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Unified Cannabis of Canada Joins with Cannagistics

September 18, 2019

TORONTO & CALGARY, Alberta--(BUSINESS WIRE)--Sep 18, 2019--

Cannagistics, Inc (OTCMarkets: “CNGT”) (the “Company” or “Cannagistics”) announced the signing of a Letter of Intent (the “LOI”) with Unified Cannabis of Calgary, Canada (“Unified”) whereby Unified will merge qualified assets into the Company in an all-stock transaction. The Company will then raise the capital necessary to effectuate the merger of the assets and acquisition targets of Unified and for the explosive organic growth strategy of Cannagistics and Unified, combined, thus creating the first CBD/Hemp/Cannabis International Vertically Optimized Company (CIVOC).

“I’m excited today to announce this combination creating the first CIVOC,” stated Cannagistics CEO, James Zimbler, “Unified’s impressive talent pool of over 100 years of cannabis cultivation, supply chain and retail experience along with key profitable operating assets combined with our logistics and licensed CBD Intellectual Property is creating a unique profitable international powerhouse in this evolving industry.”

As part of the transaction, Unified will be bringing acquisitions with up to C$50M of revenue of CBD/hemp/cannabis cultivation, supply chain and retail stores from the mature Colorado & Oregon markets, Canadian emerging market along with some cannabis real estate assets. These acquisitions are all accretive and have positive earnings. Cannagistics will be seeking the funding for those transactions through its both U.S. and Canadian sources.

“We’re ecstatic to be joining forces with Cannagistics and be able to help monetize their licensed CBD Fast Acting IP into products,” added Unified Chairman Jonathan Denis. “Being able to grow, manufacture and then retail those patented fast acting CBD products into our stores will give us a competitive edge in having a premiere science based highly effective CBD line. Along with the infrastructure provided by the Unified acquisition targets for both cultivation, processing, logistical and retail we now have one of the first CBD product and services related companies that is profitable within one quarter of consolidation.”

The combination creating the first CIVOC will allow for fast profitability, with outstanding corporate governance and a highly experienced team. Maximizing cross border opportunities will enhance profitability and shareholder value.

The transaction’s first stage of asset closing is expected this month with subsequent closings subject to traditional due diligence, regulatory, funder and other transactional approvals. Unified will be appointing three members to the Cannagistics board including their chairman, Jonathan Denis who was the former Attorney General of Alberta.

About Cannagistics: Cannagistics is a Nevada based, cannabis-based logistics company with an operating entity in Mississauga, Ontario, along with a joint venture partnership that gives access to the necessary licenses for CBD delivery as well as license and distribution agreements for intellectual property as developed by Dr. Babak “Bobby” Ghalili, the company’s Medical Director.

The company trades on the OTC Markets under the symbol “CNGT.”

Cannagistics has the following websites:
www.cannagisticsinc.com
www.cannagistics.io
www.global3pl.io

About Unified Cannabis: Unified is an international hemp and cannabis company based in Calgary, Canada and Denver, Colorado, consolidating profitable revenue from cultivation to retail, including supply chain assets. With corporate governance led by the former Attorney General of the Province of Alberta and over 100 years of executive cannabis expertise from US mature markets, Unified is bringing cultivation, supply chain, product manufacturing and retail dispensaries under one organization with the intent to provide consistent and increasing shareholder value.

FORWARD LOOKING STATEMENTS

The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190918005117/en/

CONTACT: UNIFIED CANNABIS CORP

Jonathan Denis,

Chairman

(403) 457-7778 x 330CANNAGISTICS, INC

James Zimbler,

President

631-676-7230

KEYWORD: NORTH AMERICA CANADA

INDUSTRY KEYWORD: ALTERNATIVE MEDICINE HEALTH OTHER TRANSPORT TRUCKING LOGISTICS/SUPPLY CHAIN MANAGEMENT TRANSPORT

SOURCE: Cannagistics, Inc.

Copyright Business Wire 2019.

PUB: 09/18/2019 10:00 AM/DISC: 09/18/2019 10:01 AM

http://www.businesswire.com/news/home/20190918005117/en

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