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Synergenetics Bioscience Inc. Announces Acquisition Of Common Shares Of Discover Wellness Solutions Inc.

SynerGenetics Bioscience Inc. has acquired 14.25 million common shares in the capital of Discover Wellness Solutions Inc. (formerly RMMI Corp.). The corporation issued the common shares to the acquirer as partial consideration for the contribution of premium high-cannabidiol hemp flower and biomass from the acquirer, in connection with a definitive purchase agreement dated Oct. 14, 2020, for the contribution of up to one million kilograms of hemp biomass from the acquirer (refer to press release dated Oct. 15, 2020, for details of the hemp contribution agreement).

Prior to the acquisition, the acquirer did not own or control any common shares of the corporation.

Immediately after the acquisition, the acquirer owned and controlled 14.25 million common shares, being approximately 26.92 per cent of the issued and outstanding common shares.

The common shares acquired are subject to certain trading restrictions. The acquirer reserves the right, directly or indirectly, to acquire ownership or control over additional securities in accordance with applicable securities legislation, or from time to time to dispose of any securities of the corporation that it may own.

A copy of the early warning report will appear on the corporation’s profile on SEDAR.

The address of the acquirer is care of Suite 305 South Tower, 5811 Cooney Rd., Richmond, B.C., V6X 3M1.

About Discover Wellness Solutions Inc.

Discover Wellness (formerly RMMI Corp.) is a Canadian company licensed, through its subsidiary, to cultivate, produce, process and sell cannabis in various forms. The corporation’s vision is to enhance shareholder value by establishing cost leadership in hemp processing and CBD extraction coupled with a global distribution strategy.

— Discovery Wellness Solutions (ticker – WLNS:CSE)

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Eason Chen is a chartered professional accountant with over 15 years of experience in corporate governance, corporate finance, financial reporting, Canadian and cross-border listings. He previously held senior managerial position at Ernst & Young LLP, MNP LLP and numbers of public listed companies. He is currently a CFO of a public listed company on the Canadian Securities Exchange and the chairman of audit committee of a public listed company on London Stock Exchange.

Eason Chen, CPA, CA

Eugene is a partner at Shea Nerland LLP, with over 20 years experience as a securities, corporate finance and mergers & acquisitions lawyer. He acts for and is a trusted advisor to emerging and growth-oriented companies on corporate finance, securities and mergers & acquisition matters. Eugene has provided extensive advice on initial public offerings, private placements, take-over bids, stock exchange listings, shareholder and proxy related matters, securities reporting, regulatory compliance and mergers & acquisitions.

EUGENE CHEN, B.SC., LLB

Dave is a senior financial executive with over 35 years of experience. His career includes leadership roles in financial reporting, capital markets and risk management in public and private companies in Canada, the US and internationally. Mr. Guebert is a CPA, CA (Alberta), and has his CPA designation in Pennsylvania. He has served as CFO of a number of public and private enterprises and is a longstanding director of Merus Labs, a specialty bio-pharmacy company listed on the TSX and NASDAQ exchanges. Dave is also a director of Legend Power Systems listed on the TSX-V.

DAVE GUEBERT, CPA, CA

Tony is an expert in the health and benefits insurance industry. With over 25 years of experience, Tony brings a unique perspective to the Discover Wellness Solutions Board of Directors. Tony is the founder and President of Fairfield, Watson & Lewis Inc., one of the largest independent employee benefit consulting firms in Western Canada; the President of FWC Benefits Inc., a health and dental claims payment company; and President of Benefit Evolution Advisory, a recently-acquired, Edmonton-based employee benefits consulting firm.

TONY FAIRFIELD

Surinder is a talented plant scientist and researcher with over 10 years of experience. He manages the scientific, research and technological operations of Discover Wellness Solutions. Surinder received his Ph.D. from McGill University and has served as a plant scientist at the University of Saskatchewan. He has received numerous awards, a patent on a brewing-process, and is widely recognized in the field of plant molecular biology and biochemistry. He is experienced in the study and practical application of cannabis cultivation and cannabis oil extraction.

DR. SURINDER SINGH, B.SC., M.S., PH.D.

Chief Scientist

Manish has over 12 years experience in the capital markets. Over ten years as an Equity Research Analyst with various boutique investment banking firms in Toronto; where he covered a wide range of sectors ranging from Technology, Gaming, FinTech and Telcos. He also spent a year with a gold mining company as their Investor Relations and Corporate Development Director. Manish has an MBA in Finance from Cardiff University and B.Com (honors) from Delhi University. He has also completed his CFA.

MANISH GRIGO

Chief Strategy Officer

Sunny has nearly a decade of experience in quality assurance and regulatory management in the international pharmaceutical products industry. Sunny received his Master of Pharmacy in 2008 and served as a research scientist for a number of years.

SUNNY DABAS, B.PHARM., M. PHARM.

QUALITY ASSURANCE MANAGER

Peter is a senior financial professional who brings over 20 years and over 40 billion dollars worth of experience to Discover Wellness Solutions in accounting, treasury, corporate finance, mergers and acquisitions, strategic planning, governance, operations and investment banking. Peter was most recently CFO and Corporate Secretary of Ceiba Energy Services Inc. (TSX-V) and the VP Finance and CFO of Petrobank Energy & Resources Ltd (TSX). Peter is passionate about his community and has served on a number of for-profit and not-for-profit Boards.

PETER CHEUNG - CPA, CA

INTERIM CEO AND CFO

Peter is a senior financial professional who brings over 20 years and over 40 billion dollars worth of experience to Discover Wellness Solutions in accounting, treasury, corporate finance, mergers and acquisitions, strategic planning, governance, operations and investment banking. Peter was most recently CFO and Corporate Secretary of Ceiba Energy Services Inc. (TSX-V) and the VP Finance and CFO of Petrobank Energy & Resources Ltd (TSX). Peter is passionate about his community and has served on a number of for-profit and not-for-profit Boards.

Mike Stuart

Head of Sales , Intel