Billy Goat Brands subsidiary FunGuys Beverages achieves phase II certification of TerraCycle's Loop testing protocols, enabling it to move from single-use to reusable packaging for its line of Kold organic mushroom-infused cold brew coffee beverages

September 9, 2022 (press release) –

Billy Goat Brands Ltd (CSE:GOAT)

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Friday September 09 2022 - News Release

An anonymous director reports

BILLY GOAT PROVIDES H2 GUIDANCE FOR FUNGUYS BEVERAGES

FunGuys Beverages, a 100-per-cent wholly owned subsidiary of Billy Goat Brands Ltd. , has successfully achieved phase II certification of TerraCycle's Loop testing protocols. This operational milestone further demonstrates FunGuys's market position as a socially responsible distributor of organic mushroom-infused cold brew coffee beverages underpinned by proprietary formulation stack.

FunGuys's commercial associations with Loop enable it to leverage reusable packaging for its line of Kold-branded beverages. As previously announced, Loop's stringent design guidelines will enable Kold products to move from single-use packaging to a multiuse ecosystem while also providing FunGuys with access to a scalable sales channel through Loop's integrated network of retail partners. Recently, Loop was invited to present its views on sustainable business practices at the World Economic Forum and has support from major North American and European grocers, retailers and packaged good brands.

FunGuys's maturing relationship with Loop is also indicative of Billy Goat's commitments to advancing next-generation CPG (consumer packaged good) recycling ecosystems, technologies and associated intellectual properties through active investments. As disclosed in Q2 2022, Billy Goat nearly doubled its ownership stake in Evanesce Inc. , a sustainable packaging company that produces compostable straws and other packaging items. Evanesce has manufacturing plants located in South Carolina and Nevada , which produced approximately 90 million total straws in the first quarter of 2022. Evanesce plans to list its shares for trading in 2022 or H1 2023 on either the Toronto Stock Exchange or Nasdaq Stock Market .

About FunGuys Beverages

Headquartered in British Columbia , FunGuys is a leading distributor of organic Chaga and Lion's Mane mushroom-infused cold brew coffee beverages. Its Kold line of beverages offer consumers an alternative and sustainable product as a supplement or even as a substitute for their daily coffee ritual. Each serving of Kold Beverages is infused with 160 milligrams (mg) of Chaga and Lion's Mane mushroom extract, among other natural ingredients, that are combined to create a unique, healthy and sustainable ritual for coffee lovers.

About Billy Goat Brands Ltd.

Billy Goat Brands is an investment issuer focused on investing in high-potential companies operating across a variety of sectors. The paramount goal of the company will be to generate maximum returns from its investments.

The company's final prospectus, financial statements, and management's discussion and analysis, among other documents, are all available on its profile page on SEDAR.

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