Osoyoos Enters into Equipment Lease and Joint-Venture Agreement; Provides Corporate Update

Toronto, Ontario–(Newsfile Corp. – April 21, 2020) –  Osoyoos Cannabis Inc. (CSE: OSO) (“Osoyoos” or the “Company”) announced today that the Company has entered into an equipment lease (the “Equipment Lease“) and a joint-venture agreement (the “JV Agreement“) with 2623942 Ontario Limited (the “Licensed Producer“). Furthermore, the Company is also pleased to provide a corporate update regarding its next annual and special meeting of shareholders and results of management’s operational cost-cutting measures.

Equipment Lease & JV Agreement

The Licensed Producer is a private, vertically-integrated health and wellness company based in Barrie, Ontario. The company’s facility includes in excess of 3,000 acres of outdoor hemp-based farmland and a licensed production facility under the Cannabis Act (Canada). The Licensed Producer is focused on utilizing its proprietary strains of industrial hemp to develop a wide range of innovative CBD-based products and will also offer contract tolling extraction services to other third-party businesses.

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