Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On January 19, 2022, Alain Parrik (age 26), a member of the Board of Directors ("Board") of Cannabis Suisse Corp. (the "Company"), resigned from the position of the Chief Operating Officer and Director of the Company. Mr. Parrik's decision to resign is not the result of any disagreement with the Company on any matter relating to the Company's operations, policies, or practices. The Board resolved to appoint Butkus Mantas (age 33) as the Chief Operating Officer and Director of the Company, effective on January 19, 2022.





Background

Prior to engaging as a Chief Operating Officer of the Company, from 2016-2020 Mr. Mantas worked as Software Engineer as a freelancer. Mr. Mantas attended Vilnius Coding School, learning programming languages. In 2020, he completed the courses in IT project management, Big Data, and SQL. In 2011, Mr. Mantas graduated from Lithuanian University of Educational Sciences in Technology/IT Networking with a Master's Degree.









On January 19, 2022



Forward-Looking Statements

Forward looking statements in this document are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

Except for historical information contained in this report, the matters discussed are forward-looking statements that involve risks and uncertainties, including but not limited to the spread of COVID-19 and governmental and industry response thereto. When used in this report, words such as "anticipates", "believes", "could", "estimates", "expects", "may", "plans", "potential" and "intends" and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the beliefs of the Company's management, as well as assumptions made by and information currently available to the Company's management. Among the factors that could cause actual results to differ materially are the following: the effect of business and economic conditions; the effect of the dramatic changes taking place in IT and healthcare; continuation of the General Electric Healthcare agreements; the impact of competitive technology and products and their pricing; medical insurance reimbursement policies; unexpected manufacturing or supplier problems; unforeseen difficulties and delays in the conduct of product development programs; the actions of regulatory authorities and third-party payers in the United States and overseas; and the risk factors reported from time to time in the Company's SEC reports. The Company undertakes no obligation to update forward-looking statements as a result of future events or developments.

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