MYM Closes Non-Brokered Private Placement and Announces Additional Incentive Stock Option Grant

VANCOUVER, British Columbia, March 29, 2019 – MYM Nutraceuticals Inc., (CSE: MYM) (OTCBB: MYMMF) (“MYM” or “The Company”) is pleased to announce it has closed a non-brokered private placement as part of a series of drawdowns on the Alumina Equity Agreement of 1,200,000 units at a price of CAD$0.46 per unit for gross proceeds of $552,000.

Each unit will consist of one common share and one transferable common share purchase warrant.  Each warrant will entitle the holder to purchase one Share (a “Warrant Share’) for a period of three (3) years from the issue date at a price of $0.71 per Warrant Share.

The Warrants will include an acceleration clause as follows: “The Warrants may be accelerated by the Company, at its sole option, if the volume weighted average trading price of the Shares of the Company on the Canadian Securities Exchange, or other stock exchange quotation system on which the Shares are then listed or quoted is equal to or greater than $1.42 for a period of 10 consecutive trading days, by giving notice to the holders thereof and, in such case, the Warrants will expire at 4:00 p.m. PST on the earlier of: (i) the 30th day after the date on which such notice is given by the Company in accordance with the terms of the Warrants, and (ii) the actual expiry date of the warrants.”

The Company intends to use the proceeds from the private placement for the Elite Ventures Group agreement to fund the 120 acres of CBD-rich hemp in Nevada, USA and for general and other working capital purposes.

The Company is also pleased to announce that a total of 3,205,000 incentive stock options have been granted to certain directors, officers, employees and consultants of the Company pursuant to the Company’s stock option plan.  The options are exercisable for a period of forty-two months at a price of $0.76 per common share.  The options granted will vest over twelve (12) quarterly vesting periods to be fully vested after three years.

About MYM Nutraceuticals Inc.
MYM Nutraceuticals Inc. is an innovative company focused on the global growth of Cannabis and hemp.  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).

ON BEHALF OF THE BOARD
Howard Steinberg, CEO
MYM Nutraceuticals Inc.
www.mym.ca

Investor Relations
Billy Casselman
778-522-2261
[email protected]