CEN Biotech Inc. Announces Planned Strategic Acquisition of Clear Com Media Inc.

Push Launch

up to date: Apr 20, 2021 17:00 EDT

CEN Biotech Inc. (“CEN” or the “Corporation”) (OTC Pink: CENBF), a international keeping company concentrated on the production, creation, and improvement of LED lighting technologies and hemp-primarily based items intended to assistance increase your point out of wellbeing and properly-being, is delighted to announce that it has entered into a share trade arrangement (the “Agreement’) to obtain all of the issued and remarkable funds shares of Crystal clear Com Media Inc. (“Clear Com”), a Windsor, Ontario dependent electronic media organization.

Pursuant to the Agreement, the shareholders of Clear Com agreed to trade their shares in Clear Com for an mixture total of 4,000,000 common shares of the Organization to be issued at the closing of the Settlement. The Arrangement is subject matter to specified customary closing circumstances, including, but not constrained to Clear Com furnishing the Firm with audited and interim money statements and the Company completing its owing diligence review of Obvious Com to the Company’s pleasure in its sole discretion.  

“We believe that that this prepared strategic acquisition is the to start with step in generating a truly global agriculture enterprise focused to a person’s well being and well-staying applying phyto health-related remedies. Very clear Com has expertise focusing on deep information assessment, blockchain growth, and centered media and details management platform progress, which we imagine will be a good addition to our Enterprise. With a worldwide existence, we think that the capacity to aggregate a multitude of data sources even though discovering developments and building forecasts is one particular of Apparent Com’s main competencies, and we feel that this Agreement if it closes, will be a vital to our lengthy-phrase growth programs for the Enterprise,” commented Bahige (Monthly bill) Chaaban, the Company’s CEO and Government Chairman.

Larry Lehoux, President of Very clear Com commented expressing, “We are pleased to enter into this arrangement and hope to sign up for the CEN spouse and children. We search forward to closing on the settlement and thereafter to spearheading the data management demands of CEN Biotech. At Clear Com, we are really psyched to convey forth and continue to produce leading systems that are developed to generate information-driven final decision-creating though in search of to aid with the good results of our brand names in the area of Blockchain, info stability, e-commerce, and focus on marketing. We think that our encounter and focus is a normal suit for the Organization.” Pursuant to the Agreement, it is prepared that Larry Lehoux will be appointed as the Company’s Chief Technologies Officer and a member of the Company’s board of directors.

There can be no assurance that the Settlement and the transactions contemplated thereby can close or be done, as prepared, or at all. 

About CEN Biotech Inc.

CEN Biotech, Inc. is a global keeping firm targeted on the production, manufacturing and development of LED lights technological know-how and hemp-dependent products. The Company intends to carry on to explore the utilization of hemp, which it now intends to cultivate for utilization in industrial, healthcare and foods solutions. For even further information on the Company, you should stop by our website at www.cenbiotechinc.comInformation and facts about the Business can also be uncovered on the Securities and Exchange Commission’s EDGAR internet site below the Issuer Profile of “CEN Biotech Inc.”

About Clear Com Media Inc.

Obvious Com Media Inc. is a Windsor, Ontario-dependent info administration, digital marketing, and e-commerce firm started on the premise that we are not pleased right until our consumers are. Very clear Com is solely committed to providing a optimistic buyer expertise while continuing to mature and getting the belief of the on-line group. Distinct Com seeks to allow nothing at all halt it from delivering a favourable personalized working experience by focusing on facts-pushed final decision-earning. By exemplifying professionalism and knowledge in know-how, Obvious Com seeks to be certain client gratification every move of the way.

Forward-Seeking Statements

This push launch includes “forward-seeking” statements. In individual, the text “consider,” “may,” “could,” “should,” “hope,” “foresee,” “estimate,” “undertaking,” “propose,” “system,” “intend,” and related conditional words and phrases and expressions are intended to identify forward-searching statements. Any statements produced in this push release about an action, function or improvement, are forward-hunting statements. These ahead-hunting statements are only predictions and are subject to certain hazards, uncertainties and assumptions, quite a few of which may well be outside of regulate of CEN, that could bring about genuine effects to differ from those in the forward-seeking statements. Appropriately, you really should not place undue reliance on these ahead-wanting statements. Though CEN believes that the anticipations mirrored in the ahead-on the lookout statements are sensible, it can give no assurance that its forward-seeking statements will confirm to be proper. Possible challenges consist of such factors as the incapability to enter into agreements with functions with whom we are in conversations, components that can not be predicted with certainty, as very well as extra pitfalls and uncertainties that are identified and explained in CEN’s experiences submitted with the Securities and Exchange Commission (the “SEC”). Buyers are cautioned that any forward-hunting statements are not assures of long term effectiveness and true final results or developments may possibly differ materially from people projected. Real benefits may possibly differ materially from the forward-on the lookout statements in this press launch. Statements designed herein are as of the date of this push launch and really should not be relied on as of any subsequent day. CEN does not undertake, and it especially disclaims, any obligation to update any forward-on the lookout statements to reflect occurrences, developments, occasions or conditions after the date of these kinds of assertion besides as expected in accordance with relevant regulations.

Push Speak to

Brian S. Payne

Vice President and Director

CEN Biotech Inc.

Phone: (519) 419-4958, Extension 1505

E mail: [email protected]

Source: CEN Biotech Inc.

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