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Vancouver, British Columbia--(Newsfile Corp. - February 19, 2025) - Restart Life Sciences Corp. (CSE: HEAL) (FSE: HN30) (OTC Pink: NMLSD) ("Restart Life" or the "Company") is pleased to announce that the Company has secured a strategic production partnership with a Canadian co-packer. This new strategic partnership follows the press release dated December 13, 2024, where Restart Life and Brain Balls Inc. formed a Joint Venture to bring health-focused products to market, targeting cognitive performance, mental clarity, and overall brain health.
With this agreement, the co-packer, a recognized leader in the health food industry, will serve as the official production partner for the Brain Balls and subsequent product lines. The co-packer operates a fully equipped production facility in British Columbia, Canada, which will be utilized to handle raw ingredients, package and ship, ensuring the highest quality standards for consumers.
The co-packer, known for its flagship branded healthy cereals, has demonstrated a proven track record of success in the production and distribution of health-conscious, clean-label food products. Their production capabilities, combined with their expertise in delivering high-quality products, make them an ideal partner for Restart Life.
"We are thrilled to have this co-packer as our strategic production partner," said Steve Loutskou, CEO of Restart Life Sciences. "Their established reputation, production facility, and history of success in the health food sector make them the perfect fit for Restart. We look forward to bringing our innovative products to market and addressing the growing demand for health-focused foods."
The co-packers' expertise will ensure that the Brain Balls product line is produced in a facility that meets the highest standards of quality and safety. This partnership also opens up exciting opportunities to further expand distribution to new markets, both in Canada and abroad.
Restart Life's CEO plans to visit the co-packer's facility to engage in further discussions and strengthen the collaboration. This visit is also timed to coincide with the Company's participation in Canada's leading trade show for natural, organic, and wellness consumer packaged goods, where it aims to broaden its network and explore new business opportunities.
Further to its news release dated Feb 7, 2025, Restart Life has closed a debt settlement transaction to settle an aggregate $118,476.75 of debt (the "Debt Settlement"). Pursuant to the Debt Settlement, the Company has allotted and issued 1,579,689 units at a price of $0.075 per unit. Each unit consists of one common share of the company and one transferable share purchase warrant, with each warrant entitling the holder to acquire one additional common share at an exercise price of $0.10 for a period of 12 months from the date of issuance. All securities issued under the Debt Settlement are subject to a hold period of four months and one day, expiring on June 19, 2025.