(TheNewswire)
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August 30, 2024 – Vancouver, British Columbia – TheNewswire – Right Season Investments Corp. (TSXV: LITT), (“Right Season” or the “Company”) is pleased to announce that it has made a strategic capital investment in bettermoo(d) Food Corporation (“bettermoo(d)”), a plant-based dairy alternatives innovator, acquiring 928,571 units of bettermoo(d) (each, a “bettermoo(d) Unit”) at a price of $0.70 per bettermoo(d) Unit by way of a private placement for an aggregate purchase price of $650,000.
Each bettermoo(d) Unit is composed of one common share of bettermoo(d) and one common share purchase warrant of bettermoo(d) (each common share purchase warrant, a “bettermoo(d) Warrant”). Each bettermoo(d) Warrant entitles the Company to purchase an additional common share (each, a “bettermoo(d) Warrant Share”) of bettermoo(d) at a price of $0.88 per bettermoo(d) Warrant Share for a period of five (5) years from their date of issue.
bettermoo(d) is an innovative dairy alternative company focused on delivering high-quality beverage products and other dairy alternative products to meet the growing demand of the dairy alternative market. bettermoo(d) has made significant strides since Right Season's last investment. The company has developed a proprietary formula for its flagship product, Moodrink™, which offers a nutritional profile comparable to dairy milk. Following the successful commercial production of Moodrink™, bettermoo(d) secured distribution deals with major food brokerage firms, expanding its reach to over 5,000 Canadian retailers and securing listings in more than 450 stores nationwide. The positive consumer response has led to sell-outs and necessitated a second production run to meet demand. At the Planted Expo Toronto in March 2024, Moodrink™'s quality was recognized with a second-place finish for Best Product and the title of Best Dairy Alternative Product, highlighting its market potential and consumer appeal.
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: investor@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 with regards to the expansion of distribution for bettermoo(d) products. 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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