Vancouver, British Columbia - TheNewswire - May 6th, 2024 – Candyverse Brands Inc. ("Candyverse" or the "Company") is pleased to announce a non-brokered private placement (the “Offering”) for gross proceeds of a minimum of USD$500,000 and up to a maximum of USD$1,000,000.  The Offering will consist of up to one (1) million Class A Common Shares (the “Common Shares”) of the Company at a price of USD$1.00 per Common Share.

The proceeds of the Offering will be used by the Company to pursue a public listing of its Common Shares on a Stock Exchange based in the United States.

Consolidation

Prior to the Offering, the Company anticipates completing a consolidation (the “Consolidation”) of its Common Shares on the basis of one (1) post-Consolidation Common Share for each five (5) pre-Consolidation Common Shares.  Where the consolidation results in a fractional share, the number of Common Shares will be ‎rounded up to the next greater whole number of Common Shares if the fractional entitlement is equal to or greater than 0.5 and shall, without any additional compensation, be rounded down to the next lesser whole number of Common Shares if the fractional entitlement is less than 0.5 and, in calculating such fractional interests, all Common Shares registered in the name of and held by such shareholder shall be aggregated.

About Candyverse Brands Inc.

Candyverse Brands Inc. is a consumer-packaged snacking company that is focused on the manufacturing and distribution of plant-based, all-natural, low sugar candy products to consumers looking for "Better-For-You" snacking alternatives that compare to traditional candy options. "Better-for-You" foods refers to foods that use natural, simple, recognizable, or whole food ingredients and are generally perceived by consumers as alternatives to higher sugar and calorie products often found in conventional candy.

For further information, please contact:

Garrett Downes
CEO

604-996-3151
garrett.downes@candyversebrands.com

 

The securities offered pursuant to the Offering have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements

   

of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

 

Cautionary Note Regarding Forward-Looking Information

This news release contains statements that constitute "forward-looking statements".  Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause Candyverse’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur. Forward-looking statements in this news release include statements concerning the proposed Consolidation of the Common Shares, the Company’s expected use of proceeds of the Offering and the Company’s proposed listing on the NASDAQ Stock Market. Such statements and information reflect the current views of the Company’s management.

 Although Candyverse believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by their nature forward-looking statements involve assumptions, known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

 

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.

 

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES