/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES/ OKOTOKS, AB, April 29, 2024 /CNW/ - Replenish Nutrients Holding Corp. (formerly EarthRenew Inc.) (CSE:ERTH) (OTC:VVIVF) ("Replenish" or the "Company"), is pleased to announce its fourth quarter and year end financial results and business update. Business Update and Market Outlook 2023 marked a productive year for Replenish on commercial, operational, product development and financial fronts. Commercially, the Company made significant progress on its goals to optimize and create key new commercial partnerships in its supply chain and distribution channels that have laid a strong foundation on which the Company can grow going forward. Operationally, Replenish continued to streamline its base blended fertilizer business and made significant progress improving the production quality and volume of its sold-out granulated fertilizer. On the product development front, Replenish continued to make key investments in its research and development programs through various successful field trials proving the value and efficacy of the Company's fertilizer products as well as updated patent registrations and protections around the Company's proprietary biologically-active regenerative fertilizer products and zero-waste, chemical-free manufacturing process. Financially, the Company demonstrated diligent cost control and disciplined working capital management as evidenced by significant reductions in selling, general and administration expenses and significant improvements in funds from (used-in) operations and cash from (used-in) operations. Separately, the Company continues to successfully capitalize on key government funding programs related to the Company's research and development activities and was notably selected by Emissions Reduction Alberta (ERA) to receive up to $7 million dollars in non-dilutive funding for the Company's DeBolt manufacturing facility in the agriculturally dense Peace River region in Northern Alberta. These financial supports validate the importance of sustainable agriculture and food production as well as Replenish's product efficacy and commercial viability in the market. The Company's ERA application continues to progress as the Company works to secure the final portions of debt and equity financing. Further updates relating to the ERA grant will be made when available. At a macro level, Replenish's proprietary biologically-active regenerative fertilizer products and zero-waste, chemical-free manufacturing process are ideally positioned to capitalize on the multi-billion dollar investments and initiatives being made by governments and large multi-national corporations in sustainable food and agriculture practices. The ...