Molecular Science Corp. (MSC) entered into a non-binding letter of intent to acquire Hakken Capital Corp. (TSXV:HAKK.P) in a reverse merger transaction on February 15, 2021. Hakken and MSC will be setting out the terms of the transaction, which will include information about the Resulting Issuer upon closing of the transaction and the proposed financing of MSC of up to CAD 3.5 million in connection with the transaction. It is anticipated that the securities issuable or convertible into common shares of MSC will be issued at a price of CAD 0.35 per common share or unit, with any warrants to purchase common shares issued with an exercise price of CAD 0.50 per common share. Upon closing of the transaction, all securities of MSC issued in connection with the Concurrent Financing will automatically be exchanged for Hakken Shares and other securities of Hakken in accordance with the terms of the transaction. Prior to completing the transaction, Hakken will consolidate the Hakken Shares on the basis of 1.0 new Hakken Common Share for each 1.3 old Hakken Shares. The common shares of MSC will be exchanged on a 1-for-1 basis for Hakken Shares and convertible securities of MSC will be exchanged for equivalent convertible securities of Hakken. Following the completion of the transaction, the resulting entity will hold all of the assets and continue the business of MSC. Hakken will change its name to a new name suitable to the business of the Resulting Issuer. The completion of the transaction is subject to the satisfaction of various conditions that are customary for a transaction of this nature, including but not limited to (i) execution of a definitive agreement (ii) the completion of the Concurrent Financing; (iii) the approval by the directors and shareholders (if required) of Hakken and MSC, (iv) receipt of all requisite regulatory, stock exchange, or governmental authorizations and consents, including the Exchange; and (v) the completion of satisfactory due diligence by each of the parties. Proceeds of the Concurrent Financing may be used primarily to facilitate a business acquisition by MSC and for general corporate purposes related to this transaction.