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Discover Wellness Solutions Inc. (CSE: WLNS.CNQ) BREAKING NEWS:  Discover Wellness Solutions Signs MOU and Quad Play to Enter Thailand's Deregulating Hemp Extract Market - Discover Wellness Solutions Inc. (formerly RMMI Corp.) ("Discover Wellness", "DWS" or the "Company"), a licensed producer and processor under the Cannabis Act (Canada), is pleased to announce 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 (US$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.

Effective, January 29, 2021, the Thai government amended its hemp regulations. Under its new definition hemp with <1% THC can now be imported, exported and used for government, industrial, medical and research purposes.

"We view this arrangement as a first step for Discover Wellness' global distribution strategy into the fast-growing food and beverage markets of Asia, a potential $5.8 billion market by 2024 according to Prohibition Partners. We are excited to be working with QP as our exclusive partner and leverage their deep relationships with traditional consumer packaged goods companies within Thailand and the broader Asian market." commented Peter Cheung, Interim Chief Executive Officer and Chief Financial Officer.  Read the full Press Release that includes more Financial Results details for INLB at:  https://www.financialnewsmedia.com/news-wlns

In other active company news in the markets this week: 

HempFusion Wellness Inc. (TSX: CBD.U) (OTCQX: CBDHF), a leading health and wellness CBD company utilizing the power of whole-food hemp nutrition, recently announced that Mount Sinai Medical Hospital, New York City, has selected HempFusion CBD to be used as the exclusive brand and the sole supplier in a six-month clinical trial.

The clinical trial, comprised of two studies, is being conducted by Dr. David Harnick, a board-certified cardiologist and electrophysiologist and Assistant Professor in Medicine and Cardiology at Mount Sinai, and is one of the first of its kind in the area of CBD's effect on targeted cardiology markers. Dr. Harnick has constructed this long-term clinical trial to collect data that will assist in a deeper understanding of CBD's effect on the body. He has chosen HempFusion for its rigors in regulatory standards, toxicology studies for safety and quality control adherence. The randomized, double-blinded, placebo-controlled

Canopy Growth Corporation, (TSX: WEED) (NASDAQ: CGC) recently announced its financial results for the third quarter fiscal 2021 ended December 31, 2020. All financial information in this press release is reported in millions of Canadian dollars, unless otherwise indicated.

"We delivered another quarter of record net revenue, with growth across all our businesses, led by improved commercial and supply chain execution," said David Klein, CEO. "We are building a track record of winning in our core markets, while also accelerating our U.S. growth strategy with the momentum building behind the promising cannabis reform in the U.S."

"We are executing against our cost savings program, with several initiatives already completed and more underway to build a leaner and more agile business," added Mike Lee, CFO. "These cost savings, along with our top-line growth and continued cost discipline, puts Canopy firmly on a path to achieve profitability during Fiscal 2022, with further improvement anticipated beyond."

Aphria Inc. (TSX: APHA) (NASDAQ: APHA), a leading global cannabis-lifestyle consumer packaged goods company inspiring and empowering the worldwide community to live their very best life, and Tilray, Inc. (NASDAQ: TLRY), a global pioneer in cannabis research, cultivation, production and distribution, recently announced the launch of the new website: www.aphriatilraytogether.com.

This new, dedicated resource seeks to provide shareholders of both companies with pertinent information, news and updates leading up to the special meetings of shareholders at which Aphria's and Tilray's respective shareholders will vote on the resolutions necessary to implement the proposed business combination of the two companies (the "Transaction"). The website will also allow shareholders and other interested parties to register for Transaction updates that are made publicly available, so they receive information directly to their e-mail addresses.

Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) a leading U.S. provider of consumer products in cannabis, recently announced that it would expand its line of Select brand products into Utah, starting with the brand's popular Select Elite cartridges.

Select, America's #1 Cannabis Oil Brand, was acquired by Curaleaf in February 2020, and is currently available across 17 states including Arizona, California, Colorado, Connecticut, Florida, Illinois, Maine, Massachusetts, Michigan, Maryland, New York, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, and Utah.

Select Elite will be accessible to patients at medical cannabis pharmacies across the state in the coming weeks, starting with immediate availability at the Curaleaf pharmacy in Lehi, UT. As one of the fourteen licensed retailers to operate within Utah's medical market, Curaleaf Lehi has proudly served thousands of Utah's 18,400+ active patient cardholders and looks forward to providing more accessibility to high-quality medical cannabis products, innovative consumption formats, and leading national brands to the state's growing patient base.

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