Better For You Wellness Enters Equity Purchase Agreement with Williamsburg Venture Holdings

Columbus, Ohio--(Newsfile Corp. - December 8, 2021) - Better For You Wellness, Inc. (OTC Pink: BFYW) ("Better For You Wellness" or the "Company"), an Ohio-based company focused on the rapidly-growing $1.5T wellness industry, is pleased to announce that, subsequent to the Term Sheet entered into on September 17, 2021, between Better For You Wellness, Inc. and Williamsburg Venture Holdings, LLC ("WVH") that was disclosed and announced on September 21, 2021, the Company has entered into a binding Equity Purchase Agreement and Registration Rights Agreement with WVH for the purchase of up to $30,000,000 of Better For You Wellness, Inc. Common Stock.

The Equity Purchase Agreement provides that WVH is committed to purchasing the Company's Common Shares with an aggregate offering price of up to $30,000,000. The Company intends to use net proceeds from this transaction for expansion, acquisitions, legal costs, filing fees, and other general purposes.

For more details, please refer to the Company's Form 8-Ks filed with the Securities and Exchange Commission at https://www.sec.gov.

About Better For You Wellness, Inc.

Better For You Wellness, Inc. (OTC Pink: BFYW) is a Columbus, Ohio-based Company that is pursuing a dual buy-and-build model within the wellness industry. Better For You Wellness, Inc., through its wholly-owned subsidiary, builds and operates digitally-native, mission-driven brands within the clean beauty sector, including Better Suds. Better For You Wellness, Inc. is also under LOI to acquire three different companies within the clean and natural beauty category. Learn more at https://BFYW.com.

Contact:
Better For You Wellness, Inc.
Ian James, CEO
investors@bfyw.com

Forward-Looking Statements

This press release may contain forward-looking statements that involve risks and uncertainties. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology including "could," "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" and the negative of these terms or other comparable terminology. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested in this report. Except as required by applicable law, we do not intend to update any of the forward-looking statements so as to conform these statements to actual results. Investors should refer to the risks disclosed in the company's reports filed with SEC (https://www.sec.gov/).

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/107068