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Vancouver, British Columbia, Mar 31, 2020 (Newsfile Corp via COMTEX) — Vancouver, British Columbia–(Newsfile Corp. – March 31, 2020) – Asterion Cannabis Inc. (“Asterion” or the “Company”), announces that the Aggregation and its wholly-owned Australian subsidiary, Asterion (Australia) Pty Ltd., (“Asterion (Australia)”), has entered into an absolute Definitive Association Agreement (DAA) on March 30, 2020, to agree the development, construction, aliment and costs of the aboriginal ($400 million) appearance of its accessories in Toowoomba, Queensland, Australia (“Project”) with entities aural the Watpac Bound accumulation (“Watpac”).

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Watpac is a ample and acclaimed architect in Australia and allotment of the BESIX Group, a all-around construction, acreage development and concessions company.

The DAA sets out a action for the parties to rapidly access into Architecture and Construct and Accessories Aliment agreements (or agreements of agnate nature). As allotment of the DAA Watpac will assignment with Asterion to finalise adequate accepted Australian bartering agreement for these agreements and alone investigate opportunities for advance in the Project.

Asterion’s Chairman and CEO, Mr. Stephen Van Deventer, commented, “This is a cogent anniversary accomplished during the accepted all-around bread-and-butter ambiguity and activating cannabis basic markets. Watpac and Asterion are accumbent in the eyes to accompany our ability into acknowledged and able production. Together we will assignment to finalise adequate accepted Australian bartering agreement for allotment and maintenance. Over the abutting few years Asterion accompanying with Watpac’s skillset will set benchmarks aural this rapidly evolving medical cannabis industry in the biologic sector.”

Watpac’s CEO, Jean-Pol Bouharmont, commented, “We are aflame to be alive with Asterion on this unique, abutting bearing activity and we attending avant-garde to bringing our ability in activity development, design, abundant engineering and architecture of all-embracing basement to their proposed new Toowoomba facility. It’s calibration and different aggregate of the avant-garde accelerated agronomics and biologic brand processes and articles presents an agitative befalling for us. “.

Asterion is currently in the action of commutual a non-brokered clandestine adjustment for $10 actor disinterestedness at $1.50 per allotment with a bisected warrant, anniversary accomplished accreditation entitling the holder thereof to acquirement an added allotment at $2.00 per allotment for two years accountable to an accelerator. Only accepted and adult investors may participate. The gain of these funds will be acclimated for operations and implementing sales of medical cannabis to registered Australian medical patients. All balance issued beneath the non-brokered clandestine adjustment will be accountable to a authority aeon of four months and one day in Canada.

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This annual absolution does not aggregate an action to advertise or a address of an action to buy the balance declared herein in the United States, or in any administration in which such an action or auction would be unlawful. The balance declared herein accept not been and will not be registered beneath the United States Balance Act of 1933, as adapted (the “1933 Act”) or any United States accompaniment balance laws, and may not be offered or awash in the United States or to the annual or account of a “U.S. person” (as authentic in Regulation S beneath the 1933 Act) or a being in the United States absent allotment or an applicative absolution from the allotment requirements.

About Asterion

Asterion Cannabis Inc. is a Canadian alleviative cannabis aggregation with a wholly-owned Australian subsidiary, Asterion (Australia) Pty Ltd. With its agronomics to bazaar strategy, the company’s focus is arch and advancing cannabis agriculture, bearing the accomplished quality, low cost, genetically compatible cannabis strains and cannabinoid articles for all-around supply. The Australian government formally recognizes the aggregation with a Major Activity Status and the aggregation has been accepted a alleviative cannabis license, a cannabis analysis license, and a accomplish authorization from the Australian Office of Drug Control.

Led by a awful accomplished aggregation with over 200 years of accumulated accordant accreditation spanning – North America, Europe, the Middle East, and Asia-Pacific. Management acquaintance with ample calibration projects includes alleviative cannabis, renewable energy, and basic markets.

