REG-Yooma Wellness Inc: Equity Incentive Grants to Key Personnel

Yooma WellnessAnnouncement

06/09/2021 07:05

Yooma Wellness Inc.

Yooma Wellness Announces Equity Incentive Grants to Key Personnel

Toronto, Ontario, Canada, September 6, 2021 - Yooma Wellness Inc. ("Yooma")
(CSE: YOOM, AQSE: YOOM), a Toronto-based vertically-integrated global
wellness platform that develops and markets a portfolio of wellness brands,
today announced that it has awarded options and deferred share units for an
aggregate of 7,355,500 common shares of the company to certain directors,
officers, employees and consultants under the Long Term Incentive Plan
("LTIP") approved by the shareholders of Yooma on January 25, 2021.  The
purpose of the grants is to properly incentivize key personnel and align their
interests with those of the company.

Together with the 1,711,581 equity incentives previously outstanding, the
total number of shares reserved for issuance under the LTIP is now 9,067,081
shares. The grants included 7,310,000 options with exercise prices of
$0.90/Share, which will vest in equal monthly (or in the case of 385,000
options, yearly) increments over 3 years and expire 10 years from the date of
grant.  The grants also included 45,500 deferred share units that are fully
vested as of the date of grant.  All of the equity incentives, and their
underlying shares, are subject to a 4 month hold period in accordance with the
policies of the Canadian Securities Exchange and are subject to the terms and
conditions of the LTIP.   

About Yooma Wellness Inc.

Yooma's mission is to build a vertically-integrated global leader in the
manufacturing, marketing, distribution, and sale of wellness products
including hemp seed oil and hemp-derived and cannabinoid (CBD) ingredients.
The company leverages strategically curated sales channels and ecommerce
networks to deliver a diverse mix of wellness products through operating
subsidiaries in the United States, United Kingdom, France and Japan.
Learn more at www.yooma.ca.

The directors of the company accept responsibility for the contents of this
announcement. 

Media Contact:

Jordan Greenberg

Email: (mailto:rwardle@yooma.ca%20) jgreenberg@yooma.ca

Phone: 1-512-823-1678

 AQSE Corporate Adviser:  Peterhouse Capital Limited Guy Miller / Mark Anwyl                                                          Tel: +44 (0) 20 7469 0930 Tel: +44 (0) 7990 139 093  
 Media Enquiries (Canada): Michael Bancroft michaelbancroft@globalive.com                                                                                                                  
 Media Enquiries (UK / Europe):  Buchanan Henry Harrison-Topham / Jamie Hooper Ariadna Peretz / George Beale yooma@buchanan.uk.com    Tel: +44 (0) 20 7466 5000 www.buchanan.uk.com        

Notice regarding Forward Looking Statements

All information included in this press release, including any information as
to the future financial or operating performance and other statements that
express management’s expectations or estimates of future performance, other
than statements of historical fact, constitute forward-looking information or
forward-looking statements (collectively, “forward-looking statements”)
within the meaning of applicable securities laws and are based on current
expectations, estimates and projections. Forward-looking statements are
included for the purpose of providing information about management’s current
expectations and plans relating to the future. Wherever possible, words such
as “will”, or the negative of these words or other variations thereof,
have been used to identify such forward-looking statements. Specific
forward-looking statements include, without limitation, all disclosure
regarding the vesting of the equity incentives issued under the LTIP.

There are many risks and uncertainties that may affect forward-looking
statements including, among others, the risk of the departure of key personnel
prior to the vesting of any equity incentives; the risk that key personnel
will not accept equity incentives they have been awarded; the risk that equity
incentives cannot be issued upon vesting due to legal, regulatory or other
conditions; changes in laws, regulations and guidelines; compliance with laws;
and other matters which are beyond the control of Yooma. Although the
forward-looking statements reflect management's current beliefs and reasonable
assumptions based on information currently available to management, Yooma
cannot be certain that actual results will be consistent with its
forward-looking statements. Yooma cautions you not to place undue reliance
upon any forward-looking statements and disclaims any intention or obligation
to update or revise any forward-looking statements whether as a result of new
information, future events or otherwise, except as required by applicable law.
Nothing herein should be construed as either an offer to sell or a
solicitation to buy or sell securities of Yooma.



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