Mr. Mike Withrow reports

AREV NUTRITION SCIENCES INC. ANNOUNCES ASSET PURCHASE AGREEMENT COMPLETED TO ACQUIRE BC BUD DEPOT ASSETS

Arev Nutrition Sciences Inc. has completed the previously announced asset purchase and sale agreement dated July 3, 2018, with Matthew Harvey carrying on business under the branding B.C. Bud Depot (BCBD), and received Canadian Securities Exchange approval to acquire 100 per cent of the assets under the BCBD brand in consideration for issuance of 9.5 million common shares of the company at a deemed price of 50 cents per share and $500,000, of which $50,000 is payable in cash and $450,000 is payable by way of a convertible debenture issued by the company accruing interest at 8 per cent per year, for an aggregate value of $5.25-million. The outstanding principal amount and outstanding accruing interest of the convertible debenture shall be convertible into common shares of the company at the price of 50 cents per common share.

The BCBD assets comprise breeding methodologies for new cannabis strains available for licence to licensed producers for replication and further processing activities and capabilities and technologies for the development of further breeding methodologies. The BCBD assets have a large collection of breeding methodologies developed over many years in the creation of a variety of marijuana strains. BCBD specializes in launching new strains, generating initial interest and demand, and market testing based on public perception over time.

BCBD holds one of the world's largest seed banks and has won over 40 awards over the past 14 years since becoming the first Canadian company in history to win top strain at an international competition in 2004 with B.C. God Bud.

B.C. Bud Depot has won many awards in recent years and is recognized as an industry leader in the pursuit of the perfection of the cannabis gene pool. B.C. Bud Depot constantly strives in refining selection and breeding processes to produce the best marijuana seeds that bring you the very strongest smoke and most powerful flavour.

BCBD has held the inside cover of High Times Magazine for the past 10 years and remains among the most recognized names in cannabis genetics and breeding.

If all of Mr. Harvey's convertible securities were converted into common shares of the company, Mr. Harvey would control 9.9 million common shares (21.4 per cent) of a total of 46,234,200 fully diluted common shares of the company.

B.C. Bud Depot won first place for best marijuana strain with B.C. Sweet God at the Kootenay Cannabis Cup on Aug. 25, 2018, in Cranbrook, B.C. The championship win marks the 35th major award for B.C. Bud Depot since its inaugural first-place finish in world competition in the Netherlands in 2004, with B.C. God Bud, now Canada's most award-winning strain of all time. Other notable wins include a first-place Bio Cannabis Cup in Spain for the Gods Gift strain in 2015, a first-place Concentrate Cup for the B.C. Blueberry strain in California in 2014 and another first place for the Girl Scout Cookies strain at the Medical Cannabis Cup in Los Angeles. B.C. Bud Depot was inducted into the Seed Bank Hall of Fame by High Times Magazine in 2009. The Kootenay Cannabis Cup marked the third major award for the B.C. Sweet God strain.

"Events like the Kootenay Cannabis Cup bring recognition to the hard work of the many botanical innovators whose marijuana strains drive the industry," stated Matthew Harvey, founder of B.C. Bud Depot. "The quality of craft cannabis at the Kootenay event was so competitive that this award could have gone to any number of entrants."

As reported on July 12, 2018, Arev Nutrition Sciences recently purchased 100 per cent of all assets under the BCBD brand, including existing and future strains. BCBD intends to license genetics within the Canadian industry and will directly supply genetic material to licensed producers owned by Arev. As reported Aug. 22, 2018, Arev will acquire Seventails Cultivation, a Health Canada applicant at the ready-to-inspect stage for a 20,000-square-foot processing and cultivation facility. Laboratory-assisted breeding operations are to be conducted on an acreage owned by Arev in Sorrento, B.C.

Arev chairman Mike Withrow stated: "It is tremendously rewarding to witness the evolution of B.C. Bud Depot as a company, maintaining a position atop the industry as Canada's pre-eminent breeding house and one of the top few in the world. And in addition to the genetics they breed, the finished quality of the winning marijuana is a testament to the world-class talent of BCBD cultivators. This is the pool of talent available to us for the production of high-end cannabis."

Mr. Withrow added: "We anticipate greater price spreads for premium, elite cannabis in years to come as regulated markets build trust in the supply chain. For us, product quality begins at the genomic level, with the award-winning genetics from B.C. Bud Depot."

Kootenay organizer Tamara Cartwright reports that the Kootenay Cannabis Cup was a complete success, featuring performers, competition and a product expo. She intends to host competitors at the second annual edition of the event in Cranbrook again next year.

About Arev Nutrition Sciences Inc.

Arev produces and delivers functional ingredients from its world-class extraction systems. Arev is revolutionizing the current delivery method of coconut oil, whey protein and nutrients through emulsification. Arev is also working with pharmacy and dispensary operators with an innovative emulsified base formula to disperse cannabis oil extracts from specific selected genetic cannabis strains that address five areas of health, including anxiety, pain management, insomnia, central nervous system disorders and libido.

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