New Leaf Ventures signs LOI and attracts attention

Vancouver, British Columbia, October 3, 2022 (Globe NEWSWIRE) – New Leaf Ventures Co., Ltd. (CSE: NLV) (OTC: NLVVD) (“New Leaf”, “NLV” or the “Company”) is High Profile Holdings Corp. (“High Profile”), a retail-focused privately held company in British Columbia. Cannabis company (“acquisition”).

High Profile provides high -quality growing products and retail stores by revitalizing store in stores. High Profile has an existing relationship between experienced retailers and government regulatory organizations. These strategic partnership provides a product list to retail chains throughout Canada. These relationships help New Leaf ensure that High Profile rare and select strains are successfully marketed and marketed in Canada’s top performing markets.

“We are pleased to enter into this LOI with New Leaf Ventures to realize High Profile’s long-term strategic vision. We look forward to the enhanced operational synergies and long-term growth that this partnership will provide,” said Dean Medwid, President of High Profile Holdings Corp.

“We are delighted to announce the signing of this LOI with High Profile. The team behind High Profile has a history of operational success and we look forward to adding their skill sets to the team here at New Leaf. We believe the proposed acquisition of High Profile will not only open up another revenue stream, but an additional platform to showcase our established brands and IP. Our distribution network is the first step and a key component of our strategic expansion plan,” said Mike Steer, President, CEO and Director.

As stated in a previous news release, the US trading symbol will temporarily change from NLVVF to NLVVD and will revert to NLVVF around October 7, 2022. During this time, there is no effect on ordinary stock transactions. Acquisition is subject to many conditions, such as customary dudelians and final contracts. We will update as soon as the conditions are met.

About New Leaf Ventures Inc. (CSE: NLV) (OTC: NLVVD)

New Leaf Ventures Inc. is developing a cannabis sector-based scalable concept of focused funding and application management to achieve profitable growth through targeted investments. The company’s flagship company is New Leaf USA and its subsidiaries, a Washington-based tier focused on licensing, real estate, intellectual property, equipment for leasing, certain managed services, and cannabis processing, packaging, and distribution. 3 Other auxiliary services for processors are provided. And for more information about cannabis -related products, see https: //newleafventuresinc.com/. See https: //www.damawashington.com/ and https://damalife.com/ for consumer interest.

For more information, please contact:
New Leaf Ventures Co., Ltd.
PR for investors
Telephone: +1 (778) 930-1321
Email: [email protected]

Forward-Looking Statements

This news release contains certain forward-looking statements within the meaning of applicable securities laws. All descriptions that are not past facts. This includes, but is not limited to, statements regarding future estimates, plans, programs, forecasts, forecasts, goals, assumptions, expectations or beliefs of future performance. This includes a description of the potential completion of the acquisition and the expected profits expected. The acquisition of both New Leaf and High Profile and our intention to expand our business are forward-looking statements. These forward-looking statements reflect the expectations and beliefs of our management based on currently available information. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed in our filings with securities regulators from time to time. This could cause actual results to differ materially from those set forth in the forward-looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date of this release and the Company may not make any forward-looking statements or statements as a result of new information, future events or otherwise. It is not obliged to update or revise information publicly. However, except when it is requested by the applicable securities law.

CSE is not responsible for the validity or accuracy of this release.

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