VANOUVER, British Columbia – TheNewswire – February 5, 2020- MYM Nutraceuticals Inc., (CSE: MYM) (CNSX:MYM.CN) (OTC:MYMMF) (“MYM” or the “Company”) announces that the Company has agreed a shares for debt transaction whereby the Company issued 498,018 common shares of the Company (” Shares “) at a deemed price of $0.105 per Share pursuant to certain employment and consulting agreements that contain provisions for the issuance of Shares as part of the compensation (the ” Transaction “).
All S hares issued in connection with the Transaction are subject to a minimum four-month hold period as required by Canadian securities laws. The Transaction is subject to approval of the Canadian Securities Exchange (the ” CSE “).
As certain insiders participated in the Transaction, it is considered to be a “related party transaction” as defined under Multilateral Instrument 61-101 (” MI 61-101 “). The transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the securities to be distributed in the Transaction in so far as the Transaction involves the insiders, exceeds 25% of the Company’s market capitalization.
About MYM Nutraceuticals Inc.
MYM, through its subsidiary, Sublime Culture, is a cutting edge Canadian licensed producer of high quality “craft” cannabis. We are uniquely positioned to opportunistically acquire and/or invest in companies within the cannabis and hemp industries that are in need of capital and management support. Our senior management team is made up of experts engaged in a wide array of disciplines – upper level management of public companies, finance, law, master growing, plant pathology, agricultural economics, pharmaceutical, engineering, global marketing, product development and branding, distribution and seed genetics. MYM is a shareholder in two production projects in Quebec and is actively looking to acquire complementary businesses and assets in the cannabis sector . MYM shares trade in Canada, Germany and the United States under the following symbols: (CSE: MYM) (OTC: MYMMF) (FRA:0MY) (DEU:0MY) (MUN:0MY) (STU:0MY).
ON BEHALF OF THE BOARD
Howard Steinberg, CEO
MYM Nutraceuticals Inc.
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