(TSXV) SNYB

Shiny Health & Wellness Appoints Toronto Executive Jonathan Hemi to Board of Directors 

 Dispensary Subsidiary ShinyBud Expands Licensee Program 

TORONTO: November 14, 2023 – Shiny Health & Wellness Corp. (“Shiny Health” or the “Company”) (TSXV: SNYB) appoints Toronto Executive Jonathan Hemi to the Board of Directors; expands ShinyBud licensee program, and announces an Asset Purchase deal with One Plant (Retail) Corp. 

Corporate Update 

The Company welcomes executive Jonathan Hemi as a Director to the board of Shiny Heath & Wellness Corp. Jonathan is strategic, entrepreneurial and has a proven track record of successfully running small and medium sized businesses, and building their brands globally. He is currently the managing partner at Globefill Inc. (the makers of Crystal head Vodka), founder and owner of Signal Hill Spirits Inc. and owner of several businesses. With 28 years in the beverage alcohol industry Jonathan is currently responsible for the manufacturing, brand building and global distribution of several alcohol beverage brands. 

ShinyBud Inc. a subsidiary of Shiny Health, announces an asset purchase deal with One Plant (Retail) Corp. that provides for the sale of one of their retail locations, College Square (a mīhī-branded cannabis retail store) and the estimated purchase price is CAD $600,000. The proceeds will be allocated towards debt reduction. 

Licensees Expansion 

The Company has decided to expand the partner program offering multiple ShinyBud licensee tiers. Presently, ShinyBud has executed 19 trademark license agreements with 17 already operating stores and 2 more in the pipeline readying to open, plus 1 negotiating a lease, which will be our very first in downtown GTA. All the ShinyBud-branded locations are located in Ontario and are owned and operated by third parties pursuant to non-exclusive, revocable license agreements. The licensee expansion program has begun by offering a 50-50 licensee partnership with current adult use cannabis store owners who wish to lower and divide their operating costs and their lease, or individuals looking to jump into the exciting sector who do not have the capital to begin operations without a partner. The Company will also continue to offer trademark license agreements requiring payment to ShinyBud of a monthly royalty fee of gross sales, either 1% and 5% depending on approved qualifications. The new differentiated expansion to a multi-tier licensee program provides ShinyBud with a tangible edge over the competition in Ontario. If interested kindly contact the Company directly for more details and come join us at ShinyBud. 

 Forward-Looking Information 

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “intends”, or “believes”, or variations (including negative and grammatical variations) of such words and phrases or state that certain acts, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. 

These statements are based upon assumptions that are subject to significant risks and uncertainties, including risks regarding the cannabis industry, commodity prices, market conditions, general economic factors, management’s ability to manage and to operate the business, and explore and develop the projects, and the equity markets generally. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward-looking statements. Any number of factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although the Company believes that the expectations reflected in forward looking statements are reasonable, they can give no assurances that the expectations of any forward-looking statements will prove to be correct. Except as required by law, the Company disclaims any intention and assume no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise. 

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.

About Shiny Health & Wellness: 

Shiny Health & Wellness Corp. is on a mission to help people never settle, live fully by being a trusted source for health and wellness solutions and services. The Company operates ShinyBud Cannabis Co., a well-established brand of adult-use dispensaries in Ontario strategically located in markets less saturated with cannabis retailers. Shiny Health trades on the TSX Venture Exchange (TSXV) under the ticker symbol SNYB. For more information, please visit www.shinyhealthandwellness.com. 

Contact Information:

Meris Kott, CEO

Investor Relations:

Phone: (888) 833-1260

Email: ir@snbycorp.com