Liht Cannabis Corporation

1186626 B.C. Ltd. is in the final stages of acquiring a 120 acre parcel of land zoned "Approved Use" by the Thompson-Nicola Regional District (the "TNRD") for the purpose of developing and operating bio-secure organic cannabis production facilities of up to 486,000 square feet. The project will be financed by 1186626 B.C. Ltd with an approximate cost to lock-up stage of C$81,600,000. Ground work to commence as soon as weather permits.

Liht proposes to attach a secondary license to the Chase property, whether through extending its current late-stage Health Canada application, which is attached to the Celista property (if and when it is granted), acquiring an individual secondary license or a late stage license application.

This ideal property has been selected for a number of reasons:
• Approved Use by the TNRD
• Close proximity to Highway 1, the main route of the Trans-Canada Highway through British Columbia,
allowing for future distribution coast to coast
• Multiple natural springs for an abundance of exceptional water
• Labour resources from the Thompson-Nicola Region
• Emergency services adequately meet Health Canada guidelines
Cost of production will be reduced by the implementation of a cogeneration system, providing a viable and beneficial power alternative which allows us to avoid costly conventional sources.

"Our partnership is aligned and collectively we are committed to our unique, innovative technology for the production of low-cost organic cannabis. Increasing our footprint in British Columbia will significantly raise our product output to supply the expected long term demands of the Canadian market. Our product will meet, if not exceed, the consumption standards as set out by Health Canada." Linda Sampson, President and COO

Terms Of Agreement

Pursuant to the JV Agreement, a designated nominee of Liht's joint venture partner will hold the title to the B.C. property to be acquired.
The parties will hold proportionate interests in the corporation holding the property and project. Liht will be responsible for constructing one or more facilities on the property for the purpose of producing cannabis and Liht's joint venture partner will fund the construction and related operational expenses and ancillary costs.

The potential cash flows available for distribution to the parties in any given month during the currency of the JV Agreement will be divided between the parties as follows: (a) in the event that at the time of a cash flow distribution Liht has not repaid in full all capital expenditures contributed: (i) 20% to Liht; (ii) 80% to the joint venture partner; (b) in the event that at the time of the cash flow distribution Liht has repaid in full all capital expenditures contributed: (i) 50% to Liht; (ii) 50% to the joint venture partner. These agreements will allow Liht to continue its growth strategy in the Province of British Columbia.