Meed Growth Corp. Announces Termination of Letter of Intent

Calgary, Alberta--(Newsfile Corp. - November 21, 2023) - Meed Growth Corp. (TSXV: MEED.P) ("Meed") announces that the previously announced non-binding letter of intent between Meed and Swirltex Holdings Corp. ("Swirltex") dated August 3, 2023 (the "LOI"), in respect of the proposed business combination transaction between Meed and Swirltex (the "Proposed Transaction"), has been terminated in accordance with its terms. The Proposed Transaction was expected to constitute the "Qualifying Transaction" of Meed, as such term is defined in Policy 2.4 – Capital Pool Companies of the TSX Venture Exchange.

Meed has re-engaged in the process of identifying and evaluating assets or businesses with a view to completing a Qualifying Transaction. Meed has applied to the TSX Venture Exchange to resume trading of the common shares of Meed (trading symbol "MEED.P"), which were previously halted from trading pending completion of the Proposed Transaction.

Additional Information

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information contact:

Meed Growth Corp.
Matthew Gustavson – Chief Financial Officer and Director
Phone: (833) 676-0762

Notice on Forward-Looking Information

This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable securities laws. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "would", "will", "estimates", "believes", "intends" "expects" and similar expressions which are intended to identify forward-looking statements. More particularly and without limitation, this press release contains forward-looking statements concerning the resumption of trading of the common shares of Meed. Meed cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of Meed, including expectations and assumptions regarding the resumption of trading of the common shares of Meed and general business, economic, competitive, political and social uncertainties, as well as other risks and uncertainties, including those described in Meed's final prospectus dated May 27, 2021 filed with the British Columbia Securities Commission, the Alberta Securities Commission and the Ontario Securities Commission and available on SEDAR+ at www.sedarplus.ca. The reader is cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Meed. The reader is cautioned not to place undue reliance on any forward-looking statements. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

The forward-looking statements contained in this press release are made as of the date of this press release, and Meed does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by securities law.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/188327