Real Leaf Announces Combination of Typical Shares



Vernon, British Columbia–( Newsfile Corp. – December 9, 2020) – Real Leaf Brands Inc. (CSE: MJ) (OTC Pink: TRLFF) (FSE: TLA) (“ Real Leaf” or the “ Business“) reveals that it prepares to combine all of the Business’s provided and impressive typical shares (the “ Share” and, jointly, “ Shares“) on the basis of 9 (9) to one (1) (the “ Combination“). The Combination was formerly revealed on November 17, 2020 as part of its restructuring strategy.

Efficient December 10, 2020, with a record date of December 11, 2020, the Business anticipates to start trading the Shares on the Canadian Securities Exchange on a post-Consolidation basis under its existing name and ticker sign. The brand-new CUSIP and ISIN for the Shares is 89785F209 and CA89785F2098, respectively.

Prior to the Combination, the Business had 102,370,431 pre-consolidation Shares provided and impressive. Following the Combination, the Business has around 11,374,492 post-consolidation Shares provided and impressive. On the occasion that the Combination would otherwise lead to the issuance to any investor of a fractional post-Consolidation Share, no fractional post-Consolidation Common Shares will be provided and the variety of post-Consolidation Shares issuable to such investor that is less than 1/2 of a share will be cancelled and each fractional share that is at least 1/2 of a share will be altered to one entire typical share. Other than for any modification arising from the rounding explained above, the modification in the variety of Shares impressive that would arise from the Combination will trigger no modification in the stated capital attributable to the Shares.

A letter of transmittal will be sent by mail to signed up investors supplying directions to give up the certificates evidencing the pre-consolidation Shares kept in exchange for replacement certificates or Direct Registration Suggestions representing the variety of post-consolidation Shares to which they are entitled as an outcome of the Combination. Up until given up, each certificate representing pre-consolidation Shares will be considered for all functions to represent the variety of entire post-consolidation Shares to which the holder thereof is entitled due to the fact that of the Combination. Investors who hold their pre-consolidation Shares in brokerage accounts or in “street name” are not needed to take any action to give up or exchange the pre-consolidation Shares so held.

About Real Leaf

Real Leaf Brands Inc. is a wellness business. Its Real Leaf Cannabis Inc. department is a Certified Manufacturer and owner of Real Leaf School, an 18,000 square foot center situated on a 40-acre website zoned for the growing, processing, and sale of cannabis in Lumby, British Columbia.

ir.trueleafbrands.com

Financier Contact:

Darcy Bomford
Interim Ceo
[email protected]
250-260-0676

Positive Declarations

This press release includes positive declarations, and management might make extra positive declarations in action to your concerns. Such composed and oral disclosures are made pursuant to the Safe Harbor arrangement of the Personal Securities Lawsuits Reform Act of 1995 and Real Leaf thus declares such safe harbor security for all positive declarations. Positive declarations in this press release consist of – however are not restricted to – declarations associated with the Combination.

More especially and without constraint, this release includes positive declarations and info associating with application of the Combination and the timing thereof. There is a danger that the Combination might not happen or happen as prepared, and there is a danger that such occasion( s) happening or not happening (whether at all or as prepared) might have unfavorable unanticipated effect on the Business, its market for securities, and/or its future organization potential customers (that include fundraising and functional matters). Positive declarations are made based upon management’s beliefs, price quotes and viewpoints on the date that declarations are made and other than as needed by law, the Business carries out no responsibility to upgrade positive declarations if these beliefs, price quotes and viewpoints or other situations need to alter. Financiers are warned versus associating excessive certainty to positive declarations. For additional info on danger, financiers are encouraged to see the Business’s MD&A and other disclosure filings with the CSE regulators which are discovered at www.sedar.com.

The Canadian Securities Exchange (run by CNSX Markets Inc.) has in no chance passed upon the benefits of the proposed Deal and has actually neither authorized nor the contents of this news release.

To see the source variation of this news release, please check out https://www.newsfilecorp.com/release/69880

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