cdva_ex992

安大略省多倫多，2020年12月2日-專注於大麻的消費品公司CordovaCann Corp. (cse：cdva)(場外交易市場代碼：LVRLF)(以下簡稱科爾多瓦公司或公司)今天宣佈，根據2020年11月10日公佈的意向書，該公司已收購馬尼託巴公司10062771的多數股權。這筆交易將使Cordova能夠迅速在馬尼託巴省開設兩家娛樂大麻商店，品牌為 Star Buds，第一家商店今天在温尼伯市波蒂奇大道2519號開業。這家星芽商店將開始處理通過其網站www.starbus.co，從客户那裏獲得的在線提貨訂單，並且還將向未到店的客户開放。被許可方已經正在開發第二個站點，該站點將於明年初開業，並計劃在整個 2021年申請在馬尼託巴省開設更多門店。

根據交易的條款，Cordova以完全稀釋的方式收購了被許可方51%的已發行和流通股( “購買的股份”)。購買的股份的收購價為15萬美元(150,000美元) 支付給被許可方，並向被許可方的當前股東授予600萬(600,000)股科爾多瓦的認股權證。*每份認股權證持有人有權以0.32美元的行使價購買本公司股本中的一股普通股直至2022年11月30日(統稱為“對價”)。此外，Cordova已同意向被許可人提供至多150,000美元(150,000美元)的貸款，以便在馬尼託巴省開設第二家門店。商店將由被許可方以星芽品牌名稱運營，公司將向被許可方提供零售店設計和佈局、標準操作程序、員工培訓、融資資源和系統支持。Cordova對被許可人未來的任何一次發行或二次出售股份也有優先購買權，並有認購選擇權，可在截止日期兩年週年之後的任何時間購買被許可人的所有已發行股權，估值相當於被許可人的往績12個月正常化EBITDA的四倍。

根據適用的加拿大證券法規的規定，本新聞稿包含有關公司業務、運營以及財務業績和狀況的“前瞻性信息”。本新聞稿中的所有陳述除歷史事實陳述外，均為加拿大適用證券法所指的有關公司的“前瞻性信息”，包括有關公司計劃的業務活動、交易的預期收益的陳述。通常，這些前瞻性信息可通過使用“計劃”、“預期”、 “預期”、“預期”等前瞻性術語來識別。“預測”、 “打算”、“預期”、“相信”，或某些行動、事件或結果“可能”、“可能”、“將”、“應該”、 “可能”或“將被採取”、“發生”或“將會實現”或其負面含義的詞語和短語或聲明的變體或類似的語言。前瞻性信息必須基於許多因素和假設，如果不屬實，可能導致公司的實際結果、業績或成就與此類陳述明示或暗示的未來結果、業績或成就大不相同。此類陳述和信息基於對當前和未來業務戰略以及公司未來運營環境的大量假設，包括預期成本和實現業務目標的能力。

Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking information including but not limited to: global economic and market conditions; the war on terrorism and the potential for war or other hostilities in other parts of the world; the availability of financing and lines of credit; successful integration of acquired or merged businesses; changes in interest rates; management's ability to forecast revenues and control expenses, especially on a quarterly basis; unexpected decline in revenues without a corresponding and timely slowdown in expense growth; the Company's ability to retain key management and employees; intense competition and the Company's ability to meet demand at competitive prices and to continue to introduce new products and new versions of existing products that keep pace with technological developments, satisfy increasingly sophisticated customer requirements and achieve market acceptance; relationships with significant suppliers and customers; as well as other risks and uncertainties, including but not limited to those detailed from time to time in the Company's public filings on EDGAR and SEDAR. Although the Company believes its expectations are based upon reasonable assumptions and has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. The Company provides forward-looking information for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are made as of the date hereof and, accordingly, are subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by applicable law.