bettermoo(d) Announces Cessation of Current Retail Operations, Strategic Review, and Share Consolidation

Executive Summary

• The Board has resolved to cease all existing retail operations and commence an orderly wind‑down of the business.
• A 4‑for‑1 reverse share consolidation will be implemented, reducing outstanding shares from ~12.58 M to ~3.15 M.
• Effective December 2, 2025, the ticker will change to MOOO.X as the company is designated an Inactive Issuer on the Canadian Securities Exchange.

Key Details

• Operational Shift: Immediate termination of current retail activities; focus will shift to evaluating new business sectors, ventures, and strategic transactions.
• Cost‑Reduction Measures: Management will implement actions to lower operating expenditures and preserve capital during the transition period.
• Share Consolidation Mechanics:
• Ratio: 4 pre‑consolidation Shares → 1 post‑consolidation Share.
• Pre‑consolidation shares outstanding: 12,584,394.
• Post‑consolidation shares outstanding: ~3,146,108 (fractions rounded to whole shares).
• Convertible securities will be proportionally adjusted; no shareholder approval required per the Articles of Incorporation.
• Regulatory Process: Consolidation pending acceptance by the Canadian Securities Exchange; a follow‑up release will confirm the effective date.
• Trading Symbol Change: From MOOO to MOOO.X on December 2, 2025; designation as an Inactive Issuer does not suspend trading.

Notable Quotes

“Continuing with our existing line of business is not commercially sustainable. We are taking decisive steps to preserve capital and explore new opportunities that better support long‑term shareholder value.” – Nima Bahrami, CEO & Director

Materiality Assessment: Material – Negative (the cessation of operations and share consolidation represent a significant adverse change to the company’s business outlook).