Calgary, Alberta, December 29, 2020 –Discover Wellness Solutions Inc. (formerly RMMI Corp.) (“Discover Wellness” or the “Company”) (CSE: WLNS), a licensed producer and processor under the Cannabis Act (Canada), is pleased to announce that it has completed the name change approved by its shareholders on December 22, 2020. Discover Wellness will continue to trade on the Canadian Securities Exchange (the “CSE”) under the symbol “RMMI” until the first week of January 2021 when the name change and new trading symbol, “WLNS”, will be reflected by the CSE.
Discover Wellness also announces that pursuant to its previously announced transaction, press release dated October 15, 2020, with SynerGenetics Bioscience Inc. (“SG”), Discover Wellness has taken possession of the first 550,000 kg of high-CBD biomass related to the Hemp Contribution Agreement and completed the Strategic Alliance agreement with SG, which provides Discover Wellness exclusivity over SG’s high-CBD genetics in Canada and assumption of its hemp CBD flower, biomass and concentrate business globally.
“The contribution of this first 550,000 kg of high-CBD biomass from SG and the completion of the Strategic Alliance agreement is a significant first step in leveraging the combined resources under the Discover Wellness umbrella” commented Peter Cheung, Interim Chief Executive Officer and Chief Financial Officer. “This marks a milestone in developing Discover Wellness into the premiere publicly-traded pure-play hemp CBD company with global scope” he added.
In connection with taking possession of the first 550,000 kg of high-CBD hemp biomass pursuant to the Company’s previously announced Hemp Contribution Agreement and the completion of SG Strategic Alliance agreement, the Company has issued 19,734,000 common shares.
Discover Wellness has granted 200,000 stock options with an exercise price of $0.355 to a Company consultant.