10828416 Canada Inc. entered into an letter of intent to acquire Upper Canyon Minerals Corp. (TSXV:UCM.H) in a reverse merger transaction on November 30, 2018. Under the terms of the transaction, Upper Canyon Minerals Corp. will issue 30 million shares to shareholders of 108 Class A shares and will issue 13 million shares to shareholders of 108 Class B shares. Post completion of the transaction, 10828416 Canada Inc. will operate as a subsidiary of Upper Canyon Minerals Corp. Upon successful completion of the acquisition, the Company will cease operations as a mineral exploration company and will begin operating in the cannabis industry. The acquisition of 10828416 will constitute a change of business for the Company and, consequently, it will dispose of all of its remaining mineral property interests and will seek to delist from the TSX Venture Exchange and relist on the Canadian Stock Exchange. The transaction is subject to signing of the definitive agreement on or before January 14, 2019, due diligence, regulatory approval, third party approval all requisite board and shareholder approvals. The transaction is also subject to the approval by TSX Venture Exchange.

10828416 Canada Inc cancelled the acquisition of Upper Canyon Minerals Corp. (TSXV:UCM.H) in a reverse merger transaction on June 25, 2020.