AlphaDelta Management Corp. entered into a non-binding letter of intent to acquire Arkadia Capital Corp. (TSXV:AKC.H) in a reverse merger transaction on March 10, 2020. Arkadia intends to consolidate the Arkadia Shares before or after the Proposed Transaction on not less than a 10:1 basisPost completion, Arkadia will change its name to AlphaDelta Financial Management Corp. Shortly after the dissemination of this press release, ADM intends to conduct a private placement to accredited investors of a minimum of 5,000,000 ADM Shares and a maximum of 20,000,000 ADM Shares, at a price of CAD 0.05 per ADM Share, for minimum gross proceeds of CAD 250,000 and maximum gross proceeds of CAD 1,000,000.

Immediately after the Proposed Transaction, Arkadia expects its directors or officers to be, Victor J Therrien as Chief Executive Officer and Chief Financial Officer, Maurice Levesque, Peter Van Dyke, Chris Harrison, Glenn Warkentin, Adam Rock as Corporate Secretary and John Schmitz. The Proposed Transaction is subject to a number of significant conditions, including, the Exchange has conditionally accepted the proposed transaction, ADM has closed the Pre-Closing Private Placement and satisfied all of the pre-closing conditions to the Concurrent Private Placement,