Standard to Acquire Medi-Can Health Solutions Ltd. - Seite 3

Marapharm LOI, Private Placement and Other Matters

The Company announced June 1, 2017 that it entered in to a letter of intent with Marapharm Inc. to acquire its ACMPR license application and all associated property and plans in consideration of payment by shares from the Company. The transaction was subject to completion of due diligence, a definitive acquisition agreement being executed by the parties, and board and regulatory approval. The parties have mutually agreed to terminate the agreement and the Company will no longer pursue the acquisition of Marapharm Inc.

The company is proceeding with a non-brokered private placement of units of $500,000 at a price of $0.15 per unit (a "Unit"). Each Unit offered will consist of one common share of the company and one-half of one common share purchase warrant. Each full warrant will be exercisable into one common share of the company at $0.25 per share for 18 months. Proceeds are to be used for general corporate purposes, the Company's continuing evaluation of other opportunities in the cannabis market, and for the costs incurred in connection with the Acquisition. All securities issued in connection with the private placement will be subject to a four-month hold period. Closing of the placement is subject to TSXV acceptance.

The Company further reports that it has elected not to fund the expenditures necessary to satisfy the Option Agreement on the Philibert Property, and has therefore terminated its rights under the agreement.

ON BEHALF OF THE BOARD,

Chris Bogart, President & CEO

Cautionary Statement:

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release. Completion of the transaction is subject to a number of conditions, including but not limited to, Exchange acceptance and shareholder approval. The transaction cannot close until the required approvals are obtained. There can be no assurance that the transaction will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the Information Circular to be prepared in connection with the transaction, any information released or received with respect to the Acquisition may not be accurate or complete and should not be relied upon. Trading in the securities of the Company should be considered highly speculative.