Mr. Mike Withrow reports

AREV BRANDS INTERNATIONAL LTD. ANNOUNCES ASSET PURCHASE AGREEMENT COMPLETED TO BARE TOPICALS FROM ALTERNATIVE EXTRACTS INC.

Arev Brands International Ltd. has completed the asset purchase dated Nov. 9, 2018, with Alternative Extracts Inc. (AEI) to acquire 100 per cent of the Bare Topicals assets in consideration for issuance of 500,000 common shares of the company at a deemed price of 32 cents per share issued by the company, for an aggregate value of $160,000.

Bare Brands is a line of award-winning, cannabis-infused topical products that aim to provide safe alternatives to achieving significant pain relief and treatment of skin conditions.

The most awarded topical company in Canada

• 2016:
  • Bio Cup -- first place topical (Magik);
  • Bio Cup -- second place topical (SPF 420);
  • Bio Cup -- first place topical people's choice (Magik);
  • Bio Cup -- second place topical people's choice (SPF 420);
  • Bio Cup -- second place best product (overall for the event) (SPF 420);
  • Karma Cup -- third place topical (Magik);
• 2017:
  • Okanagan Cannabis Cup -- second place topical (Magik);
  • High Times Cannabis Cup -- second place topical (Magik);
  • Karma Cup -- first place topical (Recover);
  • Karma Cup -- third place topical (Magik);
• 2018:
  • The Canna Cup -- first place topical;
  • The Grey Area Festival -- second place topical (Releaf);
  • Okanagan Cannabis Cup -- second place topical (Recover);
  • Karma Cup -- second place topical (Recover).

Mike Withrow, chief executive officer for Arev Brands International, states: "This acquisition is another that adds to the portfolio of products Arev continues to assemble while working on obtaining [Access to Cannabis for Medical Purposes Regulations] licensing to sell any of our cannabis-based products. In the meantime we are preparing the Bare Topicals herbal line for production."

The company, effective immediately, has issued 500,000 stock options to directors, officers and consultants of the company at a price of 41 cents for a period of five years from the issuance date. These options will vest immediately.

About Arev Brands International Ltd.

AREV Brands International produces and delivers functional compounds and ingredients from its world-class extraction systems. Arev is revolutionizing the current delivery method of terpenes, cannabinoids and flavonoids. These premium ingredients and formulations are used in products targeted for sale in the natural health, medical, functional food, nutraceutical, sport nutrition and bioceutical markets.

We seek Safe Harbor.