Panacea Life Sciences Holdings Inc (PLSH)

[FairviewInvestor]

Exactus to become an Electric Vehicle Company

During January and February 2021, the Strategic Alternatives Committee reviewed various business combination proposals and entered into separate negotiations to acquire two companies with existing business and operations in the electric vehicle industry. Ongoing due diligence is continuing with respect to one of the two companies. As previously reported, on January 22, 2021, our Board of Directors authorized a possible reverse split of our common stock at a ratio of between 1 share for every 40 shares held and 1 share for every 50 shares held, to be determined in the further discretion of the Board.