Premier Development and Investment Inc (PDIV)

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GNCC does not have the ability to finance Jengu nor is GNCC currently in a position to raise funding. The existing crop that is being harvested shortly now is solely the business of Future.

The existing crop that is being harvested shortly now is solely the business of Future and not directly or indirectly that of Jengu. This has no effect upon either Jengu or upon GNCC as all of the costs (and potential profits) pertaining to that crop are historical and pre-dated any involvement in Future by Jengu.

To clarify, Jengu was not entitled to any potential profits from that crop nor was Jengu liable for any financial investments in said crop. We state this to clarify statements made in our Press Release dated October 16, 2019 that may have been interpreted as either Jengu or indirectly, GNCC, receiving any benefits.

Future will no longer be listed as an indirectly held subsidiary Company. We had previously reflected it as a 19.5% indirect holding. All and any financing of Jengu was never being effected through GNCC but through third party financing. GNCC does not have the ability to finance Jengu nor is GNCC currently in a position to raise funding.