Ann: Market Update, page-18

From Ann: "Supra THC operates its business pursuant to a Dealer’s License issued by Health Canada1 pursuant to the Narcotic Control Regulations of the Controlled Drugs and Substances Act (Canada). Supra THC’s Dealer’s License permits the possession of cannabis and related active ingredients, in addition to the production of extracts for the purpose of analysis. Prior to closing, Valens will reorganise Supra so that its only asset is the Dealer’s Licence and it will have no liabilities or employees. RotoGro has appointed Cannabis Compliance Inc (https://www.cannabiscomplianceinc.com/) to coordinate the license renewal (the Dealer’s Licence expires on 31 December 2018) and transition to RGI (including ownership, personal and address changes).

In addition, RotoGro has appointed Michael Di Tommaso, a senior executive with experience in Cannabis Legislation, as Operations Manager for Cultivation. Mr Di Tommaso will oversee an application to amend the Dealer’s Licence to permit additional cultivation methods and building a suitable 44,000 square feetfacility (“Cultivation Facility”). RotoGro has secured a site located near RotoGro’s existing R&D and manufacturing facility for the Cultivation Facility and is estimating a cost of CAD $500,000.00 to fit out phase one of the facility."

Does this mean we're possibly going to hear that the licence has been transferred and hopefully extended sometime prior to its expiry on the 31st?