Health Logic Interactive to Acquire The Better Butchers Inc.

Vancouver, British Columbia — May 11, 2026 — Leads & Copy — Health Logic Interactive Inc. (NEX: CHIP.H) has announced it has entered into a letter agreement to acquire The Better Butchers Inc.

Under the terms of the LOI, Health Logic intends to acquire all of the issued and outstanding common shares of Better Butchers in exchange for newly issued common shares in the capital of Health Logic, according to a news release.

Harrison Ross, CEO of Health Logic, stated the proposed transaction represents a compelling opportunity for Health Logic's shareholders to participate in the early growth trajectory of Better Butchers, a company well positioned with product-market fit in the rapidly expanding alternative protein category.

Mitchell Scott, CEO of Better Butchers, said that plant-based protein should taste incredible, be genuinely clean, and not make compromises. With a growing combined market opportunity exceeding US$133 billion across North America and Europe, the timing couldn't be better, Scott added.

The Better Butchers was incorporated in British Columbia on September 26, 2022. It is focused on crafting the next generation of premium plant-based meat alternatives under its flagship Forager's FinestTM product line. The company's proprietary formulation uses a blend of oyster mushroom and pea protein, delivering 21 grams of protein per serving. The product is high in fibre and iron, gluten free, allergen free, and free of added colours or flavours, with no pea protein aftertaste, according to the release.

The Better Butchers' products are currently available in approximately 250 retail locations across Canada. The company is actively pursuing further retail expansion domestically, with a planned entry into the United States and European markets to follow. The Better Butchers is also conducting ongoing research into cultivated meat technologies as part of its longer-term product development strategy.

The company says it operates at the intersection of two consumer trends: the global shift toward cleaner nutrition and the mainstream adoption of non-animal protein, in a combined market estimated at over US$62 billion across North America and US$71 billion in Europe, according to Fortune Business Insights, 20 April 2026.

Health Logic, founded in 2014 and based in Calgary, sold its wholly owned subsidiary My Health Logic Inc. to Marizyme Inc. in 2021. Health Logic received 4,600,000 common shares of Marizyme, which were distributed as a non-cash dividend to the then existing shareholders of the Company. As a consequence, the Company does not presently have any significant operations.

Health Logic is presently listed on the NEX Board of the TSX Venture Exchange and has no significant operations but is engaged in pursuing opportunities to acquire an active business to uplist its common shares and enhance shareholder value.

As a condition of closing of the Transaction, the Resulting Issuer will obtain a listing of the RI Shares on the CSE. As such, the Company intends to voluntarily delist the HL Shares from the NEX. Neither the CSE nor the NEX has yet reviewed the Transaction and there is no certainty that the listing application of the RI Shares to the CSE will be approved.

The Definitive Agreement is to be signed on or prior to October 31, 2026. The Transaction is subject to requisite regulatory approval, including the approval of the CSE, the NEX, and the TSXV, as applicable, and customary closing conditions.

Before the completion of the Transaction, Better Butchers will complete a seed share private placement of 7,500,000 BB Shares at a price of $0.10 per BB Share for gross proceeds of $750,000. Health Logic will consolidate all of its issued and outstanding HL Shares on the basis of 2.5 HL Shares for each HL Share held and complete a name change to "The Better Butchers Inc." and Better Butchers will be renamed "The Better Butchers Corp.", or such other name as determined by Better Butchers.

Better Butchers or its nominees will acquire approximately $387,000 of debt owed to arm's length creditors of Health Logic which will be converted into RI Shares at a price of $0.15 per RI Share. Better Butchers will complete a concurrent financing of BB Shares at $0.15 per BB Share for gross proceeds of a minimum of $2,000,000 to a maximum of $3,000,000.

Trading in the HL Shares has been halted in accordance with the policies of the NEX and TSXV and will remain halted until permission to resume trading has been obtained from the CSE, once the listing on the CSE has been approved.

Upon completion of the Transaction, it is anticipated that the board of directors of the Resulting Issuer shall consist of five directors, as well as a Chief Executive Officer and President, a Chief Financial Officer, and a Corporate Secretary, all as nominated by Better Butchers and subject to acceptance of the CSE. The Chief Executive Officer, President and Director of Better Butchers, Mitchell Scott will be the Chief Executive Officer, President and a Director of the Resulting Issuer. The Chief Financial Officer and Corporate Secretary of Better Butchers, Sean Choi, will be the Chief Financial Officer and Corporate Secretary of the Resulting Issuer.

Source: Health Logic Interactive Inc.