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Cannabis One Holdings Inc. Enters into Agreement with ...

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Cannabis One Holdings Inc. Enters into Agreement with Colorado-Based Itachi Advisory Group LLC to Acquire Portfolio of U.S. Cannabis AssetsVANCOUVER and DENVER, April 25, 2019 /CNW/ -Cannabis One Holdings Inc. (CSE:CBIS) ("Cannabis One", "CBIS" or the "Company"), an emerging, premier "House of Brands" in North America, is pleased to announce that it has entered into a letter agreement (the "Agreement") with Colorado-based cannabis industry consulting firm Itachi Advisory Group LLC ("Itachi"), to pursue acquisitions related to a suite of portfolio assets related to cannabis retail, cultivation, and manufacturing operations from certain entities (each, a "Seller" and collectively, the "Sellers") advised by Itachi (each, a "Transaction" and collectively, the "Transactions").

On execution of the Agreement, Jeffery Mascio, CEO of Cannabis One, stated, "We believe this new partnership with Itachi will provide CBIS with a profound opportunity to explore the acquisition of a series of accretive transactions designed to rapidly expand our cannabis-related infrastructure." Mr. Mascio continued, "We believe that Neil Demers and his team at Itachi have identified a host of attractive assets for Cannabis One to consider and we look forward to evaluating each opportunity independently, on its merits, but with the express intention of moving towards a definitive agreement with each party as quickly as may be practicable."

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