Nutriband wins court verdict to rescind 2017 acquisition and recover 1.2M shares (~15% of outstanding)

NutriBand Inc.

Circuit Court in Orange County, Florida ruled in favor of Nutriband on all issues, rescinding the Advanced Health Brands acquisition.
Company to recover 1.2 million shares (post-reverse split) representing ~15% of total outstanding shares.
Shares were originally issued as consideration for the 2017 acquisition; recovery reduces share count.
Press release dated July 15, 2022 announced the verdict.

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