Zalemark Holding Co Inc (ZMRK)

[RiseandShine]

TORONTO, ON / ACCESSWIRE / June 20, 2019 / Robert Xu, Zalemark President and
CEO was in attendance in Pickering on Wednesday with the senior management
team and board members of AeroPonLeaf Canada to announce the signing of a
Letter of Intent to acquire the nascent cannabis producer. AeroPonLeaf is in
the process of setting up an integrated cannabis cultivation, processing and
packaging facility in the municipality of Hastings Highlands, north of
Bancroft, Ontario.

AeroPonLeaf has acquired a 160 acre property on which it is building the
cannabis production and processing plant. It eventually plans to expand into
an Adult Destination Facility that will include medical research, a retail
outlet and brewery, as well as a spa in addition to it's core focus on
cannabis production. The Company has already obtained zoning changes for the
facility from the municipality, and initial construction of the factory has
begun.

AeroPonLeaf's CEO and Director, William R. Sharpe, commented on the Company's
use of advanced aeroponics; "This is a method of growing plants in an air or
mist environment without the use of soil or an aggregate medium - to cultivate
cannabis. This is an extremely efficient cultivation method that will
significantly increase yields over traditional growing methods."

The Company originally applied to become a licensed producer of cannabis in
June 2018, and will continue working with Health Canada during the building
and approval phases mandated by the Department. The Company is hopeful that a
permit will be issued for their initial growing period later this year. A
sample of the product will then be sent to an independent lab for qualitative
testing before they receive their standard cultivation and processing
licenses.

Mr. Sharpe is a veteran of the Canadian beverage industry, with decades of
Canadian beer industry experience and was the founder of Lakeport Brewing
Corporation, later sold to Labbatt in 2007.

The Chairman of the Board, Andrew S. Brandt, was also in attendance. As former
Chairman and CEO of the Liquor Control Board of Ontario (LCBO) for 15 years,
as well as former Leader of the Ontario Progressive Conservative party, Mr.
Brandt brings invaluable experience from the liquor industry which is highly
complementary to the cannabis industry.

Other notable attendees included board member the Honourable Chris Alexander,
a career diplomat and Canada's former Minister of Citizenship and Immigration,
as well as Mrs. Lisa Wu, President and Director of the Company, Alan Gao in
charge of Business Development and CFO Scott Tang.

Mr. Xu explained; "We think this is a very exciting business development for
the shareholders of Zalemark. AeroPonLeaf has assembled a highly impressive
senior management team, and seem to have the full support of the municipality
in moving the project forward. The Company is well capitalized and the team is
very optimistic about becoming a fully Licensed Producer before the year's
end."

About AeroPonLeaf Canada

AeroPonLeaf Canada was setup in December 2017. Its aim is to build an Adult
Destination Facility, integrated with Cannabis cultivation, processing and
packaging, as well asCannabis Research & Development. The property consists of
160 acres, located just north of the town of Bancroft in Hastings Highlands, a
40 minute drive from Algonquin National Park.

About Zalemark Holding Co. Inc.

Zalemark Holding Co. Inc., a currently trading on the OTC Markets symbol
"ZMRK", is a U.S. public company, currently domiciled in the State of
Delaware.

*Safe Harbor Statement Information in this press release may contain
'forward-looking statements.' Statements describing objectives or goals or the
Company's future plans are also forward-looking statements and are subject to
risks and uncertainties, including the financial performance of the Company
and market valuations of its stock, which could cause actual results to differ
materially from those anticipated. Forward-looking statements in this news
release are made pursuant to the 'Safe Harbor' provisions of the United States
Private Securities Litigation Reform Act of 1995. Investors are cautioned that
such forward-looking statements involve risks and uncertainties, including,
without limitation, risks relating to the ability to close transactions being
contemplated, risks related to sales, acceptance of Zalemark Holdings Co.
Inc.'s products, increased levels of competition, changes, dependence on
intellectual property rights and other risks detailed from time to time in
Zalemark Holdings Co. Inc. periodic reports filed with the regulatory
authorities.

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SOURCE: Zalemark Holding Co. Inc.

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https://www.accesswire.com/549366/Zalemark-Holdin
g-Signs-Letter-of-Intent-to-Acquire-AeroPonLeaf-Canada
https://www.bloomberg.com/press-releases/2019-06-20/zalemark-holding-signs-letter-of-intent-to-acquire-aeroponleaf-canada