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VANCOUVER, BC, June 22, 2022 /CNW/ – Else Nutrition Holdings Inc. (TSX: BABY) (the “Company” or “Else“), a leading producer of plant-based baby, toddler and children’s food products, is pleased to announce that its previously announced marketed public offering (the “Offering“) of units (the “Units“) of the Company, which will be sold at an issue price of $1.05 per Unit (the “Issue Price“), will be for an aggregate of 6,940,000 Units for total gross proceeds of $7,287,000.

The Units will be offered for sale by the Company in the Offering, which will be conducted through a syndicate of underwriters (the “Underwriters“) led by Stifel Nicolaus Canada Inc. as sole bookrunner.  Each Unit will be comprised of one common share