Veji Holdings Ltd. announces that following the Company's August 1st news release regarding the Strategic Process initiated by the Board of Directors (the "Board"), and after having completed the sale of its domain, VeganEssentials.com, and associated intellectual property and assets (the "Previous Disposition"), that the Company plans to wind-down the remainder of its US operations including Veg Essentials LLC, and VEDGEco USA Inc., the Company's B2B division. Given current market conditions, and lack of access to external capital, the Company cannot continue to fund its commercial operations. As the result of the Previous Disposition and the decision to wind-down the remainder of its US operations, the Company ceases to have any active commercial operations in the plant-based sales and distribution space.

After careful consideration of the Company's cash position, scheduled debt and forecasted expenses, theCompany's management and its Board will be evaluating next steps over the coming weeks.