BZAM to acquire Final Bell's Canadian operation

BZAM has entered into a definitive agreement to acquire Final Bell Canada from Final Bell Holdings International.

FBHI will receive 90,000,000 common shares of BZAM at a deemed price of $0.15 per share, representing approximately one-third of the issued and outstanding shares of BZAM (the "BZAM Shares") following the closing of the Transaction (the "Closing"), which is anticipated to occur on or about December 18, 2023. BZAM will also enter into a supply agreement under which FBHI's wholly-owned subsidiary, 14th Round Inc., will continue to provide industry-leading child-resistant packaging, high-tech vaporization hardware, and pre-roll cones to BZAM.

"This Transaction combines BZAM's cultivation, production, and sales infrastructure with the exceptional portfolio of international brands that Final Bell has brought to market in Canada. FBHI, together with Greg Boone and his team at FBC, have done an incredible job introducing the biggest names in cannabis to Canadian consumers and creating significant value in the process. We are pleased to bring this team and these brands to BZAM," said Matt Milich, Chief Executive Officer of BZAM. "This combination also brings in FBHI as an invaluable strategic shareholder to the Company, which creates additional opportunities for long-term growth and value creation."

"This combination places the combined entity as the 5th largest Canadian L.P. on a proforma basis", said Robert Meyer, CEO of FBHI. "BZAM's demonstrated prowess in the Canadian marketplace, coupled with our brand portfolio and packaging and hardware innovation, are a recipe for continued growth with many competitive advantages."

"We are proud of the work we have done to bring many of the leading cannabis brands from California to Canada, and I am excited to continue the work of developing those brands under the BZAM umbrella with the incredible resources BZAM brings to the table," said Greg Boone, CEO of FBC.

As part of the Transaction, Greg Boone will join BZAM as President, and Jennifer Maccarone will join as VP of Operations. FBC's Chief Legal Officer Christy Zhou will assume the same role at BZAM, and Lana MacKenzie will also take on a senior role within BZAM. Matt Milich will remain as CEO of BZAM. In addition, FBHI will be entitled to appoint a new member to BZAM's board of directors.