/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES/ OKOTOKS, AB, May 30, 2024 /CNW/ - Replenish Nutrients Holding Corp. (formerly EarthRenew Inc.) (CSE:ERTH) (OTC:VVIVF) ("Replenish" or the "Company"), is pleased to announce its 2024 first quarter financial results and business update. Business Update and Market Outlook Consistent with historic seasonal activity, the first quarter of 2024 saw modest revenues, sales volumes, and margins in the Company's blended fertilizer product – largely due to remaining higher cost inventory carryover. However, year-over-year revenues and sales volumes to 3rd party customers increased, demonstrating consistent and growing demand for the Company's regenerative fertilizer products. Furthermore, the granulated fertilizer product currently being produced at the Beiseker facility demonstrated strong pricing and margins vis-à-vis the blended product and provides excellent insight into the upside potential of an upgraded Beiseker facility that targets to produce and sell 20,000 to 25,000 metric tonnes of granulated fertilizer per year. On the financing front, the Company expects to use a combination of internal cash flows, debt and equity, as required, to complete the Beiseker facility upgrade in 2024. On the DeBolt project, the Company's ERA application continues to progress as the Company looks to secure the final debt and equity financing. Further updates relating to the ERA grant will be made when available. Overall, Replenish was pleased with the adjustments made to the granulation process at the