Cann-Is Capital Corp. (TSXV:NIS.P) is seeking acquisitions opportunities. Cann-is Capital will not be proceeding with the proposed qualifying transaction with Uptempo Inc. and the letter agreement dated June 1, 2020, between the corporation and Uptempo has been terminated. No cash or deposit advance was made by Cann-is to Uptempo in connection with the proposed qualifying transaction. The corporation is now evaluating other acquisition opportunities with a view to completing a qualifying transaction.