BZAM To Purchase Additional Shares Of BZAM Cannabis

BZAM Ltd. BZAMF BZAM has agreed to purchased an aggregate of 630,000 class A shares in the capital of BZAM Cannabis Corp., from certain minority shareholders of BCC pursuant to share purchase agreements entered into with each of the BCC shareholders. As consideration for the share purchase, the company will issue an aggregate of 255,000 common shares of the company to the BCC shareholders, at an average deemed issuance price of $0.225 per common share. Such common shares will be issued in reliance on certain prospectus exemptions available under securities legislation and will be subject to a four-month plus one day statutory hold period.

The issuance of such common shares for the purpose of the share purchase remains subject to all necessary regulatory approvals including final acceptance by the Canadian Securities Exchange. Once approved, the closing of the share purchase will result in the company owning 71.2% of BCC, which is a 13.6% increase of the company's existing ownership stake of BCC.

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