Me Today Limited/Announcement
Me Today Limited logo

Me Today announces equity raising to accelerate growth

Capital Raise7 July 2020MEEConsumer Staples

Corporate Action Notice
(Other than for a Distribution)

Updated as at 17 October 2019


Page 1 of 1

Section 1: issuer information (mandatory)

Name of issuer Me Today Limited

Class of Financial Product Ordinary shares

NZX ticker code MEE

ISIN (If unknown, check on NZX

website)

NZRLVE0001S2

Name of Registry LINK Market Services

Type of corporate action

(Please mark with an X in the relevant

box/es)

Share purchase

plan

X Renounceable

Rights issue


Capital

reconstruction

Non

Renounceable

Rights issue


Call Bonus issue

Record date 7 July 2020

Ex-Date (one business day before the

Record Date)

6 July 2020

Currency NZD

Section 6: Share purchase plans

Number of financial products to be

issued

OR

Maximum dollar amount of Financial

Products to be issued




$500,000

Minimum application amount

(if any)

$500

Exercise Price $0.095 per share

Scaling reference date By reference to holdings at Record Date

Closing Date 13 July 2020

Allotment Date 24 July 2020

Section 7: Authority for this announcement (mandatory)

Name of person authorised to make this

announcement

Stephen Sinclair

Contact person for this announcement Stephen Sinclair

Contact phone number +64 21 330 053

Contact email address stephen@metoday.com

Date of release through MAP 8 July 2020

---

1

8 July 2020


ME TODAY ANNOUNCES EQUITY RAISING TO SUPPORT INCREASED INVESTMENT IN

BUSINESS TO ACCELERATE GROWTH

Me Today Limited (Me Today) has today announced its intention to raise up to $4.5 million through an issue of

new ordinary Me Today shares (New Shares). The capital raising comprises a retail offer to selected investors

of up to $3 million, with potential to accept oversubscriptions of $1 million (Retail Offer) and a share purchase

plan targeting $250,000 to eligible existing shareholders, with potential to accept up to $250,000 of

oversubscriptions (SPP) (together the Offer).

The Offer price of 9.5 cents per New Share is a 26.4% discount to the closing price of Me Today’s shares on the

NZX on 7 July 2020 and a 28.1% discount to the 10-day VWAP to 7 July 2020.

Chairman, Grant Baker said “Me Today’s unique cross category offering is well positioned to gain market share

in the growing and attractive health and wellness space. Me Today continues to invest in developing its range of

complementary products, with an additional 9 supplement products launched or to be launched over the June to

September period, along with the launch of new Serum and Sunscreen ranges planned for later in the year. The

recent announcement of NZ rugby star Beauden Barrett as a global ambassador of Me Today has further raised

the brand’s profile, which will continue to be built on through investment in digital and social marketing

campaigns.”

Me Today is targeting run rate gross revenue by the end of FY21 in excess of NZ$2.0m, and growth in store

presence from ~200 to ~280. If the Offer is fully subscribed (but excluding oversubscriptions), Me Today would

expect to have approximately $6.45m of cash on hand and no debt following completion of the Offer, enabling

additional investment in the business to accelerate Me Today’s growth.

Retail Offer

The Retail Offer is being made to selected investors while Me Today’s shares are in a trading halt, which is

expected to remain in place until the NZX opens on Friday 10 July 2020. If fully subscribed (including

oversubscriptions), the Retail Offer will raise $4m, and result in the issue of 42,105,263 million New Shares,

representing 11.54% of Me Today’s existing ordinary shares on issue before the Retail Offer.

Settlement of the Retail Offer is scheduled to take place on Friday, 10 July 2020, with commencement of trading

of new shares on the NZX on the same day.

SPP

The SPP will be open to existing shareholders recorded in Me Today’s share register as having a New Zealand

address at 5.00pm on 7 July 2020.

