CALGARY, AB , April 28, 2025 /CNW/ - CanadaBis Capital Inc. ("CanadaBis" or "Stigma Grow") (TSXV: CANB) today announces that CanadaBis has terminated the Arrangement Agreement (as defined below) with Simply Solventless Concentrates Ltd. (TSXV:HASH) (OTC:SSCLCF)("SSC") effective immediately.

On March 11, 2025, CanadaBis entered into an Arrangement Agreement with SSC pursuant to which SSC was to acquire all of the issued and outstanding common shares of CanadaBis by way of a court approved plan of arrangement under the Business Corporations Act (Alberta) (the "Transaction").   

Recent information constitutes an "SCC Material Adverse Change" under the terms of the Arrangement Agreement and management believes it's in the best interest of the Shareholders and stakeholders of CanadaBis to terminate the Arrangement Agreement. As such CanadaBis has communicated with SSC that it does not intend to proceed with the Arrangement at this time.

A number of individuals had entered into voting and support agreements pursuant to which they have agreed, subject to the terms thereof, to support and vote all of their Shares in favour of the Transaction. All these voting and support agreements terminate automatically upon termination of the Arrangement Agreement.

Special Meeting of CanadaBis Shareholders

The special meeting of shareholders of CanadaBis has been cancelled.

ABOUT CANADABIS CAPITAL LTD.

CanadaBis Capital Inc. is a public CanadaBis (TSXV: CANB) is a vertically integrated Canadian cannabis CanadaBis focused on achieving large-scale growth in the global cannabis market – with specific attention paid to supplying the fast-emerging concentrates category through their Stigma Grow cultivation and BHO extraction facility.

For more information regarding CanadaBis, please see www.canadabis.com and www.stigmagrow.ca.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE CanadaBis Capital Inc.