Organicell Announces 1-for-200 Reverse Stock Split

FORT LAUDERDALE, FL / ACCESSWIRE / November 27, 2023 / Organicell Regenerative Medicine Inc, (OTCQB:OCEL) ("Organicell" or the "Company"), today announced that it is implementing a 1-for-200 Reverse Split of the Company's common stock (the "Reverse Split") effective as of the close of business on November 27, 2023. As a result, every 200 pre-Reverse Split shares of common stock outstanding will automatically combine into one new share of post-Reverse Split common stock without any action on the part of the holders.

Harry Leider, CEO of Organicell, commented, "We are very excited to have taken this positive step to reduce the number of outstanding shares of Organicell common stock. We anticipate this strategy will help improve the marketability and liquidity of our common stock, maximize valuation, and make the Company more attractive to potential investors of all sizes, particularly institutional and international investors, and ultimately positioning the Company for a potential up listing to a more senior stock exchange in the future". Mr. Leider also commented, "many investors look upon low-priced stocks as unduly speculative in nature and, as a matter of policy, avoid investment in such securities and a variety of brokerage house policies and practices tend to discourage individual brokers within those firms from dealing in low-priced stocks."

The Company's common stock will begin trading on a post-Reverse Split basis at the opening of trading on Tuesday, November 28, 2023. In connection therewith, the Company's ticker symbol will be OCELD for twenty (20) trading days to designate that it is trading on a post-Reverse Split basis. In addition, our post-Reverse Split common stock will trade under the new CUSIP Number 68621D206.

Following the Reverse Split, the number of shares of the Company's issued and outstanding common stock will have been reduced from 1,223,935,500 to approximately 6,119,678. The Reverse Split will also apply to shares of common stock issuable upon the conversion of outstanding convertible debt, warrants and stock options. No fractional shares of common stock will be issued as a result of the reverse stock split. Instead, the Company will issue one whole share of the post-reverse stock split common stock to any stockholder who otherwise would have received a fractional share as a result of the reverse stock split. The number of authorized common stock shall remain unaffected and the par value shall remain at $0.001 per share.