RE:Is something happening?On July 27, 2020, Kootenay formally commenced the Offer supported by the Lifted Board to acquire all of the Securities of Lifted. Shareholders and optionholders of Lifted (“Lifted Securityholders”) will be entitled to receive one (1) common share (“PeakBirch Share”) of PeakBirch Logic Inc. (“PeakBirch”) for each Share held and one (1) option to acquire one (1) PeakBirch Share (“PeakBirch Option”) for each Option held. Kootenay will be renamed “PeakBirch Logic Inc.” upon closing of the Transaction and has applied to have the PeakBirch Shares listed on the Canadian Securities Exchange. The Offer will be open for acceptance for 36 days until 5:00 p.m (Toronto time) on September 1, 2020, unless extended or withdrawn. The Offer will also be extended for a period of not less than 10 days after Kootenay first takes up the Securities under the Offer, provided that Kootenay does not take up and pay for 100% of the issued and outstanding Lifted Shares at the expiry of the initial deposit period. The Lifted Board has unanimously approved Kootenay’s acquisition of Lifted pursuant to the Offer and has unanimously recommended that Lifted Securityholders tender their Securities to the Offer. As of July 27, 2020, certain key Lifted Securityholders representing approximately 61% of the issued and outstanding Shares and approximately 73% of the issued and outstanding Options have agreed to tender their Securities to the Offer. The Offer is part of the Transaction involving Kootenay’s proposed business combination with Canndora, Greeny and Lifted that will result in a reverse takeover and change of business of Kootenay. Subject to the closing of the Transaction, PeakBirch, the resulting issuer following closing of the Transaction, will continue as a combination of the businesses of Canndora, Greeny and Lifted consisting primarily of operating e-commerce stores, providing services and related products to the cannabis industry. Closing of the Transaction is subject to a number of conditions, including, among others: (i) approval of the Canadian Securities Exchange; (ii) approval of Kootenay’s shareholders; (iii) completion of the consolidation of the Company’s shares; and (vii) completion of a financing of Canndora of a minimum of CAD $500,000 and up to CAD $1,500,000 prior to or concurrently with the closing of the Transaction. Subject to the foregoing conditions being satisfied or, if applicable, waived, the Transaction is anticipated to close in September, 2020. - 2 - The Offer is subject to certain conditions including, among others: (i) more than 50.1% of the issued and outstanding Shares shall have been validly deposited to the Offer and not withdrawn; (ii) conditional approval of the Canadian Securities Exchange for the Transaction shall have been obtained; (iii) Kootenay shall have obtained the requisite approval of the shareholders of Kootenay to the Transaction; (iv) the shareholders of each of Canndora and Greeny shall have approved the amalgamation of Canndora, Greeny and one of Kootenay’s subsidiaries; and (v) other customary closing conditions similar to a transaction of this nature. Forward Looking Statements Except for the statements of historical fact, this material change report contains “forward-l