Thoughtful Brands Inc. (PEMTF)

[vortmaximum]

News (on SEDAR)

Thoughtful Brands Announces Binding Letter of Intent
for Reverse-Takeover of Franchise Cannabis
• Franchise Cannabis, a leading European medical cannabis company, to complete public
listing with strategic expansion into other cannabis markets.
• Combined company will be well positioned to expand product offerings and distribution
channels in the US and Europe.
VANCOUVER, British Columbia – January 7, 2021 – Thoughtful Brands Inc. (“TBI”) (CSE: TBI;
FSE: 1WZ1; OTCQB: PEMTF) and Franchise Cannabis Corp. (“FCC”) are pleased to announce
that they have entered into a binding letter of intent (the “Letter of Intent”), dated January 6,
2021, to consummate a going-public transaction for FCC involving the reverse-takeover of TBI
(the “Transaction”).
The Transaction will involve the acquisition of all of the outstanding share capital of FCC by TBI,
with the resulting Canadian reporting company being listed on the Canadian Securities Exchange
(the “CSE”) under the name “Franchise Cannabis Corp.”

https://www.sedar.com/GetFile.do?lang=EN&docClass=8&issuerNo=00044061&issuerType=03&projectNo=03158608&docId=4866184