Eligible shareholders will be able to apply for up to $50,000 of New Shares. The SPP is targeting a raise of up

to $250,000, but Me Today may accept oversubscriptions of up to $250,000. The SPP offer price will be 9.5

cents per New Share.

Personalised SPP offer letters will be sent by Link on Monday, 13 July 2020.

Less than Minimum Holding Sale Notice

Shareholders holding less than 8,000 Me Today shares will also be notified in their SPP offer letters that if they

do not increase their holding to at least 8,000 shares in the next 3 months their less than minimum holding will

be sold in accordance with Me Today’s constitution.


2


Indicative timetable

1



Event Date

Announcement of equity raising and trading halt pre market open Wednesday, 8 July 2020

Retail Offer conducted

Wednesday, 8 July –

Thursday, 9 July 2020

Announce Results of Retail Offer Friday, 10 July 2020

Trading halt lifted and shares recommence trading on NZX Friday, 10 July 2020

Settlement of Retail Offer, Retail Offer shares commence trading on NZX Friday, 10 July 2020

SPP opens and offer letters despatched to eligible shareholders Monday, 13 July 2020

SPP closes Friday, 24 July 2020

Announce results for SPP Monday, 27 July 2020

Settlement of SPP, SPP shares allotted and commence trading on NZX Friday, 31 July 2020


Additional information

Additional information regarding the Offer is contained in the investor presentation accompanying this

announcement. The investor presentation contains important information including key risks relating to Me

Today.

Nothing contained in this announcement constitutes investment, legal, tax or other advice. Investors are

encouraged to seek appropriate professional advice before making any investment decision.

For any questions in respect of the SPP, please visit www.metodayshareoffer.co.nz or call Link Market Services

on +64 9 375 5998 (within New Zealand) between 8:30am and 5.00pm (NZST) Monday to Friday while the SPP

is open. For other questions, investors should contact their financial or legal adviser.

Authorised for release by the Board of Me Today Limited.

For more information on the content of this announcement, please contact:

Michael Kerr

Chief Executive Officer

Me Today Limited

Contact: +64 21 836 451


Stephen Sinclair

Chief Financial Officer

Me Today Limited

Contact: +64 21 330 053

Important Notices and Disclaimer

This announcement has been prepared for publication in New Zealand, and may not be released to US wire

services or distributed in the United States. This announcement does not constitute an offer to sell, or a

solicitation of an offer to buy, securities in the United States or any other jurisdiction. Any securities described in

this announcement have not been, and will not be, registered under the US Securities Act of 1933 (the “US

Securities Act”) or the securities laws of any state or other jurisdiction of the United States, and may not be

offered or sold in the United States except in transactions exempt from, or not subject to, registration under the

US Securities Act and applicable US state securities laws.



1

This timetable is indicative only and may change without notice at Me Today’s discretion or subject to the requirements of the NZX Listing Rules.

---

Me Today Group
Equity Raising Presentation

8 July 2020

Disclaimer and Important Notice
1

NOT FOR RELEASE TO US WIRE SERVICES OR DISTRIBUTION IN THE UNITED STATES.

Offer

This presentation has been prepared by Me Today Limited (Me Today) in relation to an offer of new ordinary shares in Me Today(New Shares) made under clause 19 of Schedule 1 of the Financial Markets Conduct Act

2013 (FMCA).

International selling restrictions

This presentation does not constitute an offer of New Shares in any jurisdiction in which it would be unlawful. In particular, this presentation may not be distributed to any person, and the New Shares may not be

offered or sold, outside New Zealand or Australia in any jurisdiction where distribution is restricted or prohibited by law or would constitute a breach by Me Today of any law.

