Monthly Progress report https://webfiles.thecse.com/9_-_Micron_Waste_Technologies_Inc._-_CSE_Form_7_-_September_Monthly_Progress.pdf?dJTTVRMR2rssPCTRdMb.g8TlGa3LWzkE=
FORM 7 MONTHLY PROGRESS REPORT Name of Listed Issuer: Micron Waste Technologies Inc. (the “Issuer” or the “Company”). Trading Symbol: MWM Number of Outstanding Listed Securities: 56,011,841 Date: October 7, 2020
Report on Business
1. Provide a general overview and discussion of the development of the Issuer’s business and operations over the previous month. Where the Issuer was inactive disclose this fact.
Over the past month, Micron Waste Technologies Inc., through itswhollyowned subsidiary of Micron Technologies Inc. has been manufacturing Class 1 Medical Devices pursuant to its Medical Device Establishment License from Health Canada. The Company has also achieved registration approval with the United States Food & Drug Administration. The Company, through Micron Technologies Inc., has been manufacturing 3-ply surgical face masks (Model F2100) and face mask filters (Model F98). The company’s Model F2100 Face Masks have been tested to achieve ASTM F2100 Medical Grade Level 3 clearance. The Company has delivered its F2100 face masks to organizations in Canada and the United States. The Company has received, installed and produced samples for its automatic N95 mask manufacturing machine. The Company has also launched its ecommerce strategy- by receiving approval to list as a Personal Protective Equipment manufacturer/distributor on Amazon USA and creating a Shopify store.
2. Provide a general overview and discussion of the activities of management.
The Company has been been manufacturing masks and seeking trial partners for the Pharmavore waste digester in order to advance the product to commercialization.
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3. Describe and provide details of any new products or services developed or offered. For resource companies, provide details of new drilling, exploration or production programs and acquisitions of any new properties and attach any mineral or strategic plan oil and gas or other reports required under Ontario securities law.
Micron Waste technologies Inc., through its subsidiary of Micron Technologies Inc., has established manufacturing capacity with the acquisition of state-of-theart mask making equipment. Including the purchase of a FLK120 surgical mask making machine, automatic cup type N95 Face mask forming machine and over 5 tonnes of raw material for mask and mask filter production. The company’s Model F2100 Face Masks have been tested to achieve ASTM F2100 Medical Grade Level 3. The Company has started offering medical grade level 3 masks and face mask filters to customers. The Company has started manufacturing samples of its N95 Model 8800 face masks. The Company is developing its e-commerce strategy with the plans of launching in mid October.
4. Describe any new business relationships entered into between the Issuer, the Issuer’s affiliates or third parties including contracts to supply products or services, joint venture agreements and licensing agreements etc. State whether the relationship is with a Related Person of the Issuer and provide details of the relationship.
None.
5. Describe the expiry or termination of any contracts or agreements between the Issuer, the Issuer’s affiliates or third parties or cancellation of any financing arrangements that have been previously announced.
None.
6. Describe any acquisitions by the Issuer or dispositions of the Issuer’s assets that occurred during the preceding month. Provide details of the nature of the assets acquired or disposed of and provide details of the consideration paid or payable together with a schedule of payments if applicable, and of any valuation. State how the consideration was determined and whether the acquisition was from or the dispositions was to a Related Person of the Issuer and provide details of the relationship.
None.
7. Describe the acquisition of new customers or loss of customers.
None.
8. Describe any new developments or effects on intangible products such as brand names, circulation lists, copyrights, franchises, licenses, patents, software, subscription lists and trade-marks.
None.
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9. Report on any employee hiring’s, terminations or lay-offs with details of anticipated length of lay-offs.
Company-wide, there were two new hires and 0 lay-offs.
10. Report on any labour disputes and resolutions of those disputes if applicable.
None.
11. Describe and provide details of legal proceedings to which the Issuer became a party, including the name of the court or agency, the date instituted, the principal parties to the proceedings, the nature of the claim, the amount claimed, if any, if the proceedings are being contested, and the present status of the proceedings.
None.
12. Provide details of any indebtedness incurred or repaid by the Issuer together with the terms of such indebtedness.
None.
13. Provide details of any securities issued and options or warrants granted. Security Number Issued Details of Issuance Use of Proceeds
14. Provide details of any loans to or by Related Persons.
None.
15. Provide details of any changes in directors, officers or committee members.
None.
16. Discuss any trends which are likely to impact the Issuer including trends in the Issuer’s market(s) or political/regulatory trends.
The Issuer’s business involves certain risks and uncertainties that are inherent to the Issuer’s industry. Please to the “Risks Related To The Business” section of the Issuer’s management discussion and analysis for the year ended December 31, 2019, which is available on SEDAR at www.sedar.com.
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Certificate Of Compliance The undersigned hereby certifies that: 1. The undersigned is a director and/or senior officer of the Issuer and has been duly authorized by a resolution of the board of directors of the Issuer to sign this Certificate of Compliance. 2. As of the date hereof there were is no material information concerning the Issuer which has not been publicly disclosed. 3. The undersigned hereby certifies to the Exchange that the Issuer is in compliance with the requirements of applicable securities legislation (as such term is defined in National Instrument 14-101) and all Exchange Requirements (as defined in CNSX Policy 1). 4. All of the information in this Form 7 Monthly Progress Report is true. Dated: October 7, 2020 Kal Malhi Name of Director or Senior Officer “Kal Malhi” Signature Interim President and CEO Official Capacity Issuer Details Name of Issuer Micron Waste Technologies Inc. For Month End Sept. 30, 2020 Date of Report YY/MM/D 2020/10/07 Issuer Address Suite 915 – 700 West Pender Street City/Province/Postal Code Vancouver, BC V6C 1G8 Issuer Fax No. NA Issuer Telephoone No. (604) 805-4602 Contact Name Kal Malhi Contact Position Interim President and CEO Contact Telephone No. (604)805-4602 Contact Email Address info@micronwaste.com Web Site Address www.micronwaste.com