Announcement • Nov 26
Aretto Wellness Inc. Announces Resignation of Scott Eldridge as Director Aretto Wellness Inc. announced that Scott Eldridge has resigned as Director of the Company effective immediately to pursue other opportunities. The Board thanks Mr. Eldridge for his services and wishes him well in his future endeavors. Board Change • Nov 16
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Director Warren Spence is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Oct 20
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Director Warren Spence is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Jun 30
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. CEO & Director Warren Spence is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Feb 16
Rritual Superfoods Inc. (CNSX:RSF) completed the acquisition of JustGo Juice Nutrition Ltd. from Weiser Global Capital Market Ltd, Treasure Link Enterprises Limited, Manford Limited and others. Rritual Superfoods Inc. (CNSX:RSF) entered into a purchase agreement to acquire JustGo Juice Nutrition Ltd. from Weiser Global Capital Market Ltd, Treasure Link Enterprises Limited, Manford Limited and others for CAD 3 million on February 7, 2022. Under the terms of the agreement and in consideration for the acquisition of JustGo, Rritual superfoods has agreed to issue 33 million shares of Rritual to the shareholders of JustGo. Rritual has agreed to assume outstanding share purchase warrant obligations of JustGo on a post-closing basis which, if exercised, will result in Rritual issuing an aggregate of 16.875 million warrant shares. Each vendor has agreed that the shares of Rritual shares be subject to voluntary resale restrictions providing that no more than 10% of the original number of shares issued to the vendors on closing will be sold in any one-week period during the first six months from the closing. Kris Mehan, the founder of JustGo, is anticipated to be retained as a consultant of Rritual on a going forward basis for a period of at least one year to oversee the transition and help grow the business on a post-closing basis. In addition to standard closing conditions, closing is subject to a number of other conditions including Rritual receiving a favorable fairness opinion on or before closing from an arm's length accredited valuation firm, the Purchaser being satisfied that its due diligence, analysis and other customary examinations that it has performed regarding the financial position of the Target, Target Subsidiary and the Target Business are consistent and JustGo having at least CAD 0.3 million in aggregate cash assets and at least CAD 0.26 million in working capital immediately prior to the closing. Closing of the acquisition is expected to be on or before February 14, 2022.
Rritual Superfoods Inc. (CNSX:RSF) completed the acquisition of JustGo Juice Nutrition Ltd. from Weiser Global Capital Market Ltd, Treasure Link Enterprises Limited, Manford Limited and others on February 15, 2022. Announcement • Feb 10
Rritual Superfoods Inc. (CNSX:RSF) entered into a purchase agreement to acquire JustGo Juice Nutrition Ltd. from from Weiser Global Capital Market Ltd, Treasure Link Enterprises Limited, Manford Limited and others for CAD 3 million. Rritual Superfoods Inc. (CNSX:RSF) entered into a purchase agreement to acquire JustGo Juice Nutrition Ltd. from Weiser Global Capital Market Ltd, Treasure Link Enterprises Limited, Manford Limited and others for CAD 3 million on February 7, 2022. Under the terms of the agreement and in consideration for the acquisition of JustGo, Rritual superfoods has agreed to issue 33 million shares of Rritual to the shareholders of JustGo. Rritual has agreed to assume outstanding share purchase warrant obligations of JustGo on a post-closing basis which, if exercised, will result in Rritual issuing an aggregate of 16.875 million warrant shares. Each vendor has agreed that the shares of Rritual shares be subject to voluntary resale restrictions providing that no more than 10% of the original number of shares issued to the vendors on closing will be sold in any one-week period during the first six months from the closing. Kris Mehan, the founder of JustGo, is anticipated to be retained as a consultant of Rritual on a going forward basis for a period of at least one year to oversee the transition and help grow the business on a post-closing basis. In addition to standard closing conditions, closing is subject to a number of other conditions including Rritual receiving a favorable fairness opinion on or before closing from an arm's length accredited valuation firm, the Purchaser being satisfied that its due diligence, analysis and other customary examinations that it has performed regarding the financial position of the Target, Target Subsidiary and the Target Business are consistent and JustGo having at least CAD 0.3 million in aggregate cash assets and at least CAD 0.26 million in working capital immediately prior to the closing. Closing of the acquisition is expected to be on or before February 14, 2022. Announcement • Sep 11
