Petlife Pharmaceuticals, Inc. and Red Rock Alternative Fund LLC have entered into an Agreement dated January 15, 2020, whereby Petlife will purchase a controlling interest in a new joint venture to grow, market and sell hemp products. In order to effectuate the joint venture, the parties have established a new company, THE MAYE INTERNATIONAL GROUP SARL ("NEWCO"), 51% which is owned by Petlife and 49% is owned by Company. Petlife will institute a management change within 30 days of January 15, 2020.

Upon appointment of new management, Sebastian Serrell-Watts will concurrently resign as Chief Executive Office, President, Secretary, Treasurer, Chief Financial Officer, and a Director of the company.