Novo Integrated Sciences Enters into Share Exchange Agreement to Acquire PRO-DIP, LLC

Novo Integrated Sciences, Inc. (NASDAQ:NVOS) (the “Company” or “Novo Integrated Sciences”), a provider of healthcare related services and products, is pleased to announce the signing of a Share Exchange Agreement, dated May 11, 2021 (the “SEA”), pursuant to which the Company will acquire PRO-DIP, LLC (“PRO-DIP”) in a securities exchange valued at $755,385, or $3.98 per share of Novo Integrated Sciences common stock.

Following closing of the exchange, PRO-DIP will be a wholly owned subsidiary of Novo Integrated Sciences. Closing is subject to certain customary closing conditions.

PRO-DIP has developed a proprietary, patent-pending oral pouch that delivers flavorful bursts of vitamins and natural energy supplements through small, semi-permeable sachets placed in the mouth, between the gum and cheek or lip. The initial burst of supplements is followed by extended absorption of the nutrients, providing long-lasting energy, even at high-exertion levels. With its hand-free ease of consumption, the energy-rich pouches are an alternative to traditional sports supplements and deliver a daily serving of natural vitamins and nutrients for the endurance and stamina required during exercise and sports. The invention of the pouch delivery system for nutraceuticals continues to gain mainstream interest from health product manufacturers, medical organizations, big pharma, the military, space organizations, CBD/hemp companies, humanitarian aid groups and the list goes on.

Robert Mattacchione, the Company’s CEO and Board Chairman, stated, “Adding PRO-DIP to the Company’s portfolio is an important event in support of a core philosophical belief of the Company to provide technologies and products focused on preventative healthcare solutions. PRO-DIP’s innovative oral pouch delivery system allows for broad market applications related to nutritionally focused products and medicinal based formulations which further expands our product offering initiatives to both our clinic patient base and to consumers worldwide. With its oral pouch delivery system, PRO-DIP is developing an entire new product category. In addition, PRO-DIP is quickly building an impressive distribution chain, including ADS, Inc., a leading value-added logistics and supply chain solutions provider that proudly serves all branches of the U.S. Military, federal, state and local government organizations, law enforcement agencies, first responders, partner nations and the defense industry.”