This presentation and the offer of New Shares are only made available in Australia to persons to whom an offer of securities canbe made without disclosure in accordance with applicable exemptions in sections 708(8)

(sophisticated investors) or 708(11) (professional investors) of the Australian Corporations Act 2001 (Corporations Act). Prospective investors should not construe anything in this document as legal, business or tax

advice nor as financial product advice for the purposes of Chapter 7 of the Corporations Act. Investors in Australia should be aware that the offer of New Shares for resale in Australia within 12 months of their issue

may, under section 707(3) of the Corporations Act, require disclosure to investors under Part 6D.2 if none of the exemptions in section 708 of the Corporations Act apply to the re-sale.

Information

This presentation contains summary information about Me Today which is current at the date of this presentation. The informationis of a general nature and does not purport to be complete nor does it contain all

information which a prospective investor may require in evaluating a possible investment in Me Today or that would be required in a product disclosure statement under the FMCA. This presentation should be read in

conjunction with Me Today’s market releases and other periodic and continuous disclosure announcements.

Not financial product advice

This presentation does not constitute financial product advice or investment advice and is not a recommendation to apply for NewShares, and has been prepared without taking into account the objectives, financial

situation or needs of investors. Before making an investment decision, you should consider all relevant information having regard to your own objectives, financial situation and needs, and consult an NZX Firm or

solicitor, accountant or other professional advisor if necessary.

Investment risk

An investment in Me Today is subject to investment and other known and unknown risks, some of which are beyond the control ofMeToday. Me Today does not guarantee any particular rate of return or the

performance of Me Today.

Forward-looking statements

This presentation includes certain “forward-looking statements” about Me Today and the environment in which Me Today operates. Forward-looking information is inherently uncertain and no assurance can be given

that actual outcomes will not materially differ from forward-looking statements. You should not place undue reliance on any forward-looking statements.

Disclaimer

To the maximum extent permitted by law, Me Today and its affiliates, related bodies corporate, directors, officers, partners,employees, agents and advisers disclaim all liability and responsibility (whether in tort

(including negligence) or otherwise) for any direct or indirect loss or damage which may be suffered by any person through use of or reliance on anything contained in, or omitted from, this presentation.

Introductions
Grant Baker

Chairman

Grant has a range of experience across both

private and public companies, including

involvement in a number of successful start-

ups. Positions held include:

•Current Chairman of Turners Automotive

•Former Chairman of 42-below and Trilogy

International, sold to Bacardi and CITIC

Group, respectively

•Co-founder of The Business Bakery

Stephen Sinclair

CFO, Director

Stephen is a Chartered Accountant, spending

his early career at PwC. He has subsequently

been involved in numerous successful

businesses with Grant Baker, including:

•42 Below

•Ecoyaand Trilogy International

•Recapitalisation of Dorchester Pacific (now

Turners Automotive)

Michael Kerr

CEO, Director

Michael has held a variety of roles across sales

and marketing for several local and

multinational businesses. His experience in the

health and wellness space includes:

•General Manager of Trilogy

•Responsible for establishing supplement

brand, Swisse, in New Zealand across

multiple retail channels

2

Summary of equity raising
3

Maximum offer size

•Ifthe retail offer and share purchase plan are fully subscribed (including oversubscriptions) up to $4.5 million will be raised

Retail Offer

•A retail offer of up to $3 million to selected investors, with potential to accept up to $1 million of oversubscriptions

•The retail offer price of 9.5 cents per share represents a 26.4% discount to the last closing price of $0.129 on 7 July 2020, and a 28.1%

discount to the 10-day VWAP of $0.132 prior to announcement

Share Purchase

Plan

•Share Purchase Plan to raise up to$250,000 with potential to accept up to $250,000 of oversubscriptions

•Opento eligible existing shareholders at 5.00 pm on 7 July 2020

Use of proceeds

•The proceeds from the equity raise will be used to fund the following initiatives:

•Additional investment in above the line marketing campaigns to grow brand presence in the New Zealand market

•Increased investment in digital and social marketing by contracting with more brand influencers to expand the reach and profile of the

brand in New Zealand and internationally

•Investment in additional head count to fast track international expansion

•Additional investment in marketing activities to launch the brand on Tmallprior to 11/11 (China’s “Singles’ Day”)

