Circadian Wellness Corp. entered into a share purchase and exchange agreement to acquire Mountain Valley Medicinals Inc. and its related assets including property on Vancouver Island in British Columbia, Canada (MVM Property) from Mountain Valley MD Holdings Inc. (CNSX:MVMD) for CAD 1 million on November 24, 2020. As reported, the purchase price of CAD 1 million will be adjusted upward for prepaid assets of approximately CAD 35,000. The adjusted purchase price will be paid by way of cash of approximately CAD 0.43 million and 3.11 million shares in capital stock of Circadian at $0.09 per share, representing approximately 9.1% equity stake in Circadian, as well as the payment in full of a mortgage of approximately CAD 0.32 million on the MVM Property. A deposit of CAD 0.1 million is to be paid upon execution of the share purchase and exchange agreement (within 48 hours). As a result of acquiring the Circadian Wellness shares, Mountain Valley will become a party to the unanimous shareholder agreement of Circadian Wellness. The sale of MVM, is anticipated to close on or about December 2, 2020 or as otherwise agreed by the parties. The sale will result in the reduction of Mountain Valley MD Holdings’ liabilities by way of payment of the mortgage as well as an indirect disposition of all of MVM’s assets, including MVM’s subsidiary, the MVM Property and a dormant cannabis licence application to Health Canada.