About Watpac

Watpac is a arch civic architecture accumulation with operations beyond Australia’s East Coast and South Australia and the Northern Territory. Watpac has been allotment of Australia’s communities for about four decades and through antecedent entities back the 1920s. Watpac employs about 700 people, and in December 2018, Watpac became a wholly endemic accessory of BESIX Group. BESIX is a multidisciplinary application aggregation founded in Belgium added than 100 years ago. The aggregation specialises in circuitous construction, basement and abyssal works with a focus on bulk conception beyond the activity lifecycle. BESIX employs about 15,000 bodies globally. Added advice is accessible at www.watpac.com.au

On Behalf of the Board of Directors

“Stephen Van Deventer”Chairman & CEO

For added information, amuse contact:

Investor [email protected]

Forward-Looking Statements:

This annual absolution contains advanced statements and advanced advice (collectively, “forward-looking statements”) aural the acceptation of applicative Canadian and U.S. balance legislation, including the United States Clandestine Balance Litigation Reform Act of 1995. All statements in this annual absolution that are not absolutely absolute are advanced statements and accommodate statements apropos beliefs, plans, expectations and orientations apropos the approaching including, after limitation, the bulk of the non-brokered clandestine placement, the advised use of gain of the non-brokered clandestine placement, the architecture of the Project, the banking advance in the Activity and accouterment of aliment casework afterward the achievement of the architecture of the Activity by the Finance Aggregation and the Company’s advancing business affairs and anticipation of success in active its plans. Often, but not always, advanced statements can be articular by words such as “plans”, “expects”, “may”, “will”, “intends”, “anticipates”, “believes”, “proposes” or variations of such words including abrogating variations thereof and phrases that accredit to assertive actions, contest or after-effects that may, could, would, ability or will action or be taken or achieved. Advanced statements are based on assertive assumptions apropos the Company, including accepted growth, after-effects of operations, industry trends, advance opportunities, and the Aggregation and Asterion Australia’s expectations that Asterion Australia will be accepted the all-important permits and be able to abide to access the costs bare to complete the Activity and to backpack out its planned approaching activities, absorb and allure able cadre and access and/or advance the all-important rights or permits bare to backpack out its approaching business activities.

Actual after-effects could alter from those projected in any advanced statements due to abundant factors including, but not bound to, the disability of the Aggregation and/or Asterion (Australia) to, amid added things, auspiciously complete the non-brokered clandestine placement, auspiciously complete the Project, access the appropriate authoritative approvals and costs appropriate for the architecture and operation of the Project, assassinate its proposed business plans, and backpack out its planned approaching activities. Added factors such as accepted economic, bazaar or business conditions, outbreaks of communicable diseases or the accident of pandemics, such as the contempo beginning of the atypical coronavirus COVID-19, or changes in laws, regulations and behavior affecting the biotechnology or medical cannabis industry and delays in accepting authoritative and authoritative approvals, may additionally abnormally affect the approaching after-effects or achievement of the Aggregation and Asterion (Australia). These advanced statements are fabricated as of the date of this annual absolution and, unless appropriate by applicative law, the Aggregation assumes no obligation to amend the advanced statements or to amend the affidavit why absolute after-effects could alter from those projected in these advanced statements. Although the Aggregation believes that the statements, beliefs, plans, expectations, and intentions independent in this annual absolution are reasonable, there can be no affirmation that those statements, beliefs, plans, expectations, or intentions will prove to be accurate. Readers should accede all of the advice set alternating herein and should additionally accredit to added alternate letters provided by the Aggregation from time-to-time.

Readers are cautioned that advanced statements are not guarantees of approaching achievement or contest and, accordingly, are cautioned not to put disproportionate assurance on advanced statements due to the inherent ambiguity of such statements.

To appearance the antecedent adaptation of this columnist release, amuse appointment https://www.newsfilecorp.com/release/53971

copyright (c) newsfile corp. 2020. all rights aloof

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