CORPORATE UPDATE: MYM Announces Change to Board of Directors and Closes Private Placement

Vancouver, B.C., December 7, 2017 – MYM Nutraceuticals Inc., (CSE: MYM) (the “Company” or “MYM”) announces today that the board of directors received the resignation of Director and COO Michelle Hackett and appointed in her place, Robin Linden, to the position of Director.

Ms. Hackett joined the board of directors in 2014. She resigned from the board to focus on growing MYM’s retail presence in provinces that are expected to legislate a private distribution and sales model for the sale of recreational cannabis.

“With the upcoming legalization of recreational cannabis in Canada and many of the provinces releasing their plans for distribution and sales, there is an opportunity for MYM to further develop its current relationships and build new alliances across Canada,” said Rob Gietl, CEO of MYM. “Ms. Hackett will continue to play a valuable role for MYM in establishing relationships with key stakeholders in the provinces that allow for the private sector to participate in the distribution and sales of recreational cannabis.”

Mr. Linden has over 20 years leadership and management experience. He is currently a Director with Fairmont Hotels and Resorts based out of Vancouver, BC. Prior to that, Mr. Linden served in leadership and management roles with the University of Manitoba, Molson Breweries Canada and Canadian luxury retailer, Holt Renfrew. Mr. Linden holds a BA (hons) from the University of Manitoba and Post Graduate Diplomas from Simon Fraser University in Vancouver and the University of St. Andrews in Scotland.

MYM granted Mr. Linden 300,000 stock options pursuant to the Company’s stock option plan.  The options are exercisable for a period of three years at a price of $2.67 per share and will vest in equal proportions quarterly over the three years.

MYM is also pleased to announce that it closed its previously announced non-brokered private placement consisting of 240,000 common shares for gross proceeds of $600,000.  MYM intends to use the proceeds of the private placement for general working capital purposes.

 About MYM

MYM Nutraceuticals Inc. is an innovative company focused on acquiring Health Canada licenses to produce and sell high-end organic medicinal cannabis supplements and topical products.  To ensure a strong presence and growth potential within the industry, MYM is actively looking to acquire complementary businesses and assets in the technology, nutraceuticals and CBD sectors.  MYM shares trade in Canada, Germany and the USA under the following symbols: (CSE: MYM) (OTC:MYMMF) (FRA:0MY) (DEU:0MY) (MUN:0MY) (STU:0MY).


Rob Gietl, CEO
MYM Nutraceuticals Inc.

Investor Relations
Terry Brown
1-778-522-2261 Direct