Deveron Corp. (TSXV:FARM) agreed to acquire Assets of Tana Ag Solutions Group LLC for $1.1 million on May 14, 2021. As consideration for the Acquisition, Deveron has agreed to: (i) pay Tana Ag Solutions an initial cash payment of $37,500 upon signing of the Definitive Agreement, and an aggregate of $37,500 on each of the first two anniversaries of the signing of the Definitive Agreement and (ii) issue such number of common shares in the capital of Deveron equal to $37,500 at a price of $0.82 per Common Share upon receipt of the approval of the TSX Venture Exchange (the “TSXV”) and an additional number of Common Shares equal to $37,500 at a price of $0.82 per Common Share on each of the first two anniversaries of the signing of the Definitive Agreement. Under the terms of the Acquisition if all milestones are met, Deveron has agreed to pay an additional $909,440. Based on the achievement of certain milestones, the remaining $909,440 would be payable as follows: $125,000 in cash and issue such number of Common Shares equal to US$132,880 in the event that during the 12 month period (the first earn-out period), following the execution of the agreement, Tana Ag exceeds gross revenue for the prior twelve month period by at least $1,000,000. $150,000 in cash and issue such number of Common Shares equal to $156,800 in the event that during the 12 month period following the first earn-out period (the second earn-out period), Tana Ag exceeds gross revenue for the prior twelve month period by at least $1,000,000. $150,000 in cash and issue such number of Common Shares equal to $194,760 in the event that during the 12 month period following the second earn-out period, Tana Ag exceeds gross revenue for the prior twelve month period by at least $1,000,000.

The completion of the transaction remains subject to all regulatory and other approvals, including the approval of the TSX Venture Exchange.