Toronto, Ontario–(Newsfile Corp. – July 18, 2018) – Schyan Exploration Inc. (‘Schyan’ or the ‘Company’) announces that it has entered into a non-binding letter agreement (‘Letter Agreement’) with George Hackney, Inc. d.b.a. Trulieve (‘Trulieve’) whereby the Company and Trulieve have agreed to merge their respective businesses resulting in a reverse takeover of the Company by Trulieve and change of business of the Company from a mining issuer to a marijuana issuer (the ‘Transaction’). Concurrently with the closing on the Transaction the resulting issuer will apply to have its shares listed on the Canadian Securities Exchange (‘CSE’). Accordingly, the Transaction is subject to the approval of the CSE.
Trulieve is a vertically integrated ‘seed-to-sale’ company and is the first and largest fully licensed medical marijuana company in the state of Florida. Trulieve cultivates and produces all of its products in-house and distributes those products to Trulieve branded stores throughout the state of Florida as well as directly to patients via home delivery.