Not for distribution to U.S. Newswire Solutions or for dissemination in the United States. Indiva Concerns Shares for Debt and Enters Into Shares for Solutions Arrangement LONDON, Ontario – October four, 2019: Indiva Restricted (the “Company” or “Indiva”) (TSXV:NDVA) (OTCQX:NDVAF) announces shares for solutions arrangement with an advisor of the Enterprise. The Enterprise has entered into an arrangement to satisfy charges payable to a consultant for future solutions rendered beneath an advisory agreement dated September 20, 2019, by way of the issuance of typical shares of the Enterprise (“Shares”). The quantity of Shares issuable will be primarily based on the marketplace price tag of the Shares following the date solutions are rendered beneath the agreement and will be issued pursuant to prospectus exemptions of applicable securities laws. Indiva also intends to problem a consultant 177,041 Shares, representing a deemed price tag of $.4787 per Share, to settle debt in the quantity of $84,750. The Shares will be topic to a 4-month hold period in accordance with applicable securities laws.   About Indiva Indiva’s worldwide household of cannabis brands set the normal for high-quality and innovation. Indiva aims to bring its exceptional portfolio of items to Canadians and cannabis enthusiasts about the planet as laws permit. Indiva’s production facility, primarily based in London, Ontario, involves aeroponic, environmentally-conscious develop rooms and a almost completed extraction and manufacturing space, which will be capable to procedure 70 tonnes of biomass annually and create protected, higher-high-quality cannabis-infused edibles. In Canada, Indiva will create and distribute Ruby® Cannabis Sugar, Sapphire™ Cannabis Salt and Ruby® Gems, as effectively as the award-winning Bhang® Chocolate, and other derivative items by way of licence agreements and joint ventures. Click right here to connect with Indiva on social media and right here to locate extra information and facts on the Enterprise and its items. Media Speak to Kate Abernathy Vice President of Communications Telephone: 613-296-5764 E-mail: [email protected] Investor Speak to Steve Low Investor Relations Telephone: 647-620-5101 E-mail: [email protected]   Disclaimer and Reader Advisory Neither the TSX Venture Exchange nor its Regulation Solutions Provider (as that term is defined in the policies of the TSX Venture Exchange) has in any way passed upon the merits of the Transaction and neither of the foregoing entities accepts duty for the adequacy or accuracy of this release or has in any way authorized or disapproved of the contents of this press release. Specific statements contained in this press release constitute forward-hunting information and facts. These statements relate to future events or future functionality. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and comparable expressions and statements relating to matters that are not historical information are intended to determine forward-hunting information and facts and are primarily based on the parties’ existing belief or assumptions as to the outcome and timing of such future events. Actual future final results could differ materially. In distinct, this release consists of forward-hunting information and facts relating to the Enterprise’s future operations, future solution offerings and entry into further markets, alterations to laws and regulations in Canada and internationally, compliance with applicable regulations, compliance with the terms of the Facility, the Enterprise’s capacity to draw on the Facility, and the anticipated use of proceeds of the Facility. Several assumptions or variables are commonly applied in drawing conclusions or generating the forecasts or projections set out in forward-hunting information and facts. These assumptions and variables are primarily based on information and facts at the moment offered to the parties. The material variables and assumptions consist of the parties becoming capable to get the vital regulatory and other third parties’ approvals and licensing and other dangers linked with regulated entities in the cannabis business. The forward-hunting information and facts contained in this release is created as of the date hereof and the parties are not obligated to update or revise any forward-hunting information and facts, regardless of whether as a outcome of new information and facts, future events or otherwise, except as expected by applicable securities laws. Since of the dangers, uncertainties and assumptions contained herein, investors really should not spot undue reliance on forward hunting information and facts. The foregoing statements expressly qualify any forward-hunting information and facts contained herein. This press release does not constitute an offer you to sell or a solicitation of an offer you to obtain any of the securities in the United States. The securities have not been and will not be registered beneath the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and could not be presented or sold inside the United States or to U.S. Persons unless registered beneath the U.S. Securities Act and applicable state securities laws or an exemption from such registration is offered. Not for distribution to U.S. Newswire Solutions or for dissemination in the United States. Any failure to comply with this restriction could constitute a violation of U.S. Securities laws.
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