Food Corporation for Moodrink(TM)'s Sell-Out Performance in Select Canadian Stores Following Products Recent Nationwide Launch
February 27, 2024 - Vancouver, British Columbia - Right Season Investments Corp. (TSXV: LITT), ("Right Season" or the "Company") is pleased to announce that one of its portfolio companies, bettermoo(d) Food Corporation, has achieved a remarkable sell-out performance for its flagship product, Moodrink(TM) (the "Product"), in select stores in Canada, following the Product's highly anticipated nationwide launch (see bettermoo(d)'s press release dated February 2, 2024). The Company applauds bettermoo(d) for their exceptional efforts and the successful market introduction of Moodrink(TM), which has quickly resonated with Canadian consumers and exceeded bettermoo(d)'s sales expectations.
On February 16, bettermoo(d) announced a significant achievement for Moodrink(TM), which has sold out due to strong consumer demand in select independent and retail chain stores in Canada (see bettermoo(d)'s press release dated February 16, 2024). This success prompted immediate reorders to restock Moodrink(TM) on shelves, signifying consumer acceptance and positive reception for the Product. Following this achievement, bettermoo(d) also announced on February 20, 2024, the complete sell-out of Moodrink(TM) in select Ontario stores of a leading global natural and organic foods retailer (see bettermoo(d)'s press release dated February 20, 2024). This subsequent sell-out further underscores the mounting interest in Moodrink(TM) and validates its market appeal, highlighting bettermoo(d)'s ongoing momentum in capturing the attention of health-conscious Canadians. These consecutive sell-outs not only indicate growing popularity for Moodrink(TM) but also reinforce its potential to play an influential role in reshaping the plant-based dairy alternative sector.
In response to the strong consumer interest and remarkable sell-out performance for the Product, bettermoo(d) recently announced on February 23, 2024 (see bettermoo(d)'s press release dated February 23, 2024), that it is planning to conduct a second commercial production run to enable retailers offering Moodrink(TM) to replenish their shelves as inventories deplete, maintaining a steady supply for consumers.
"We have been closely following bettermoo(d)'s journey for quite some time and are extremely pleased with their achievements to date. Their remarkable progress, from developing Moodrink(TM) to perfection, launching the Product and finally selling out on shelves, are all demonstrations of their innovation and dedication to be the best there is in the market. We believe bettermoo(d) has a bright future ahead, and expect them to continue making significant strides in the plant-based food sector," stated Tyler Lewis, CEO of Right Season.
The company also announces that it has retained Independent Trading Group (ITG), Inc. ("ITG") to provide market-making services in accordance with TSX Venture Exchange ("TSXV") policies pursuant to a market making services agreement between the Company and ITG dated effective February 26, 2024 (the "ITG Agreement").
ITG will trade shares of the Company on the TSXV with the objective of contributing to market liquidity of the Company's shares. Under the terms of the ITG Agreement, ITG will receive compensation of $6,000 per month. ITG will not receive shares or options as compensation. However, ITG and its clients may have or may acquire a direct interest in the securities of the Company. Right Season and ITG are unrelated and unaffiliated entities. ITG is a member of the Canadian Investment Regulatory Organization. The capital and securities required for any trade undertaken by ITG as principal will be provided by ITG. The ITG Agreement is for an initial term of one month and shall be automatically renewed for subsequent periods of one month unless terminated earlier by 30 days notice.
The Company also announces that it has entered into an amended and restated investor relations agreement with BullVestor Medien GmBH ("BullVestor"), and its general manager, Helmut Pollinger dated February 15, 2024 (the "Amended Agreement") amending certain terms of the original investor relations agreement previously announced on August 14, 2023 (the "Original Agreement"). The Amended Agreement provides for, among other things, an extension of the original term until the earlier of (i) the balance of the budget is fully utilized, and (ii) the Amended Agreement is terminated pursuant to the terms therein.
About Right Season Investments Corp.
Right Season Investments Corp. is a Canadian Venture Capital, Investment and Advisory Firm that strives to actively drive innovation and accelerate growth for its shareholders. Right Season invests capital into private and public companies that offer excellent growth opportunities.
Contact:
Tyler Lewis, Director and CEO
Email: Tyler@rightseasoninvestmentscorp.com
Cautionary and Forward-Looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
This news release contains "forward-looking information" within the meaning of applicable securities laws, including statements regarding future production of the Product and services to be provided by ITG. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking information. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance and developments to differ materially from those contemplated by these statements depending on, among other things, that the Company's plans and prospects will vary from those stated in this news release and that the Company may not be able to carry out its business plans as expected. Except as required by law, the Company expressly disclaims any obligation and does not intend to update any forward-looking statements or forward-looking information in this news release. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Accordingly, readers should not place undue reliance on forward-looking information. The statements in this news release are made as of the date of this release.
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