EarthRenew Announces Shares Issued for Additional Consideration (Earn-Out) on Replenish Nutrients Acquisition

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NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN   THE UNITED STATES

TORONTO, Oct. 12, 2021 (GLOBE NEWSWIRE) — EarthRenew Inc. (CSE: ERTH; OTCQB: VVIVF) (“ EarthRenew ” or the “ Company ”) announces that, further to its press release of May 4, 2021 with respect to the acquisition (the “ Replenish Acquisition ”) of Replenish Nutrients Ltd. pursuant to a share purchase agreement (the “ Share Purchase Agreement ”) dated effective May 1, 2021, the first earn-out period ending June 30, 2021 with respect to the Replenish Acquisition resulted in earn-out payments owing by the Company in the aggregate amount of $999,070.00, of which $599,441.93 was settled by the issuance of 2,840,957 common shares of the Company, each with a deemed issuance price of $0.211 (being the 30-day volume-weighted average trading price of the Company’s common shares on the CSE for the period immediately prior to the date of issuance of such common shares).

For more information about the Replenish Nutrients acquisition, please click here.

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