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BREAKING: Mota Ventures Signs Letter of Intent for Merger with Stillcanna

  • Stillcanna looks to become one of the largest producers of THC-free CBD extracts in Europe
  • Stillcanna's Polish extraction facility, NEXUS, features industrial-scale centrifugal chromatography equipment that allows for the production of bulk THC-free CBD distillate as well as custom Cannabinoid profiles
  • In February 2020, Stillcanna's Romanian extraction facility, ORIGIN, which operates pursuant to a joint venture between Stillcanna and Dragonfly Biosciences Ltd., received approval from the Ministry of Health and the Anti-Drug Agency to become the first government recognized extraction facility in the country
  • To date C$23,000,000 has been invested by Stillcanna in the cultivation and extraction operations,
  • Current cash on hand in Stillcanna of approximately C$7,000,000
  • Stillcanna's CBD extracts are key to unlocking additional value in Mota's retail offerings in Europe
  • Shareholders of Stillcanna would receive one common share of Mota for every 1.8 common shares of Stillcanna held at the time of exchange

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Message: Kuuhubb Announces Issuance of 246,134 Common Shares to Settle Amounts Due and Resignation of Mr. Arnold Kondrat

Kuuhubb Announces Issuance of 246,134 Common Shares to Settle Amounts Due and Resignation of Mr. Arnold Kondrat

posted on Mar 25, 2019 07:14PM

TORONTO, March 25, 2019 -- Kuuhubb Inc. ("Kuuhubb" or the "Company") (TSX-V: KUU), a mobile game development, and publishing company, targeting a female audience with bespoke mobile experiences, announces that, further to the settlement agreement which was announced by the Company on February 27, 2019, the Company issued on March 11, 2019 a total of 246,134 common shares at a price per share of $0.375 to Messrs. Maurice Colson and Geoffrey Farr to settle an outstanding debt of $92,300 in aggregate in director fees and other salary owed by the Company to Messrs. Colson and Farr. The common shares issued are subject to a four-month statutory hold period, which expires in July 12, 2019.

The Company also announces that Mr. Arnold Kondrat resigned from the board of directors of the Company, effective as of March 25, 2019.

About Kuuhubb

Kuuhubb is a company active in the digital space that focuses mainly on lifestyle and mobile game applications for the female audience. Its strategy is to create sustainable shareholder value through acquisitions of proven, yet underappreciated, assets with robust long-term growth potential. Headquartered in Helsinki, Finland, Kuuhubb has a global presence with a strong focus on developing U.S. brand collaborations and Asian partnerships.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information, please contact:

Kuuhubb Inc.

Jouni Keränen – CEO
[email protected]
Office: +358 40 590 0919

Bill Mitoulas
Investor Relations
[email protected]
Office: +1 (416) 479-9547

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