Menē surpasses CAD$100 million milestone of total gold held by clients

Menē Inc. (TSX-V:MENE) (US:MENEF) (“Menē” or the “Company”), an online 24 karat jewelry brand, is pleased to announce that it has surpassed the milestone of its clients holding over CAD$100 million in gold jewelry.

As of March 8, 2024, Menē clients held just over CAD$100 million in Menē gold jewelry and just over CAD$10 million in Menē platinum jewelry, for a total of CAD$110 million in Menē jewelry. To achieve this feat, a total of nearly 150,000 pieces of jewelry have been sold since the inception of the company in 2017.

STATEMENT FROM VINCENT GLADU, CEO OF MENĒ.

We are excited to have surpassed the CAD$100 million milestone of total gold held by clients, which is a testament to our existing clients’ unwavering support of our mission and our brand, as well as our new clients’ interest in investing in something pure, real and tangible.

Moreover, the current value of the jewelry held by our clients is about 4x the gross profit Menē earned since the founding of the business. In this respect, Menē is a rarity in the world of luxury goods. In today’s economy, where value is ever more ephemeral and product quality and purity is often questionable, Menē jewelry stands out as a store of value and a timeless heirloom, exquisitely hand-crafted by our jewelers for each and every one of our clients.

STATEMENT FROM DIANA W. PICASSO, CHIEF ARTISTIC OFFICER.

This milestone is a momentous event in Menē’s history and we thank all our clients for their support, without whom we would not be here today.

With Menē, we are democratizing access to ethically sourced gold and platinum, which holds such an important place in history, but also in our future, as our clients pass their Menē investments on to their progeny. To wear Menē is to have a deep sense of value and tradition and that is certainly what we strive to create for ourselves and our clients with the brand. I believe that these concepts are more important than ever today.

ABOUT MENĒ INC.

Menē crafts pure 24 karat gold and platinum jewelry that is transparently sold by gram weight. Through mene.com, customers may buy jewelry, monitor the value of their collection over time, and sell or exchange their pieces by gram weight at prevailing market prices. Menē was founded by Roy Sebag and Diana Widmaier-Picasso with a mission to restore the relationship between jewelry and savings. Menē empowers consumers by marrying innovative technology, timeless design, and pure precious metals to create pieces which endure as a store of value. For more information about Menē, visit mene.com.