Sol Global Investments Corp. (SOLCF)

[PotterBanker]

Scythian Biosciences Corp. is pleased to announce that the Company has changed its name from Scythian Biosciences Corp. to SOL Global Investments Corp.

The Company’s shareholders approved the name change at a special meeting of shareholders held on September 14, 2018.

In connection with the name change, the Company has applied to change its trading symbol on the Canadian Securities Exchange from “SCYB” to “SOL”. The common shares of the Company are expected to begin trading on the Canadian Securities Exchange under the new symbol on or about October 29, 2018 . In the United States, on the OTCQB, the Company’s new trading symbol will change from “SCCYF” to “SOLCF”. The common shares of the Company are expected to begin trading on the OTC marketplace under the new symbol on or about October 25, 2018.

Brady Cobb, CEO of the Company, said that, “We are excited to begin this new chapter in the Company’s development. We believe the new name better reflects our business strategy of becoming one of the premier global cannabis companies in the world.”
The name change follows the Company’s announcement, on October 23, 2018 , that it had entered into a series of transactions, which will result in Scythian owning USD$135.9 million Class B Units in Verano Holdings, LLC (“Verano”), a private, vertically integrated, licensed operator of cannabis cultivation, manufacturing and retail facilities across six key U.S. states and Puerto Rico.

This strategic transaction, which remains subject to the receipt of all required approvals from the Florida Department of Health , Office of Medical Marijuana Use , will give the Company a substantial stake in Verano and expand its investments to key U.S. markets, including Illinois, Maryland, Michigan, Nevada, Ohio, Florida and Puerto Rico, with additional states to be added in 2019. The Verano investment and transaction will strengthen the Company’s position as the leading incubator in the U.S. cannabis marketplace by expanding the Company’s footprint from just one state to owning a 28% stake in a rapidly expanding seven state operation.

For more information on SOL Global Investments Corp , please visit the Company’s newly launched website -- https://solglobal.com/