Franchise Global Health Inc. Announces Completion Of Qualifying Transaction

NOT FOR DISSEMINATION IN THE U.S. OR Through U.S. NEWSWIRES

TORONTO, ON and VANCOUVER, BC / ACCESSWIRE / March 25, 2022 / Franchise World-wide Wellness Inc. (formerly money pool organization Mercury Acquisitions Corp.) (“Franchise World wide“, the “Corporation” or the “Resulting Issuer“) (TSXV:FGH, previously traded as MERC.P) is pleased to announce that it has done its previously announced business mix (the “Qualifying Transaction“) with Franchise Cannabis Corp. (“Franchise“), ensuing in a reverse take-over of the Company, which transaction constituted the Company’s “Qualifying Transaction” (inside the which means of Policy 2.4 – Money Pool Businesses of the TSX Venture Exchange (the “Exchange“)).

Prior to the completion of the Qualifying Transaction, the Company effected a consolidation (the “Consolidation“) of its excellent popular shares (the “Frequent Shares“) on the basis of a single (1) put up-Consolidation Prevalent Share for every ten (10) pre-Consolidation Frequent Shares, and modified its title from “Mercury Acquisitions Corp.” to “Franchise International Health Inc.”.

The Qualifying Transaction was done by way of a three-cornered amalgamation pursuant to which, among other factors: (a) Franchise amalgamated (the “Amalgamation“) with 2868303 Ontario Inc. (a wholly‑owned subsidiary of the Organization included for the intent of the Amalgamation), pursuant to the provisions of the Business Firms Act (Ontario) and (b) the holders of prevalent shares of Franchise (each individual, a “Franchise Share“) superb instantly prior to the Amalgamation been given, for each these kinds of Franchise Share, one post‑Consolidation Typical Share, on a one-for-one particular basis.

In link with the completion of the Qualifying Transaction, the Popular Shares will be shown on the Trade below the ticker image “FGH” with CUSIP 35180D109 and ISIN CA35180D1096. It is predicted that buying and selling in the Common Shares less than the new ticker symbol will begin on or about March 29, 2022.

Immediately pursuing the completion of the Qualifying Transaction, Hani Zabaneh resigned from his situation as a director and officer of the Firm and the pursuing individuals were appointed as the officers and administrators of Franchise Worldwide:

Clifford Starke

Chief Government Officer, Secretary, Director and Promoter

Edward Woo

President and Main Functioning Officer

Dany Vaiman

Main Economical Officer

Nasir Bhatti

Co-Head of Europe

Jan Anderson

Co-Head of Europe

Peter Simeon

Director

The Hon. Larry Smith

Director

Steven Thomas

Director

Farhan Lalani

Director

Jakub Malczewski

Director

No fractional Typical Shares were issued pursuant to the Consolidation. If, as a end result of the Consolidation, a holder of pre-Consolidation Prevalent Shares was in any other case entitled to a portion of a write-up-Consolidation Typical Share, the amount of put up-Consolidation Widespread Shares issuable to such holder was rounded down to the nearest whole amount, if these fraction was a lot less than .5 of a put up-Consolidation Popular Share, and rounded up to the nearest complete selection, if these fraction was equal to or increased than .5 of a article-Consolidation Widespread Share.

Straight away adhering to completion of the Qualifying Transaction, there are a complete of 134,563,674 Widespread Shares fantastic of the Resulting Issuer, of which 128,289,230 Common Shares, symbolizing approximately 95.3% of this sort of complete remarkable, are held by the former shareholders of Franchise. An aggregate of 29,346,581 Typical Shares will be topic to benefit escrow and seed share resale restrictions pursuant to Exchange Plan 5.4 – Escrow, Vendor Thought and Resale Restrictions.

The Ensuing Issuer will fork out a fee to Tri Volta Investments Inc., for monetary advisory products and services furnished in link with the Qualifying Transaction, equivalent to $100,000 in hard cash and has concurrently issued at the completion of the Qualifying Transaction a total of 1,274,444 Common Shares at a considered rate for each share of $1.80. The Popular Shares issuable to Tri Volta Investments Inc. are matter to a statutory hold interval of four months and a working day from the date of problem.

For more facts about the Qualifying Transaction and the Ensuing Issuer, remember to see the submitting statement of the Firm dated as at March 9, 2022, which is offered on the Company’s SEDAR profile at www.sedar.com.

Facts for Shareholders

Franchise Global’s transfer agent, TSX Believe in Organization, will be mailing Direct Registration Procedure Advices (“DRS Advices“) (other than for people that are demanded to be in certificated sort) in respect of shares of Franchise World issued to the former shareholders of Franchise. Shareholders wishing to receive a bodily share certification or who have questions about the DRS Tips must speak to TSX Rely on for further facts, utilizing the speak to information outlined on these types of DRS Guidance.

About Franchise Worldwide

Franchise World-wide, as a result of its subsidiaries, is a multi-countrywide operator in the health care cannabis and pharmaceutical industries, with principal operations in Germany and with functions, belongings, strategic partnerships and investments internationally. Franchise Global’s company goal is to produce a completely-built-in, main European healthcare cannabis enterprise, with the aim of supplying high-excellent pharmaceutical quality medical cannabis to distribution associates and, in the end, to people, at aggressive rates.

For added data remember to contact:

Franchise Global Well being Inc.
Clifford Starke, Main Government Officer and Director. Tel: 416-727-4554

NEITHER THE TSX Venture Exchange NOR ITS REGULATION Expert services Provider (AS THAT Phrase IS Defined IN THE Procedures OF THE TSX Venture Trade) ACCEPTS Obligation FOR THE ADEQUACY OR Accuracy OF THIS Press Release.

This information release does not represent an provide to provide or the solicitation of an provide to get any securities in any jurisdiction, which includes in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) or any point out securities laws and could not be available or offered inside the United States or to U.S. individuals except if registered below the U.S. Securities Act and relevant point out securities legal guidelines or an exemption from these registration is obtainable.

Cautionary Statement Concerning Ahead-Hunting Data

This information launch consists of “forward-looking information” in the meaning of relevant securities laws, including devoid of limitation statements regarding the enterprise of Franchise World wide and the timing of the anticipated commencement of investing in Popular Shares. Frequently, but not always, ahead-on the lookout facts can be discovered by the use of phrases these as “designs”, “expects”, “is envisioned”, “price range”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (which include negative versions) of these kinds of text and phrases, or statements formed in the potential tense or indicating that specified steps, activities or benefits “may”, “could”, “would”, “could” or “will” (or other variants of the foregoing) be taken, arise, be realized, or arrive to go. Forward-looking facts is centered on management’s present anticipations, estimates, beliefs and/or viewpoints and is based mostly on facts at present available to them (which includes facts acquired from 3rd social gathering sector analysts and other third-occasion sources) and on assumptions they believe not to be unreasonable in mild of all of the instances. By its character, forward-searching info is subject to both of those recognized and unfamiliar threats, uncertainties and other things that could cause the precise final results, efficiency or achievements of the Enterprise to be materially various from any long run final results, efficiency or achievements expressed or implied by the forward-on the lookout info. Appropriately, visitors are cautioned to not location undue reliance on forward-seeking data. Any and all forward-searching information contained in this information launch is expressly capable by this cautionary assertion, and the Enterprise undertakes no obligation, and does not intend, to update any ahead-searching info contained in this news launch, irrespective of whether as a end result of new facts, long run developments, or usually, apart from as if not required by relevant law.

Resource: Franchise World-wide Overall health Inc.

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