MYMMF - MYM Releases First Quarter Fiscal 2021 Financial Results

(TheNewswire)

VANCOUVER, BritishColumbia - TheNewswire - November 2, 2020 - MYM Nutraceuticals Inc., (CSE:MYM) (CNSX:MYM.CN) (OTC:MYMMF) ("MYM" or the"Company") is pleased toannounce that it has released its first quarter fiscal 2021 FinancialStatements and Management Discussion & Analysis(" MD&A "), which are available on Sedar.com.

"This was a transformative quarter for thebusiness," said Michael Wiener, CEO of MYM. "In addition toclosing the acquisition of Highland Grow, the Company generatedmeaningful revenue and gross profit."

Despite only one month of Highland Grow ( the Company's recently acquired wholly-owned subsidiary inAntigonish, Nova Scotia) revenues reflected inthe financials, MYM posted a record quarter with gross revenue ofapproximately $1.35M. In addition, in the month of August, HighlandGrow held the #2 market share position in the province of Newfoundlandand Labrador.

The Company is continuing to expand its distributionfootprint while bolstering its supply chain. Subsequent to quarterend, Highland Grow, signed a cannabis supply agreement with theAlberta Gaming, Liquor and Cannabis Commission permitting HighlandGrow to sell into the Alberta market; and SublimeCulture, its whollyowned cultivation facility in Laval, Quebec, completed its firstharvest of premium cannabis flower.

"We have turned the page and started a new chapterat MYM," said Michael Wiener, "We have a great brand inHighland Grow, strong distribution across much of the country, and anexperienced and aligned management team. Moving forward, we will beextremely focused on the premium, craft cannabis market in Canada.This is a market that we have become well established in, and an areathat we feel confident that we can be a leader in."

To support the ongoing growth of the business, theCompany continues to hire and invest in its people and announces thegranting of 500,000 stock options to certain consultants of theCompany pursuant to the MYM Stock Option Plan (' SOP "). The stockoptions are exercisable for a period of three years from the date ofgrant at an exercise price of $0.065 per stock option.

About MYM Nutraceuticals Inc.

MYM is a Canadian cultivator, processor, anddistributor of premium cannabis via its two wholly owned subsidiaries- SublimeCulture Inc., in Laval, QC and Highland Grow Inc., inAntigonish, NS. MYM shares trade in Canada,Germany and the United States under the following symbols: (CSE: MYM)(OTC: MYMMF) (FRA:0MY) (DEU:0MY) (MUN:0MY) (STU:0MY).

ON BEHALF OF THE MYM BOARD
Michael Wiener, CEO
MYM Nutraceuticals Inc.
www.mym.ca

Investor Relations

investors@mym.ca

Keep up to date with MYM on our social media channels:

Twitter: https://twitter.com/mymnutra

Facebook: https://www.facebook.com/mymnutra

Instagram: https://www.instagram.com/mym.ca/

Linkedin: https://www.linkedin.com/company/mymnutra/

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