Global Cannabinoids (GC) announced a proposed business combination transaction with EXMceuticals Inc. Following the completion of the Business Combination, the Combined Company will operate under the GC's corporate name. Upon completion of the Business Combination, GC's current Chief Executive Officer, Kelly Ann Lewis-Bortman, will lead the Combined Company and management team as the Chief Executive Officer. Jonathan Summers will be appointed the chairman of Combined Company. The combined Board of Directors will consist of a total of five members, three of which, including Mrs. Bortman, are current GC directors and two of which will be from EXM, one of which will be Jonathan Summers. EXM's Chief Financial Officer, Mike Kinley, will continue as the Chief Financial Officer of the combined entity.