Benchmark Botanics Inc. (CNSX:BBT) entered into a share exchange agreement to acquire additional 25.9% stake in 1139000 B.C. Ltd. from shareholders for CAD 5.4 million on July 7, 2020. The consideration includes issuance of 30 million shares by Benchmark in exchange for 5.2 million Common shares of 1139000. Benchmark currently owns 5 million Common shares of 1139000 and after completion of the transactions contemplated under the Agreement, Benchmark will own 10,199,000 Common shares, which will represent 51% of issued and outstanding share capital of 1139000. Closing of the transactions is subject to compliance with the requirements of the Canadian Securities Exchange and applicable securities laws. The transaction is expected to close on August 15, 2020.