Rainmaker Worldwide Inc.(RAKR) and Miranda Water Treatment Systems ("MWTS") have expanded the previously signed Memorandum of Understanding (MOU October 5, 2022) to include a financing partner to formalize the integration of the three parties at both the strategic and operating levels. RAKR has now built a financial consortium to affect the purchase of reciprocal stakes between the companies which RAKR believes could result in a material enhancement to Rainmaker's financial performance. The individual operating entities will continue business as usual and should be in a period of rapid expansion.

The management of RAKR continues to believe that this could lead to RAKR becoming revenue and EBITDA positive.