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Candyverse Obtains Receipt for Final Prospectus for Initial Public Offering

Vancouver, British Columbia–(PR Newswire – January 10, 2023) – Candyverse Brands Inc.  (“Candyverse” or the “Company“), is pleased to announce that in late 2022, a final receipt was issued by the British Columbia Securities Commission and the securities regulatory authorities in the provinces of Alberta and Ontario for its a final long-form prospectus for a proposed initial public offering of up to 6,000,000 common shares at a price of $0.40 per share for a gross proceeds of up to $2,400,000 (the “Offering”).

The Offering is being made to pursuant to an agency agreement dated December 14, 2022, between the Company and Leede Jones Gable Inc. (the “Agent”) on a commercially reasonable efforts basis. The offering price was determined by negotiation between the Agent and the Company.

Candyverse Brands received conditional approval to list its common shares on the Canadian Securities Exchange. Listing is subject to Candyverse Brands fulfilling all the listing requirements of the Canadian Securities Exchange.

No securities regulatory authority has either approved or disapproved the contents of this news release. This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities of Candyverse Brands in any jurisdiction in which such offer, solicitation or sale would be unlawful.

The Offering is being made only by prospectus. The prospectus contains important detailed information about the securities being offered. A copy of the final prospectus may be obtained from the Agent and is available on SEDAR at Investors should read the prospectus before making an investment decision.

The Company’s 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, sold or delivered, directly or indirectly, in the United States (as defined in Regulation S under the U.S. Securities Act). Accordingly, the securities may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws.



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. “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:

Morgan Knowles
Vice President, Investor Relations



Cautionary Note Regarding Forward-Looking Information

This news release contains forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of Candyverse. Forward looking statements include anticipated closing of the Offering. Factors which could cause actual results to differ include failure of investors to purchase the Offering, delay in expected timing to close and inability to obtain final Canadian Securities Exchange approval. Although Candyverse believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Candyverse disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.




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