SpeakEasy Announces Non-Brokered Private Placement

Press Release

VANCOUVER, Jan. 28, 2019  – SpeakEasy Cannabis Club Ltd. (CSE: EASY) (Frankfurt: 39H) (the “Company” or “SpeakEasy”) a late stage ACMPR applicant is pleased to announce a non-brokered private placement of up to 11,000,000 units of the Company (the “Units”) at a price of $0.50 per Unit for aggregate gross proceeds of up to $5,500,000 (the “Offering”).

The Company is pleased to announce that a portion of the participation in this offering will be to a BC-based Indigenous corporation.  In addition, the Company anticipates that there will be insider participation in the Offering. The issuance of those Units to insiders will be considered related party transactions within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company intends to rely on the exemptions from the requirements of MI 61-101 in respect of any insider participation.

It is anticipated that the proceeds of the Offering will be used for working capital and general corporate purposes.

Each Unit will consist of one common share in the capital of the Company (a “Common Share”) and one-half of a Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder thereof to acquire an additional Common Share at a price of $1.00 for a period of 24 months from the closing of the Offering. The Units will be made available by way of prospectus exemptions in Canada, and in such other jurisdictions as the Company may agree where the Units can be issued on a private placement basis, exempt from any prospectus, registration or other similar requirements.

Closing of the Offering is expected to occur on or about February 28, 2019 (the “Closing”) and is subject to regulatory approval, including that of the Canadian Securities Exchange.

All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.

About SpeakEasy Cannabis Club Ltd.:

SpeakEasy is a late stage applicant under the Access to Cannabis for Medical Purposes Regulations (the “ACMPR”) that is seeking to leverage three generations of farming experience in B.C. to produce high quality, small batch cannabis products once it obtains a license to do so.   The Company currently owns 290 acres of land in Rock Creek, British Columbia. The Company’s 10,000 square foot indoor facility will allow for the growth, production, and cultivation of small batch cannabis if and when the Company obtains a license from Health Canada. Construction has also commenced on an 80,000 square foot expansion facility.   Completion for the expansion is projected for Q1 2019.

For more information visit: https://speakeasygrowers.com/

For further information: Marc Geen, CEO, marc@speakeasygrowers.com, 1-250-449-1773

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