On January 18, 2022, Cannagistics Inc., through its subsidiary, The Integrity Wellness Group, Inc., (‘Integrity Wellness') entered into a joint venture/partnership agreement (‘Agreement') with Medizone Bio, Inc., (‘Medizone Bio'). The Agreement provides for a 50/50 partnership for the production of biodegradable face masks, and medical supplies, such as personal protective equipment (PPE) and COVID-19 testing materials. Under the Agreement, Integrity Wellness is to provide an initial funding of $300,000 in financing for Medizone Bio to manufacture the first Medizone Bio products purchase order.

This purchase order has a value of $1,200,000. Integrity Wellness will provide the partnership with financing, marketing, sales distribution in wholesale, retail and direct-to-consumer (e,g., QVC, HSN, Amazon, etc.), financing for general working capital and purchase order financing, while Medizone Bio provides the partnership with a series of purchase orders. The net profits, if any, will be distributed between the partners in equal proportions.