Ikänic Farms (Cannus Partners Inc.) entered into an agreement to acquire Canadian Imperial Venture Corp. (TSXV:CQV.H) in a reverse merger transaction on April 2, 2019. Pursuant to the agreement, Canadian Imperial has agreed to acquire all of the issued and outstanding securities of Cannus and the business of Cannus by way of a three-cornered amalgamation between Canadian Imperial, Cannus and Newco pursuant to the provisions of the Canada Business Corporations Act. Prior to the completion of the transaction, Canadian Imperial will designate its common shares as subordinate voting shares and create a new class of Series A compressed multiple voting shares. Each resulting Series A share will have the economic and voting rights of 100 resulting issuer SV shares, and shall be convertible into resulting issuer SV shares on the terms and conditions to be determined by Cannus. The company will consolidate its existing shares on a ratio to be mutually agreed upon by the company and Cannus such that immediately prior to the closing of the transaction, there will be an aggregate of 9.5 million common shares of the company issued and outstanding on a post-consolidation basis, which will be re-designated into resulting issuer SV shares such that shareholders of the company will own 9.5 million resulting issuer SV shares. Pursuant to the terms of the agreement, it is anticipated that Newco and Cannus will amalgamate to form a single subsidiary of the company and that in consideration for the cancellation of all outstanding securities of Cannus, the security holders of Cannus will receive, one resulting issuer SV share for each common share of Cannus; One resulting Series A share for each Series A compressed share of Cannus, one option to purchase resulting issuer SV shares for each option to purchase Cannus common shares on the same terms and conditions as each Cannus common option, one option to purchase resulting Series A shares for each option to purchase Cannus Series A shares on the same terms and conditions as each Cannus Series A option, one purchase warrant for resulting issuer SV shares for each purchase warrant for Cannus common shares on the same terms and conditions as each Cannus common warrant, one purchase warrant for resulting Series A shares for each purchase warrant for Cannus Series A shares on the same terms and conditions as each Cannus Series A warrant and one purchase warrant for resulting issuer SV shares for each broker right to purchase Cannus common shares on the same terms and conditions as each Cannus broker right. Canadian Imperial Venture intends to change its name to Ikänic Farms as a part of the transaction.

On completion of the transaction all the current Directors and Officers of Canadian Imperial Venture will resign and in their place there will be appointed or elected nominees to be determined by Cannus as Directors and such persons to be determined by Cannus as Officers. Upon completion, the management and board of directors of resulting entity will be Brian Baca, Chief Executive Officer, President and Director; Ryan Ciucki, Chief Financial Officer and Director; William Keating, Chief Operating Officer and Director, Secretary; Chad White, Borja Sanz de Madrid, JJ Thomas and Daniel Gillis as Directors. The transaction is subject to various conditions including a financing for gross proceeds of no less than CAD 10 million, working capital and cash position requirements for Canadian Imperial Venture Corp, receipt of all necessary shareholder and regulatory approvals, the execution of related transaction documents, approval of the TSX Venture Exchange for the delisting of the common shares of Canadian Imperial Venture Corp. from the TSXV and conditional approval of Canadian Securities Exchange for the listing of the resulting issuer shares following completion of the transaction, third party consents, waivers and approvals, including the acceptance of the TSX Venture Exchange in respect of the voluntary de-listing of the Company's shares. As of March 18, 2021, Ikänic Farms has received conditional approval from the Canadian Securities Exchange to list the shares of the Company for trading on the CSE, under the ticker symbol "IKNK" following completion of the transaction. Canadian Imperial Venture Corp. has received conditional approval from the Canadian Securities Exchange to list the shares of the Canadian Imperial Venture for trading on the CSE.

Ikänic Farms (Cannus Partners Inc.) completed the acquisition of Canadian Imperial Venture Corp. (TSXV:CQV.H) in a reverse merger transaction on March 30, 2021. The resulting issuer will start trading under the name Ikänik Farms Inc. on or about April 1, 2021.