•Additional investment in international markets to assist expansion including product registration costs in Australia and USA

•Further investment in new product development and category expansion

•Investment in working capital to support top line growth

•If the capital raise is fully subscribed (but before oversubscriptions), it is anticipated Me Today will have ~$6.45m of cash on hand with no

debt

Company overview

Overview of Me Today Group
The Group is comprised of The Good Brand Company Limited and Me Today New Zealand Limited

MTL Securities Limited

(owned by entities associated

with the founders

1

)

Other shareholders

Me Today Limited

NZX Ticker “MEE”

Listed entity, formerly CSM

Group Limited, used as the

vehicle for the reverse

listing in March 2020

•A premium skin care and supplements

brand with a specific focus on the health

and wellness space

•Where possible produces vegetarian /

vegan friendly products using

predominantly natural inputs

•Founded by Grant Baker, Stephen

Sinclair, and Michael Kerr in 2019

•Formed to launch, sell and market both

Me Today branded products, and third

party brands with similar brand

alignment in the health and wellness

space

•Network of sales employees to service

the pharmacy and health store retail

channels in New Zealand

•Currently distributes three brands in

addition to Me Today, Life-space

(Australian probiotics), Artemis (NZ

traditional plant medicine), and

SleepDrops(NZ supplements and herbal

product to support sleep and stress

levels)

60.8%

2

39.2%

2

1.Founders are Grant Baker, Michael Kerr, and Stephen Sinclair

2.Existing shareholdings pre capital raising

5

The Me Today brand
Assists general health and wellbeing

Supports immune function

Rich in botanicals, antioxidants & vitamins

Performance & efficacy

New Zealand owned and operated

Top: Me Today campaign

Left: Me Today global ambassador,

BeaudenBarrett

Cross-category focus

Premium products

Environmentally aware

6

Overview of current Me Today product range
SupplementsSkin care

Women’s DailyEnergiseGoodnightBeauty

Protect

Magnesium 875

MoveBecalmMen’s Daily

Vitamin C 800

Vitamin D3 1000

Cream CleanserMicellar GelMist TonerSerum

Mist Hand Sanitiser

Eye CreamFace Mask

Moisturiser

Night Cream

Hand LotionHand WashHand Cream

7

Protect –balance and comfort range

Women’s daily –enrich and hydrate range

Grape Seed

30000

Lip Balm

Me Today business model
SourcingMarketingManufacturing & distributionChannels

•Me Today’s contract

manufacturers are responsible

for sourcing ingredients in

accordance with Me Today’s

formulations

•Me Today is responsible for

the development of its

formulations and these

remain the property of Me

Today

•Me Today is responsible for

sourcing all packaging

•All Me Today products are

contract manufactured in New

Zealand by reputable contract

manufacturers

•Me Today operates a 4PL

distribution model, with HCL, a

subsidiary of EBOS Group,

providing all back-end and

customer facing logistics

including customer invoicing

•This asset light model where

manufacturing and distribution

is outsourced to third parties

allows for scalability and limits

capex requirements

Retail

•Me Today has exclusive supply

agreements with Green Cross

brands, Life Pharmacies and

Unichem

•Me Today products are

currently in over 200

pharmacies

OnlineGlobal brand ambassador

•Me Today recently announced

its partnership with New

Zealand rugby star Beauden

Barrett

•Me Today sells direct to

consumers through its own

online store, and via other

online and daigouchannels

such as Unichem’sTmallin

China

•Building awareness and trust

in the brand is a key focus for

Me Today given the categories

the brand exists in

•Marketing is used to

communicate what the Me

Today brand stands for and its

key product propositions

8

Skin care,
$135b

Supplements,

$128b

•Globally the skin care and supplement market is worth ~US$263b

3,4

p.a.

