Mr. Kevin Ma reports

ACANA CAPITAL CORP CLOSES $3.5 MILLION PRIVATE PLACEMENT

Acana Capital Corp. has completed its previously announced non-brokered private placement offering (see the company's press releases on July 28, 2017, and Aug. 8, 2017) for gross proceeds of $3.5-million through the sale of 10 million shares at a price of 35 cents per share. The private placement was fully subscribed. In connection with the offering, the company paid eligible finders a cash commission of $20,650 and issued 267,634 finders' shares. All securities issued in connection with the offering are subject to the following release schedule: 33 per cent to be released in eight months of closing; 33 per cent to be released in 11 months of closing; and 34 per cent to be released in 14 months from the date of closing of this financing. Completion of the offering is concurrent to, and a condition of, the previously announced acquisition of Blockchain Technology Group Inc. (see press release dated July 28, 2017), the premier provider of blockchain search and data analytics globally.

Two insiders of the company subscribed for an aggregate of 125,000 shares, which constitutes a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The issuance to the insiders is exempt from the formal valuation and the minority shareholder approval requirements of MI 61-101 as the fair market value of the shares issued to or the consideration paid by such person did not exceed 25 per cent of the company's market capitalization.

We seek Safe Harbor.