New Leaf Ventures Inc. advised that pursuant to its acquisition of New Leaf USA Inc. (“New Leaf USA”) and subsidiaries, the Company has finalized the makeup of its executive management and appointment of board members with immediate effect. The newly created corporate structure provides New Leaf and its subsidiaries with experienced leadership focused on the implementation and execution of business development aimed at driving business growth and shareholder value. The Company is to confirm the appointments and roles of the following key individuals. Robert Colwell, Director, New Leaf Ventures Inc. Mr. Colwell created Dama LLC, which he subsequently merged with New Leaf Botanicals in the development of brands ultimately acquired by New Leaf USA. Mr. Colwell brings extensive business, product development, sales, and marketing experience in the Cannabis sector. Boris Gorodnitsky, Director, New Leaf Ventures Inc. Mr. Gorodnitsky brings over a decade of in-depth experience in cannabis agronomy and production for the medical marijuana sector. He participated in strategic brand developments ultimately acquired by New Leaf USA and remains focussed on business and new product development including the advancement and introduction of new processing technologies aimed at improving yield and quality. He previously enjoyed a career in software development with increasing leadership roles across several small start-ups to larger entities including Microsoft. He served as CTO at Advanced Marine Technology; an advanced navigation systems company located in Seattle. He was also the director of software development at Captura, an enterprise business software company in Kirkland, Washington. Chris Cooper, Director, New Leaf Ventures Inc. Mr. Cooper brings over 20 years of business experience in various aspects of corporate development, senior management, finance, and operations, in both the private and public sectors. Mr. Cooper received a B.A. from Hofstra University and an M.B.A. from Dowling College, both in New York State. Mr. Cooper sits on the audit committee and compensation committee for other issuers including Counterpath Corp. Mr. Cooper has been a director of several private and public companies over the last 20 years. Don Currie, Director, New Leaf Ventures Inc. Mr. Currie brings over 35 years experience building, financing, and developing both private and public companies in Canada, the United States and South America. He is the founding CEO, Chairman and Director of Hillcrest Petroleum Ltd. and has served as a Director, VP and Officer at a variety of resource sector ventures over the years. Lee White, Director, New Leaf Ventures Inc. Mr. White’s experience in the cannabis industry includes an extensive understanding of cultivation and distribution practices. He previously owned Cigaweed, LLC. Mr. White’s career includes extensive interest and focus on commercial real estate and development opportunities for over 29 years. As a licensed realtor, he has participated in every aspect of commercial realty including sales, leasing, land development, residential and apartment construction and retail facilities.