Kapoose Creek Wellness Ltd. entered into a letter of intent to acquire Venerable Ventures Ltd. (TSXV:VLV) in a reverse merger transaction on September 7, 2021. Pursuant to the letter of intent, Venerable Ventures proposes to acquire all of the outstanding share capital of Kapoose Creek Wellness Ltd. in exchange for an equivalent number of common shares of Venerable Ventures Ltd. Kapoose Creek Wellness Ltd. entered into definitive amalgamation agreement to acquire Venerable Ventures Ltd. (TSXV:VLV) in a reverse merger transaction on November 1, 2021. Following completion of the transaction, all existing share purchase warrants and incentive stock options of Kapoose will be exercisable to acquire common shares of Venerable Ventures under their existing terms. No cash consideration is payable by Venerable Ventures to Kapoose in connection with completion of the transaction. Prior to closing of the transaction, Venerable Ventures intends to apply to list its common shares on the Canadian Securities Exchange, and voluntarily delist its shares from the TSX Venture Exchange, as well as complete a concurrent financing. On closing of the transaction, it is anticipated that Venerable Ventures will change its name to ?Kapoose Creek Wellness Ltd.? and will reconstitute its board and management to consist of nominees of Kapoose.

Completion of the transaction remains subject to a number of conditions, including the completion of satisfactory due diligence, the negotiation and finalization of definitive documentation, receipt of any required regulatory and third-party consents, approval of minority shareholders of Venerable Ventures to the delisting of its common shares from the TSX Venture Exchange, the Canadian Securities Exchange having conditionally accepted the listing of Venerable Ventures?s common shares, the TSX Venture Exchange having accepted the voluntarily delisting of the Venerable Ventures?s common shares, and the satisfaction of other customary closing conditions. As of May 18, 2022, Venerable Ventures announces that the transaction is delayed completion due to current market conditions.

Kapoose Creek Wellness Ltd. cancelled the acquisition of Venerable Ventures Ltd. (TSXV:VLV) in a reverse merger transaction on February 20, 2024.