LGC Capital to Acquire 47% of EasyJoint, Italy's Largest Vertically-integrated Legal Cannabis Producer, Distributor, and Retailer - Seite 3

Luca Marola, founder of EasyJoint stated: "Over the past 18 months, EasyJoint has pioneered the cannabis light market in Italy and by driving public opinion has created a new approach to cannabis.  Today, we are proud to announce LGC Capital's investment into our company.  Thanks to LGC's expertise and resources in successfully addressing the global market, EasyJoint is ready to further strengthen our leadership position and develop our growth in new markets." 

Transaction details 

Payment for the 47% equity in Easy Joint SRL will be effected by way of i) a cash payment in the amount of €2,565,000 (C$3,832,110) and ii) a payment in common shares for a value of €2,223,000 (C$3,321,162) in the share capital of LGC (the "Payment Shares") at a price per share set at 85% of the five (5) day volume weighted average price of LGC shares immediately prior to the closing of the transaction (26,152,941 shares at current prices). In accordance with Canadian regulatory requirements, the Payment Shares will be subject to a four (4) month hold period calculated as of the Closing Date. For this transaction, a finder's fee of 2.5% cash and 2.5% in shares will be paid to an arm's length party. This transaction is subject to normal closing conditions and review and approval by TSXV.

Information Relating to EasyJoint Project SRL 

All information contained in this press release relating to EasyJoint Project SRL has been provided to LGC by EasyJoint Project SRL.  LGC has relied upon this information without having made independent inquiries as to its accuracy or completeness and assumes no responsibility for any inaccuracy or incompleteness of such information.

About LGC Capital Ltd (www.lgc-capital.com) 

LGC Capital is a leading cannabis investment firm with a focus on the Legal Global Cannabis market.  Through its growing portfolio investment companies, LGC is building a world-leading, vertically integrated system of interconnected legal cannabis companies with cultivation, processing and distribution in Australia, Jamaica, Switzerland, Italy, and Canada serving domestic and export markets. LGC Capital Ltd. is a Canadian incorporated public company listed on the TSX Venture Exchange (TSXV: LG).