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VANCOUVER, British Columbia, March 25, 2021 (GLOBE NEWSWIRE) -- Nabati Foods Global Inc. (CSE: MEAL Reserved) (“Nabati Global” or the “Company”), is pleased to announce that it has filed a preliminary long form prospectus (the “Preliminary Prospectus”) with the securities regulatory authorities in the provinces of British Columbia, Alberta, Ontario and Manitoba, in connection with the qualification of 15,461,000 special warrants (the “Special Warrants”).

Each Special Warrant will be automatically exercisable, for no additional consideration, into common shares of the Company (each a “Share”), on the date that is the earlier of: (i) the third business day following the date on which the Company obtains a receipt from the applicable securities regulatory authorities for a final prospectus qualifying distribution of the Shares underlying the Special Warrants, and (ii) July 10, 2021.

The Company will also apply to list the Shares on the Canadian Securities Exchange (the “CSE”). Listing will be subject to the Company fulfilling all of the listing requirements and conditions of the CSE, including prescribed distribution and financial requirements. There can be no assurance that the Company will successfully achieve a listing as planned.

“Nabati has seen tremendous growth in the past year, and we are looking forward to continuing to expand the company’s footprint throughout North America and then into Europe. We are very proud of our products and intend to continue to innovate and bring more delicious plant-based innovations that we are proud of to the market,” said Ahmad Yehya, CEO of Nabati Global.