Mr. Nima Bahrami reports

BETTERMOO(D) ANNOUNCES CLOSING OF FINAL TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

Bettermoo(d) Food Corp. has closed the final tranche of its previously announced non-brokered private placement through the issuance of 320,000 units at a price of $1.57 per unit for gross proceeds of $502,400. Each unit consists of one share and one transferable share purchase warrant. Each warrant entitles the holder thereof to purchase one additional share of the company for a period of five years from issuance at a price of $1.96 per warrant share.

The net proceeds from the private placement will be used for working capital and general corporate purposes of the company.

On closing of the second tranche, the company issued 6,400 shares of the company to Amalfi Corporate Services Ltd., in consideration for administrative services rendered in connection with the private placement. The first tranche closed on Jan. 31, 2024, and consisted of the distribution of 127,694 units for gross proceeds of $200,478 and issuance of 2,554 administrative shares of the company to Amalfi in consideration for administrative services rendered in connection with the private placement. No other finders' fees or commissions were paid in connection with completion of the private placement. Amalfi is a private company controlled by Geoff Balderson. Mr. Balderson serves as chief financial officer, corporate secretary and a director of the company.

The issuance of the administrative shares to Amalfi is considered to be a related party transaction as defined under Multilateral Instrument 61-101. The company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the administrative shares issued to Amalfi does not exceed 25 per cent of the market capitalization of the company, as determined in accordance with MI 61-101.

Pursuant to applicable securities laws, all securities issued under the second tranche are subject to a statutory hold period until July 2, 2024.

About Bettermoo(d) Food Corp.

Bettermoo(d) Food is an innovative plant-based dairy alternative food and beverage company based in Vancouver, B.C., Canada, launching Moodrink, a nutritious dairy-alternative beverage with a revolutionary flavour. Moodrink includes a blend of herbs and flowers similar to what cows ate, before the time of mass livestock production. Like rich dairy products, Moodrink contains added healthy plant fats and vitamins, so consumers do not miss out. The Moodrink is just the beginning of the revolution for the Vancouver-based dairy-alternative company, Bettermoo(d).

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