Taiga Motors Inc. entered into a letter of intent to acquire Canaccord Genuity Growth II Corp. (TSX:CGGZ.UN) for a pre-money valuation of CAD 300 million in a reverse merger transaction on December 24, 2020. Taiga Motors Inc. entered into a merger agreement to acquire Canaccord Genuity Growth II Corp. (the “Corporation”) in a reverse merger transaction on February 17, 2021. In consideration for the acquisition of Taiga, common shares of the Corporation (the "New Taiga Common Shares") will be issued to the existing shareholders of Taiga. The Merger values Taiga at CAD 300 million on a pre-money basis and implies a market capitalization of CAD 537 million based on the Private Placement offering price of CAD 3.00 per share. In connection with the Merger, certain outstanding options to acquire Taiga shares will be exchanged for options to acquire New Taiga Common Shares and outstanding warrants to acquire Taiga shares will be exchanged for warrants to purchase New Taiga Common Shares. In connection with the Merger, the Class A Restricted Voting Shares underlying the Class A Restricted Voting Units not required to be redeemed will convert into New Taiga Common Shares on a one for one basis. The New Taiga Common Shares and the Warrants will then separate, and the New Taiga Common Shares and the Warrants will trade separately. Current Taiga shareholders and CGGZ shareholders expected to own 57% and 24% of pro forma Taiga upon closing of the Transaction and the PIPE. The closing of the Private Placement will occur contemporaneously with the Closing, and, in connection with the Closing, the CGI Shares will be exchanged for New Taiga Common Shares on a one-for-one basis. The Private Placement is subject to customary conditions, including the closing of the Merger. The Corporation also announces a CAD 100 million private placement (the "Private Placement") to fund Taiga's growth strategy, working capital and general corporate purposes along with remaining funds from CGGZ's CAD 102 million of escrowed funds. CGGZ intends to delist its securities from the Neo Exchange Inc. prior to closing of the qualifying transaction. On closing of the Merger, Taiga will become a wholly-owned subsidiary of Canaccord. In connection with the Closing, it is the Corporation's intention to rename itself Taiga Corporation / Corporation Taiga. As of March 26, 2021, the combined company will be renamed to Taiga Motors Corporation. The Corporation has reserved the symbols "TAIG" and "TAIG.W" for the common shares and warrants, respectively.

Following the closing of the Merger, Taiga Corporation will be led by Samuel Bruneau, Taiga's current Chief Executive Officer and Co-Founder, and Taiga's current management team. The following are the executive officers and directors of the Company following Closing namely Kent Farrell, Director; Martin Picard, Director; Angela Rowland, Director; Tim Tokarsky, Chairman of the Board; François R. Roy, Director; Gabriel Bernatchez, Chief Technical Officer and Co-Founder; Paul Achard, Chief Vehicle Development Officer and Co-Founder; Jacques Demont, Chief Commercial Officer; Bernard LeBlanc, Chief Operating Officer and Mark Orsmond, Chief Financial Officer. The Merger is subject to the satisfaction of customary conditions, including TSX, expirations or terminations of waiting periods imposed by any governmental authority necessary to effect the transactions shall have occurred, been filed or obtained and NEO approvals, Dissent rights should not exceed 10% of the aggregate number of the Taiga shares, all resolutions of the shareholders and Board of Directors of Taiga and Canaccord approving the entering into and completion of the transactions, execution of lock-up agreements, minimum of CAD 75 million in cash shall remain in the Canaccord at the time of closing, resignations of the current directors and officers of Canaccord. It is a condition of closing that the New Taiga Common Shares and the Warrants be listed on the Toronto Stock Exchange (TSX). Shareholders representing 66 2/3% of the Taiga outstanding shares to vote in favour of the transactions. In connection with the proposed Qualifying Acquisition, the Corporation will call special meetings of the shareholders and warrant holders of the Corporation. As of March 29, 2021, the NEO has accepted the qualifying transaction. The meeting is expected to be held on March 30, 2021. At the Shareholder Meeting, holders of the Class A restricted voting shares and the Class B shares of the Corporation will vote on (i) a resolution authorizing a consolidation of the issued and outstanding common shares of the Corporation (the "Common Shares") on the basis of five (5) pre-consolidation Common Shares for each one (1) post consolidation Common Share to take place immediately after closing of the transaction (ii) a resolution authorizing the change of name of the Corporation to "Taiga Motors Corporation"; and (iii) a resolution authorizing the board of directors of the Corporation to adopt an omnibus equity incentive plan, the full text of which is set out in Appendix B of the Circular. Each of the foregoing resolutions will be conditional upon Closing. In addition, holders of the Class A restricted voting shares will vote on a resolution to extend the date by which the Corporation has to consummate a qualifying transaction from April 5, 2021 to May 31, 2021 if necessary. As of March 30, 2021, the transaction received the approval of shareholders and warrant holder approval of Canaccord Genuity Growth II Corp. with 99.99% of votes and the resolution authorizing the change of name of the Corporation to "Taiga Motors Corporation" is also approved with 99.99% of votes. In addition, the resolution to extend the date by which the Corporation has to consummate a qualifying transaction from April 5, 2021 to May 31, 2021 was approved by the affirmative vote of 95.06% of the votes represented by the holders of the Class A restricted voting shares at the shareholders meeting. Completion of the merger is currently expected to occur in April 2021. As of March 29, 2021, the transaction will close during the week of April 19, 2021. As on April 19, 2021, Canaccord Genuity expects to close the transaction on April 21, 2021. Stephen Pincus, William (Bill) Gorman and David Coll-Black of Goodmans LLP is acting as legal counsels to Canaccord Genuity Growth. National Bank Financial is also acting as sole financial advisor to Taiga. Jean-Nicolas Delage, Caitlin Rose, Christian Jacques, Jean Michel Lapierre and Martin Legault of Fasken Martineau DuMoulin LLP is acting as legal counsel to Taiga. Canaccord Genuity Corp., Cormark Securities Inc. and Eight Capital Corp. acted as the financial advisors to Canaccord Genuity as part of the transaction. Odyssey Trust Company is acting as transfer agent to the Corporation. Troutman Pepper Hamilton Sanders LLP acted as legal advisor to Taiga Motors Inc.