Clifford Starke Acquires Securities of Franchise Global Health Inc.

VANCOUVER, BC, March 28, 2022 /CNW/ – Clifford Starke (the “Acquiror“) announces, pursuant to the early warning necessities of Canadian securities laws, that he has obtained prevalent shares (the “Common Shares“) of Franchise World-wide Wellbeing Inc. (formerly Mercury Acquisitions Corp.) (“Franchise Worldwide” or the “Enterprise“), pursuant to the just lately concluded enterprise mixture of the Organization (the “Qualifying Transaction“) with Franchise Cannabis Corp. (“Franchise“), which was concluded on March 25, 2022, and which constituted the Company’s “Qualifying Transaction” (inside the this means of Coverage 2.4 – Money Pool Companies of the TSX Undertaking Exchange (the “Exchange“)).

Prior to the completion of the Qualifying Transaction, the Firm effected a consolidation (the “Consolidation“) of its excellent Popular Shares on the foundation of 1 (1) put up Consolidation Frequent Share for just about every 10 (10) pre‑Consolidation Frequent Shares, and adjusted its identify from “Mercury Acquisitions Corp.” to “Franchise World-wide Overall health Inc.”.

The Qualifying Transaction was done by way of a three-cornered amalgamation pursuant to which, amid other issues: (a) Franchise amalgamated (the “Amalgamation“) with 2868303 Ontario Inc. (a wholly-owned subsidiary of the Organization incorporated for the purpose of the Amalgamation), pursuant to the provisions of the Company Companies Act (Ontario) and (b) the holders of prevalent shares of Franchise (each individual, a “Franchise Share“) fantastic right away prior to the Amalgamation obtained, for each these Franchise Share, just one post‑Consolidation Frequent Share, on a a person-for-a single basis.

As a final result of the Amalgamation, the Acquiror obtained an combination of 22,948,693 Widespread Shares (2,307,693 of which are held by way of BTF Investments Inc., and 20,641,000 of which are held as a result of Hampstead Personal Capital Ltd., both entities remaining owned and controlled by the Acquiror), on the similar conditions and circumstances as all former holders of Franchise shares, as described higher than. In addition, pursuant to the Amalgamation, holders of possibilities to obtain Franchise Shares obtained, in trade therefor, alternatives to acquire submit-Consolidation Typical Shares, on a one particular-for-one particular basis. As a result, the Acquiror acquired an mixture of 854,965 selections to get Prevalent Shares, on the same conditions and situations as all former holders of selections to obtain Franchise Shares.

Immediately next the Consolidation but prior to the completion of the Qualifying Transaction, the Acquiror owned an aggregate of 400,000 write-up-Consolidation Frequent Shares (by means of YT Study Inc., an entity owned and controlled by the Acquiror), symbolizing somewhere around 8{194d821e0dc8d10be69d2d4a52551aeafc2dee4011c6c9faa8f16ae7103581f6} of the issued and excellent Widespread Shares, as nicely as choices to get up to 250,000 Frequent Shares.

Quickly following the completion of the Amalgamation, the Acquiror owned an combination of 23,348,693 Typical Shares, symbolizing roughly 17.35{194d821e0dc8d10be69d2d4a52551aeafc2dee4011c6c9faa8f16ae7103581f6} of the excellent Typical Shares. Assuming the training of all choices to invest in Frequent Shares, the Acquiror would personal an mixture of 24,453,658 Typical Shares, symbolizing approximately 18.02{194d821e0dc8d10be69d2d4a52551aeafc2dee4011c6c9faa8f16ae7103581f6} of the Frequent Shares, on a partially diluted foundation.

This press launch is issued pursuant to the early warning demands of Countrywide Instrument 62‑103 – The Early Warning System and Similar Choose-Above Bid and Insider Reporting Concerns and Countrywide Instrument 62-104 – Take-Over Bids and Issuer Bids of the Canadian Securities Administrators, which also needs an early warning report to be submitted with applicable Canadian securities regulatory authorities containing supplemental data in respect of the foregoing matters (the “Early Warning Report“). For even more information and facts, including to get hold of a duplicate of the Early Warning Report, make sure you go to the Company’s profile on the SEDAR web-site at A duplicate of the Early Warning Report might also be attained by making contact with the Acquiror at 416-727-4554.

Resource Franchise Hashish Corp.