•Me Today is favorably positioned to capitaliseon this market opportunity

given the positive perception of New Zealand as a manufacturer of premium

consumer goods and the global trend towards natural and environmentally

conscious products

•Beyond the New Zealand and daigoumarkets, the Australian pharmacy

channel presents a significant opportunity, with annual supplement and skin

care sales totaling A$1.6b and A$818m

5

, respectively

•Additionally, Me Today has received a number of inbound enquiries from

other international markets, and as a result has recently shipped a ~$40k

order to a distributor in the United Kingdom

Market opportunity

New ZealandInternational

•The New Zealand skin care and supplement market presents a compelling

opportunity for Me Today, with the segment generating NZ$316m

1

in retail

sales in 2019, of which ~45% relates to the pharmacy channel

•The New Zealand pharmacy channel includes the 360 Unichemand Life

branded pharmacies which Me Today’s products are ranged for, along with a

further 650 independent pharmacies, 31 countdown pharmacies, 13

Chemist Warehouse and 5 Bargain Chemist stores

Pharmacy -Skin care,

$17m

Pharmacy -

Supplements, $125m

Grocery -Skin care,

$94m

Grocery -Supplements,

$80m

New Zealand skin care and supplement market

1

Global skin care

3

and supplement

4

market

Me Today’s

addressable market

($142m)

2

1.IRI NZ Pharmacy & grocery Data MAT 17/11/19

2.Subject to Me Today’s exclusive supply agreement with Green Cross brands, Life Pharmacies and Unichem

3.Treffs2018

4.Nutrition Business Journal 2017

5.IRI AU Pharmacy Data MAT 17/11/19

9

Strategy –Me Today
10

Strategy

Key initiatives

Branding &

marketing

•Focus on building brand awareness and trust

through communicating what the brand stands for

and key product propositions

•Invest in activating the brand through extensive marketing campaigns

promoting the brand’s ethos, and the benefits of Me Today products,

initially locally, and in offshore markets as they are entered

•Establish Me Today as a premium brand and raise awareness across

supplements and skin care categories via marketing campaigns

Market

penetration

•Expand Me Today’s presence in the New Zealand

market and launch the Me Today brand into

overseas markets such as China and Australia in

the near-medium term

•Leverage The Good Brand Company’s sales network to increase the brand’s

distribution across the Green Cross network from ~200 to ~280 stores

•Access Chinese market through locally based daigoutraders and via the

Tmallonline platform

Innovation and

category

expansion

•Understand global trends and innovation in the

health and wellness space to drive new product

developments in existing and adjacent categories

•Launched 4 new supplement products in June, with a further 5 to be

launched over the July to August period

•Planning to launch a new range of serums in September and 2 new natural

sunscreen products in October

Manufacturing

and product

sourcing

•Achieve cost reductions by contracting larger

volumes and working with contract manufacturers’

raw material providers to access high quality

materials and lower costs as Me Today scales

•Increase product volumes to drive improved pricing and margins

People and

knowledge

•Establish a world class team within Me Today to

drive financial performance

•Recently contracted a senior creative and hired a brand activation manager

•Maintain right-sized workforce, in particular in sales and marketing

functions as the business grows

Strategy –The Good Brand Company & Group
11

Strategy

Key initiatives

Channel

development

•Grow sales network in the key pharmacy and

health store channels

•Focused on increasing distribution of Me Today and its third party

products

Grow agency

brands

•Leverage existing capacity to grow number of

brands represented

•The Good Brand Company is currently in discussions with additional

brands, and will consider utilising its networks across the pharmacy

and health store channels to drive sales of these products, where there

is a strong fit with its existing portfolio

Strategy

Key initiatives

Targeted

acquisitions

•Consider targeted acquisitions to accelerate

growth

•Evaluate acquisition opportunities of brands in existing or adjacent

categories where there is strong strategic and brand alignment

The Good Brand Company

Me Today Group

1.Cash position as at 7 July 2020
2.Level 3 required all workers to remain at home where possible, with certain businesses (including pharmacies) allowed to operateunder strict guidelines and was in effect from 27 April 2020 to 13 May 2020

