Private Placement

VANCOUVER, British Columbia, July 31, 2018: Wildflower Marijuana Inc. (CSE: SUN) (FWB: RSP) (“Wildflower” or the "Company") wishes to announce it has received subscriptions for a convertible debenture financing in the amount of $2.0M.  The debentures will have a maturity date of two years from the closing date of the Offering (the "Maturity Date") and will bear interest from the date of closing at 8.5% per annum, payable semi-annually. The Convertible Debentures will be convertible, at the option of the holder, into units of the Company at any time prior to the close of business on the last business day immediately preceding the Maturity Date at a conversion price of $0.85 per unit (the "Conversion Price"). Each unit will be comprised of one common share and one share purchase warrant with each warrant entitling the holder to purchase one common share at a price of $1.50 for a period of 2 years from the date of issue of the Convertible Debentures.  The Company may force the conversion of the principal amount of the then outstanding Convertible Debentures at the Conversion Price on not less than 30 days' notice should the daily volume weighted average trading price of the common shares be greater than $2.25 for any 20 consecutive trading days. 

The above mentioned financing has been fully subscribed and will close this week.  The proceeds will be used to fund previously announced expansion plans in New York and California.  All securities issued pursuant to the placement will be subject to a hold period of four months and one day from the date of closing.  

About Wildflower Marijuana Inc.

Wildflower is a holistic wellness company headquartered in Vancouver building reputable brands and quality products that incorporate the synergistic effects of plants and their extracts. 

 

On Behalf of the Board of Directors

 

William MacLean

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William MacLean

Director and CEO

 

The Canadian Securities Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved of the contents of this press release.