Fiore Cannabais Ltd. (FIORF)

[236T568]

MRPHF's failed bond offerings:

Two bond offerings totaling $15.5 million and only $395,000 raised so far from these two offering and yet $49,925 of finders fees paid already

http://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=167083

10. Bond subscriptions received
On September 28, 2016, the Company announced a non-brokered private placement of up to
$5,500,000 USD at an issue price of $10,000 USD per bond, bearing compound interest at the annual
rate of 8.5% until the maturity date of November 30, 2019, which at the time of the disclosure was
three years from the proposed closing date. The proceeds from the private placement will be used as
a debt facility for Marapharm Las Vegas, LLC. This private placement has yet to close. The Company
has received $375,000 USD ($500,641 CDN).

On October 11, 2016, the Company announced a non-brokered private placement of up to
$10,000,000 USD at an issue price of $10,000 USD per bond, bearing compound interest at the
annual rate of 8.5% until the maturity date of December 30, 2021, which at the time of the disclosure
was five years from the proposed closing date. The proceeds from the private placement will be used
as a debt facility for Marapharm Washington, LLC. This private placement has yet to close. The
Company has received $20,000 USD ($26,696 CDN)
The Company has paid $49,925 in finders fees related to the bond subscriptions received to date.