(via TheNewswire)

VANCOUVER, British Columbia , Canada – September 12, 2025 – TheNewswire - Grounded People Apparel Inc . (“ Grounded ” or the “ Company ”)  (CSE: SHOE ), (OTCQB: GPAIF ), (Frankfurt: K1G , WKN: A3DVB1 ), a fair-trade and sustainable shoe company based in Vancouver, British Columbia, Canada, and dedicated to reducing the harmful impact of the global fashion industry on the environment, issues this news release as a result of a review by the British Columbia Securities Commission in order to clarify disclosures contained in its news releases dated August 2, 2024 (“ August 2 2024 News Release ) and May 29, 2024 (“ May 29 2024 News Release ”), respectively. Specifically, the August 2, 2024, News Release disclosed certain sales orders for the period from April to June 2024 compared to the same period in 2023.  The Company acknowledges that this method of presenting financial disclosure lacks the balance and context which the Company strives to provide in its public disclosure. Accordingly, the Company retracts the disclosure contained in the August 2, 2024, News Release in its entirety.

In addition, the Company notes that the May 29 2024 News Release omitted to disclose that 20,000 stock options were granted to Mr. Geoff Balderson, who at the time was the Company’s Chief Financial Officer, nor to disclose that an additional 60,000 options were granted to other employees of Amalfi Corporate Services (noting that Mr. Balderson did not have beneficial ownership of these 60,000 options).  

The Company notes that it has also filed an amended Management’s Discussion and Analysis for the year ended February 29, 2024. The amendments made provide:

• further disclosure in respect of revenue royalties  

• updates to results of operations  

• updates in respect of related party transactions and key management compensation  

• subsequent event disclosure  

The Company also discloses that the audit committee of the Board of Directors is presently comprised of: Mr. Joel Shacker (Chair), Mr. Nima Bahrami and Mr. Maxamillian Justus (who is non-independent, as he is also CEO of the Company).

The Company notes also that, as disclosed in its news releases dated June 14, 2024, the Company has in place an agreement with Stride Publishing, under which Stride Publishing is to provide services pertaining to investor relations, creation of content, digital advertisement placement and monitoring of digital campaigns in consideration for $550,000. The Company wishes to clarify that Stride Publishing underwent a name change to Wealth Campus Inc. (“ Wealth Campus ”) and all such prior disclosure referencing Stride Publishing should refer to Wealth Campus.

This retraction and clarification also applies to all channels through which Wealth Campus, in its capacity as investor relations service provider, has distributed any materials regarding the Company.

ABOUT GROUNDED PEOPLE APPAREL

Grounded People Apparel Inc. is a Vancouver, British Columbia, Canada based innovative apparel company focused on delivering high quality products to its customers that are 100% PeTA – APPROVED vegan.   The Company is primarily engaged in the business of fair-trade, sustainable and earth-conscious fashion. The Company’s initial products, which launched in the fourth quarter of 2021, were its high-top and low-cut canvas sneakers, which are made from sustainable, ethically-sourced and produced materials, and are manufactured by fair-trade workers, in a 100% vegan manufacturing facility which is located in Brazil.

In addition to its commitment to a fashion industry that reduces waste and environmental impacts, the Company aims to create a meaningful positive impact on the world through its L.A.C.E.S. campaign.  The L.A.C.E.S. campaign provides consumers an option to select a specific set of shoelaces to accompany their footwear purchase the colour of which is associated with one of the charities the Company has committed to support, whereby all profits from the sale of shoelaces will be donated correspondingly.

ON BEHALF OF THE BOARD OF DIRECTORS

“Maximilian Justus”

Maximilian Justus

Chief Executive Officer

For further information, please contact:

Email: investors@groundedpeople.com

Telephone: 1-844-673-6753

The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

CAUTIONARY DISCLAIMER STATEMENT

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation, including with respect to the social and financial objectives of the Company. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, plans, postulate and similar expressions, or are those, which, by their nature, refer to future events. All statements that are not statements of historical fact are forward-looking statements. Forward-looking statements in this press release include, but are not limited to, statements with respect to the growth trajectory of the Company, the Company’s plans to reduce waste and environmental impacts to create meaningful positive impacts. Forward-looking statements are necessarily based upon several estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward looking statements. Such factors include, but are not limited to general business, economic, competitive, political, and social uncertainties, and uncertain capital markets. Readers are cautioned that actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Copyright (c) 2025 TheNewswire - All rights reserved.