Executive Summary

WHO IS NANNETTE DE GASPÉ BEAUTÉ INC?

Nannette de Gaspé Beauté Inc. (hereafter “NNTT Beauté”) is a luxury, natural, high performing lifestyle beauty company that brings innovative and ground‐breaking cosmetic solutions to the market.

The NANNETTE de GASPÉ brand incorporates exclusive, break‐through ingredient delivery technologies, formulations, and infusions in its collection of waterless face and body techstile^TM treatments and skincare products, introducing new and disruptive approaches to beauty while achieving more youthful, healthier, soothed, and refreshed skin.

NANNETTE de GASPÉ was launched in May 2016 at Selfridges in the U.K., creating a new category in skincare, “the dry textile treatment or dry mask”. It quickly grew into a cult favorite with an exclusive distribution in top retailers in the UK, Canada, the US, Europe, Asia and the Middle East including Barney’s, Bergdorf Goodman, Neiman Marcus, Net-A-Porter, Holt Renfrew, Lane Crawford and Harvey Nichols.

Having been dubbed the “disruptor in the beauty industry” by WWD and Vogue, the brand has also won numerous awards including WWD Beauty Inc “Best Skincare Product for 2017”, the Cosmetic Design Beauty Industry Award for “Best Indie Beauty Brand” and “Beauty Industry Woman of the Year”, 2018 Fashion Magazine Annual Beauty Awards for “Best Mask”, 2019 Hello Giggles Beauty Crush Awards for “Best Moisturizer” and The Kit’s Beauty Disruptor Award for our Bain Noir Cannabis Sativa Bath Soak Treatment.

NANNETTE de GASPÉ has since expanded its product offering to include a full range of luxury, high‐performance, and natural skincare incorporating its breakthrough ingredient delivery technology, BMV^TM.

Following the enormous success of its dry techstile^TM treatments, in 2018, NANNETTE de GASPÉ launched a full range of skincare, the Art of Noir Collection, which contains proprietary formulations and an elegant infusion of wonderful black ingredients including black tea ferment, black cumin, black Tahitian pearls, black orchids, and black super fruits – all providing extraordinary skincare benefits. Art of Noir is luxurious, upwards of 95% natural and very high-performing. As with its dry techstiles^TM treatments, Art of Noir is receiving critical acclaim.

Also in 2018, the Company launched a diffusion brand, MISS de GASPÉ, a digital pure-play, category‐bending prestige beauty brand aimed at a younger client, with a wider distribution and more accessible price point in response to the growing importance of the digital, millennial consumer. The brand will introduce an assortment of beauty products targeting specific skincare concerns such as brightening & radiance, anti‐pollution & detoxification, hydration & age‐delay, and blemish control & calming among others in addition to its assortment of revolutionary dry face masks.