3.Level 4 severely limited travel, with only essential businesses (including pharmacies) allowed to operate under strict guidelines, and was in effect from 25 March 2020 to 27 April 2020

4.In response to COVID-19 the New Zealand Government provided significantly impacted businesses with $7,000 per full time employeefor a 12 week period

Financial information and outlook

12

Financial information

and outlook

•Me Today delivered gross revenue of $639k and net revenue of $566k in the 5 months post the Me Today brand launch in November

2019 and full year of The Good Brand Company

•The Me Today brand currently generates a gross margin in excess of 50% across both its supplement and skin care ranges

•Me Today currently has a net cash position of $3.4m

1

with no debt. If the equity raise is fully subscribed (but before

oversubscriptions), it is expected to have a cash position of ~$6.45m, which will enable investment in the business and accelerate Me

Today’s growth

•Target run rate gross revenue by the end of FY21 in excess of $2.0m, and growth in store presence from ~200 to ~280

•Further benefits of increased brand investment and marketing from the capital raise will be realised in FY22 and beyond

COVID-19

•Whilst pharmacies remained open during COVID-19 alert levels 3

2

and 4

3

, their priority was the supply of over the counter

prescriptions, which paired with restrictive safety precautions made for a challenging operating environment in this channel

•In response, management took steps to preserve cash including applying for the wage subsidy

4

, removing directors fees and salary

increases for 2 months, and delaying the hiring of new staff

•Management believe as a result of COVID-19 the delivery of Me Today’s roll-out plan for New Zealand has been delayed ~2 months,

while the entry into international markets could be impacted until restrictions have been lifted

•As restrictions have eased domestically, the prioritisation of health and wellbeing amongst consumers has presented a strong

opportunity for Me Today to drive growth

Board of Directors
Hannah Barrett -Director

Hannah is Chartered Accountant with experience

advising global clients gained while at accounting

firm PwC in its Financial Advisory division. She

currently owns her own business focused on digital

consulting and marketing

Grant Baker -Chairman

Dr.Antony Vriens-Director

Antony is a qualified medical doctor and specialist

with a career spanning the health and financial

sectors, which includes practicing as a medical

doctor. He is currently a Director of Turners

Automotive Group, and is the Chairman of DPL

Insurance

Roger Gower -Director

Roger has wide experience as an executive in both

public and private companies. He is currently

Chairman of PrimePortTimaru Limited and New

Zealand Food Innovation Auckland, and CEO of New

Zealand’s Best Food & Beverage Limited

Michael Kerr –CEO, DirectorStephen Sinclair –CFO, Director

13

Equity raising details

Equity raising details
Offer size and

structure

•Up to $4.5m equity raising, comprising:

‒Retail offer of up to $3m to selected new and existing investors, with potential to accept up to $1m of oversubscriptions

‒Share PurchasePlan of up to $250k to eligible existing shareholders, with potential to accept up to $250k of oversubscriptions

•Up to 47,368,420 million new ordinary Me Today shares will be issued under the offer (if fully subscribed), representing 12.98% of Me Today’s

total shares on issue prior tolaunching the offer

Offer price

•9.5 cents per new share, representing:

‒26.4% discount to the last closing price of 12.9 cents on 7 July 2020

‒28.1% discount to the 10-day VWAP of 13.21 cents up to 7 July 2020

Retail Offer

•Selected investors will be invited to participate in the retail offer from8-9 July 2020

•New shares issued under the retail offer are expected to be allotted and start trading on 10 July 2020

Share

Purchase Plan

•Eligible existing shareholders as at 5pm on 7 July 2020 will be sent further informationoutlining the terms of the share purchase plan, which is

expected to open on 13 July 2020 and close on 24 July 2020

•New shares issued under the share purchase plan are expected to be allotted and start trading on 31 July 2020

