Empower Clinics Inc. (CNSX:CBDT) entered into a non-binding term sheet to acquire 1814764 Ontario Limited for CAD4.8 million on October 27, 2021. Under the proposed terms, the Empower will pay CAD 2.5million at closing and a CAD 0.25 million. The post-closing payment will be held back by the Empower pending satisfaction of the performance milestones set out in the definitive agreement and, if earned, will be released six months following the closing. At closing, the Empower will issue common shares in the capital of Empower having an aggregate value of CAD 1.55 million. Further, the issuance at the closing of shares having an aggregate value of CAD 0.5 million which, at the closing, will be issued into escrow with an escrow agent appointed by Empower, and will vest in quarterly instalments over 24 months from the closing. 1814764 Ontario generated revenue of CAD 4 million for the year ended 2020. The transaction is subject to due diligence by both parties. The transaction is expected to close early December 2021.