Trinity Pictures Distribution Limited agreed to acquire Appreciated Media Holdings Inc. (TSXV:AMH) ) from Kirk Shaw and others for CAD 50 million in a reverse takeover transaction on August 9, 2021. The consideration of the acquisition will be paid for aggregate consideration of CAD 50,000,000 to be paid through the issuance of 66,666,667 post-Consolidation Common Shares. Pursuant to the Arrangement Agreement, the Transaction will proceed as follows: the Appreciated will effect a consolidation of all of the outstanding Appreciated Media Holdings common shares on a 25 to 1 basis, each Trinity Share will be transferred to Appreciated in exchange for 470 post-Consolidation Common Shares. The Appreciated Media Holdings will change its name to Amcomri Entertainment Inc. Amcomri, a significant shareholder of Trinity, has provided approximately CAD 725,000 in bridge financing to Appreciated. In connection with the Transaction, all of such indebtedness will be converted into post Consolidation Common Shares at a price of CAD 0.75 per share, subject to approval of the TSXV and court approval. Upon completion of the Transaction, it is anticipated that Robert Price will continue as the Chief Executive Officer of the Resulting Issuer and Laurence Howard will continue as the Chief Financial Officer and the Corporate Secretary of the Resulting Issuer. In addition, the board of Directors of the Resulting Issuer is expected to be comprised of Paul McGowan (Non-Executive Chairman), Robert Price, Michael Walker, Martin Andrew (Andy) Lyon, Laurence Howard and at least one new additional independent Director to be identified by the Corporation prior to the mailing of the Circular. The transaction is subject to the approval of the TSXV and Appreciated's shareholders and the other conditions set out in the Arrangement Agreement. The board of Appreciated Media Holdings Inc. has unanimously determined that the arrangement is in the best interests of appreciated and is fair and reasonable to the shareholders. On November 24, 2021, the Corporation also announced receipt of conditional approval for listing of the Common Shares on the Neo Exchange Inc. As of December 17, 2021, Appreciated Media shareholders approve arrangement with Trinity Pictures. Wright Hassall LLP and Miller Thomson LLP acted as legal advisor for Trinity Pictures Distribution Limited. Norton Rose Fulbright Canada LLP acted as legal advisor for Appreciated Media Holdings Inc. in the deal. Odyssey Trust Company acted as transfer agent and registrar for the Appreciated Shares.

Trinity Pictures Distribution Limited completed the acquisition of Appreciated Media Holdings Inc. (TSXV:AMH) ) from Kirk Shaw and others in a reverse takeover transaction on January 10, 2022. The transaction is approved by British Columbia Supreme Court on January 4, 2022.