Ranking

•All new shares will rank equally with existing fully paid ordinary shares from date of issue

15

Timetable
EventDate

Announcement of equity raising8 July

RetailOffer

Conduct retail offer under trading halt8-9 July

Announce completion of retailoffer and resume trading10 July

Settlement of retailoffer, shares allotted and start trading on NZX10 July

Share Purchase Plan

Share Purchase Plan opens13 July

Share Purchase Plan closes24 July

Announcement of results of Share Purchase Plan 27 July

Settlement of Share Purchase Plan, shares allotted and start trading on NZX31 July

16

Key risks

Key risks
Dependence on key

personnel

The Me Today Group’s operations are heavily reliant on certain key personnel, in particular Grant Baker, Stephen Sinclair, and Michael Kerr. If any of those key personnel were to

leave the Me Today Group, its operations and financial performance could be adversely affected.

Marketing and brand cut

through

The Me Today Group needs to be able to identify and react to new trends in the health and wellness products industry, and to achieve successful brand cut through against its

competitors. There are a number of established competitors in the supplements and skin care categories, and if Me Today cannot successfully ‘stand out’, its financial performance

may be adversely affected.

Competition

The health and wellness sectors, both in New Zealand and internationally, are highly competitive. One or more of the Me TodayGroup’s competitors could offer comparable

products at lower prices, which might cause downward pressure on the Me Today Group’s pricing and ability to create margin and revenue. One or more competitors could also

offer comparable products which are preferred by consumers, leading to reduced demand for the Me Today Group’s products.

Management of growth

opportunities

As the Me Today Group quickly expands, it may not successfully manage its expected rapid growth, which could lead to adverse operational and financial performance.

Trade marks and

intellectual property

If the Me Today Group is unable to obtain and enforce trade mark and intellectual property rights for its brands, the value of those brands, and by extension the financial

performance of the Me Today Group, may be adversely affected. Applications for trade marks may be made by other parties directedto intellectual property relevant to the sector

in which the Me Today Group operates. There can be no assurance that third parties will not independently develop similar alternative intellectual property to the Me Today

Group’s. The occurrence of any of these events could have a material adverse effect on the Me Today Group’s business, financial condition and results of operations.

Offshore markets

Expansion into overseas markets is difficult, and there is a risk that Me Today Group will fail to successfully execute its strategy in overseas markets, or that its products will not

resonate with consumers in foreign markets. Expansion into overseas markets introduces exposure to currency risks, different regulatory frameworks, business landscapes and

competition.

Early stage company

Both The Good Brand Company and Me Today NZ are early stage companies with limited trading history and no assurance of futurerevenue growth or profitability. Investment in

early stage companies is high risk. There is no guarantee of any return, and any such returns may take years to materialise. Many early stage companies fail.

Regulatory risk

As a large part of the Me Today Group’s business comprises the sale of health and wellness products, it is possible that the sale, marketing and production of such products may be

subject to new regulations.

Third party dependencyThe Me Today Group relies on third parties for the manufacture, packaging and distribution of Me Today branded products.

COVID -19

A second outbreak of COVID-19 in New Zealand, and potential response measures put in place by the government could adversely affect Me Today’s operational and financial

performance, while continued outbreaks in key international markets could adversely affect entry into those markets.

18

Appendix

FY20 income statement
$00031 March 2020

Revenue before marketing services639

Less marketing services provided by a customer(73)

Net revenue566

Cost of sales(107)

Selling and marketing expenses(378)

Administrative expenses(896)

Operating loss(815)

20

FY20 balance sheet
$00031 March 2020

Cash and cash equivalents4,168

Trade and other receivables247

Inventory341

Taxation receivable11

Current Assets4,767

Property, plant and equipment23

Intangible assets62

Total assets4,852

Trade payables and other labilities529

Shareholder advances-

Total current labilities529

Total liabilities529

Net assets4,323

21

Thanks

Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.

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