Rritual Superfoods Inc. has completed a Composite Units Offering in the amount of CAD 4 million. Rritual Superfoods Inc. has completed a Composite Units Offering in the amount of CAD 4 million.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 8,000,000
Price\Range: CAD 0.5
Discount Per Security: CAD 0.03 Announcement • Jul 01
Rritual Superfoods to Launch Product Line in Cvs Stores -Nationwide Rritual Superfoods Inc. announced the Company's premium brand of functional superfoods will launch in CVS stores across the USA. In 2020, CVS opened 650 HealthHUB locations, and it plans to have 1,500 locations open by the end of 2021. CVS HealthHUB locations offer online streams of wellness and nutrition content from its community rooms in place of in-person classes, and care concierges pivoted to focus on reaching out to patients telephonically. CVS will carry Rritual's full individual product line, including: Chaga IMMUNE with adaptogens Eleuthero Root and Astragalus to support healthy immune function and well-being all year round. Lion's Mane FOCUS with adaptogens Rhodiola Rosea Root and Bacopa to support brain health and cognitive function. Reishi RELAX with adaptogen Ashwagandha and cacao to help the body adapt to stress. Rritual will work with CVS to develop an in-store education program for CVS trained professionals to best serve CVS consumers on their "path to better health." Rritual has scaled its production to meet growing demand, with a strategic sales and marketing focus aimed at major retailers across the USA in 2021. As previously noted, Rritual's retail strategy is disruptive, the Company is aiming at national retailers rather than regional rollouts to gain market share and establish category defining leadership. Rritual product offerings are all USDA-certified organic and are a caffeine-free option that can be mixed with other beverages or enjoyed by itself. Rritual's proprietary Immune-Synergy Six Mushroom Blend is the only functional health product on the market that contains a daily prebiotic blend which nourishes a healthy gut microbiome and facilitates balanced digestive function. Announcement • Jun 22
Rritual Superfoods Inc. Lists with Health Food Marketplace 'The Good Trends' Rritual Superfoods Inc. announced the listing of the Rritual Superfoods product line on leading health food marketplace, 'The Good Trends.' The Good Trends B2B wholesale marketplace is on a mission to connect local healthy specialty food brands and mission-driven retailers. As a result, Rritual's innovative product line is an ideal fit with 'The Good Trends.' Rritual's products are made with mindfully selected, organic functional mushrooms and adaptogenic herbs, traditionally consumed for their ability to support a healthy response to stress and help optimize mental, cognitive, digestive, and immune health. Placement of the Rritual brand in this channel with 'The Good Trends' providing a whole new set of consumers with access to Rritual's product line, and continues to establish a foundation for the Rritual brand to help define and lead the Superfoods category. Announcement • Jun 08
Rritual Superfoods Inc. Surpasses Full Year 2021 USA Retail Distribution Targets Rritual Superfoods Inc. is excited to announced that the company has surpassed its retail distribution targets for the end of 2021, exceeding 2400 retail locations and 10,000 points of distribution within the first half of the year.
These revisions are based on retailer commitments to carrying the Rritual brand. For example, Rite Aid has indicated 20% more stores than anticipated will carry Reishi Relax, Chaga Immune, and Lion's Mane Focus as well as 100% more Rite Aid locations will carry the Variety Pack. The company's product line is being embraced by consumers, with initial sell through with key retail partners triggering new purchase orders and expansion of retail locations. By the first week of July, Ritual will be available in 3000 retail locations with over 10,000 points of distribution. In addition, as the Company's innovation pipeline delivers new product offerings there will be further growth in terms of points of distribution. Rritual product offerings are all USDA-certified organic and are a caffeine-free option that can be mixed with other beverages or enjoyed by itself. Rritual's proprietary Immune-Synergy Six Mushroom Blend is the only functional health product on the market that contains a daily prebiotic blend which nourishes a healthy gut microbiome and facilitates balanced digestive function. 