MYM Closes Non-Brokered Private Placement

VANCOUVER, British Columbia, March 1, 2019 – MYM Nutraceuticals Inc., (CSE: MYM) (OTCBB: MYMMF) (“MYM” or “The Company”) is pleased to announce it has closed a non-brokered private placement of 1,000,000 units at a price of CAD$0.60 per unit for gross proceeds of $600,000.

Each unit will consist of one common share and one transferable common share purchase warrant.  Each warrant will entitle the holder to acquire one additional common share for a period of 12 months following the closing of the private placement at a price of CAD$1.20 per warrant share.

The offering was priced in the context of the market based on a price reservation made by the Company with the Canadian Securities Exchange.  The private placement is subject to the approval of the CSE and the securities will be subject to a four-month hold period under securities laws.  The Company intends to use the net proceeds from the private placement to execute the Company’s annual marketing plan.

MYM has brought in a number of experienced, senior leaders to guide the Company through the challenges that lie ahead. In conjunction with the restructuring of senior leadership, the Company is pleased to announce a total of 1,000,000 stock options have been granted to certain employees and consultants of the Company pursuant to the Company’s stock option plan.  The options have been granted on the following terms:

750,000 options have an exercise price of $0.76 and will vest in 5 equal tranches commencing on February 11, 2019.  The options have an expiry date of February 11, 2022;

200,000 options have an exercise price of $0.71 and will vest in equal quarterly tranches commencing on May 26, 2019.  The options have an expiry date of August 26, 2020;

50,000 options have an exercise price of $0.67 and will vest on February 21, 2019.  The options have an expiry date of February 21, 2021.

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]