Announcement • Mar 04
Discover Wellness Solutions Signs MOU with Quad Play to Enter Thailand's Deregulating Hemp Extract Market Discover Wellness Solutions Inc. announced that it has entered into a Memorandum of Understanding on Co-operation on Arrangement of Hemp Business in Thailand with Quad Play ("QP") of Thailand (the "MOU"). Thailand is an attractive market for Discover Wellness as it is the first country globally to deregulate hemp-derived oils and extracts which allows it to be included in consumer product goods. The MOU is the first step in DWS and QP creating a joint business for the development and marketing of consumer-packaged goods infused with hemp extracts for the Asian market, including wellness, food, beverage and cosmetics products. Under the terms of the MOU QP would import high-potency hemp seeds from DWS for distribution and cultivation in Thailand. QP will become an exclusive supplier of DWS seeds in Thailand. The agreement is subject to an initial trial order of 20,000 seeds. Upon successful completion of the trial order, QP will pre-purchase 200,000 seeds (USD 200,000 value) and in return DWS will receive a 4% equity interest in QP. Additionally, DWS has a Right of First Refusal ("ROFR") to acquire control of QP once regulations in Thailand allows for control by foreign companies. QP will arrange for cooperation with producers in Thailand of medicine, food and drinks products who wish to incorporate hemp oils and extracts in their products. By this arrangement, DWS can use Thailand as a base for distributing seeds, cultivating and producing DWS's products for sales in Thailand domestically and internationally. Announcement • Feb 10
Discover Wellness Solutions Inc. Receives License to Sell Industrial Hemp Discover Wellness Solutions Inc. announced that it has received an industrial hemp license, effective until February 5, 2024, to sell industrial hemp. Under the license, the company can sell industrial hemp as grain, flowering heads, leaves or branches. Additionally, the company can import or export seed and grain. Is New 90 Day High Low • Jan 22
New 90-day high: CA$0.56 The company is up 115% from its price of CA$0.26 on 22 October 2020. The Canadian market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Pharmaceuticals industry, which is up 71% over the same period.