cdva_ex992

安大略省多伦多，2020年12月2日-专注于大麻的消费品公司CordovaCann Corp. (cse：cdva)(场外交易市场代码：LVRLF)(以下简称科尔多瓦公司或公司)今天宣布，根据2020年11月10日公布的意向书，该公司已收购马尼托巴公司10062771的多数股权。这笔交易将使Cordova能够迅速在马尼托巴省开设两家娱乐大麻商店，品牌为 Star Buds，第一家商店今天在温尼伯市波蒂奇大道2519号开业。这家星芽商店将开始处理通过其网站www.starbus.co，从客户那里获得的在线提货订单，并且还将向未到店的客户开放。被许可方已经正在开发第二个站点，该站点将于明年初开业，并计划在整个 2021年申请在马尼托巴省开设更多门店。

根据交易的条款，Cordova以完全稀释的方式收购了被许可方51%的已发行和流通股( “购买的股份”)。购买的股份的收购价为15万美元(150,000美元) 支付给被许可方，并向被许可方的当前股东授予600万(600,000)股科尔多瓦的认股权证。*每份认股权证持有人有权以0.32美元的行使价购买本公司股本中的一股普通股直至2022年11月30日(统称为“对价”)。此外，Cordova已同意向被许可人提供至多150,000美元(150,000美元)的贷款，以便在马尼托巴省开设第二家门店。商店将由被许可方以星芽品牌名称运营，公司将向被许可方提供零售店设计和布局、标准操作程序、员工培训、融资资源和系统支持。Cordova对被许可人未来的任何一次发行或二次出售股份也有优先购买权，并有认购选择权，可在截止日期两年周年之后的任何时间购买被许可人的所有已发行股权，估值相当于被许可人的往绩12个月正常化EBITDA的四倍。

根据适用的加拿大证券法规的规定，本新闻稿包含有关公司业务、运营以及财务业绩和状况的“前瞻性信息”。本新闻稿中的所有陈述除历史事实陈述外，均为加拿大适用证券法所指的有关公司的“前瞻性信息”，包括有关公司计划的业务活动、交易的预期收益的陈述。通常，这些前瞻性信息可通过使用“计划”、“预期”、 “预期”、“预期”等前瞻性术语来识别。“预测”、 “打算”、“预期”、“相信”，或某些行动、事件或结果“可能”、“可能”、“将”、“应该”、 “可能”或“将被采取”、“发生”或“将会实现”或其负面含义的词语和短语或声明的变体或类似的语言。前瞻性信息必须基于许多因素和假设，如果不属实，可能导致公司的实际结果、业绩或成就与此类陈述明示或暗示的未来结果、业绩或成就大不相同。此类陈述和信息基于对当前和未来业务战略以及公司未来运营环境的大量假设，包括预期成本和实现业务目标的能力。

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.