Dr. Neil Smith reports

CANABO MEDICAL INC. ANNOUNCES COMPLETION OF CHANGE OF NAME, SHARE CONSOLIDATION AND EXCHANGE OF SECURITIES BY PLAN OF ARRANGEMENT WITH CANABO MEDICAL CORPORATION

Canabo Medical Inc. (formerly Four River Ventures Ltd.), further to its news release dated Oct. 7, 2016, has completed the plan of arrangement for the acquisition of Canabo Medical Corp., a private corporation existing under the laws of Canada. Pursuant to the plan of arrangement, the company changed its name to its current name, Canabo Medical, consolidated its shares on a 1:2 share basis, and exchanged 27,546,900 postconsolidated common shares and 545,000 share purchase warrants with all of the securityholders of CMC, on the terms previously announced. In result, CMC is the wholly owned subsidiary of the company. The company's shares will commence trading today (Nov. 9).

Further details concerning the transaction are set out in a filing statement dated Oct. 26, 2016, and filed on SEDAR under the company's profile.

About Canabo

The principal business carried on by Canabo is the operation of medical clinics for evaluating the suitability of, prescribing and monitoring cannabinoid treatments for patients suffering from chronic pain and disabling illnesses. Canabo currently operates 10 medical clinics across Canada, staffed by licensed physicians and other qualified health care practitioners, and has future expansion plans.

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