Vancouver, British Columbia, Canada - February 27, 2023 - bettermoo(d) Food Corporation (CSE: MOOO), (OTCQB: MOOOF), (Frankfurt: 0I50, WKN: A3DNBE) (the "Company" or "bettermoo(d) Food"), is pleased to announce that it has closed the first tranche (the "First Tranche") of its previously announced non-brokered private placement (the "Private Placement") through the issuance of 8,632,566 units (the "Units") at a price of $0.33 per Unit for gross proceeds of $2,848,747.05. Each Unit consists of one (1) share (each, a "Share") and one (1) transferable Share purchase warrant (each, a "Warrant"). Each Warrant entitles the holder thereof to purchase one (1) additional Share of the Company for a period of two (2) years from closing at a price of $0.41 per Share. The Private Placement has been upsized by $1,000,000 and the Company anticipates closing further tranches on or before April 8, 2023 to raise gross proceeds of up to $4,000,000.