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Orca Touchscreen target Biome Grow names board observer

2018-05-23 02:30 ET - News Release

An anonymous representative of Biome Grow reports

BIOME GROW ANNOUNCES APPOINTMENT OF MARK LIEVONEN TO BOARD OF DIRECTORS

Orca Touchscreen Technologies Ltd. target Biome Grow has appointed Mark Lievonen as an observer to its board of directors, effective immediately. Mr. Lievonen is expected to stand for election to the board of directors at Biome's next annual general meeting.

Mr. Lievonen is the former president of Sanofi Pasteur Ltd. (SPL), the Canadian vaccine division of Sanofi. Mr. Lievonen has been involved in the biopharmaceutical industry for over 30 years. He started at SPL in 1983 in a finance capacity and ultimately spearheaded the company into a billion-dollar commercial enterprise in Canada. Highlights of his stewardship include leading a cancer vaccine program in 1997, support of a pertussis vaccine that is still widely used today, and the manufacture of over 50 million doses of vaccines for domestic and international markets.

Prior to joining Sanofi, Mr. Lievonen was a chartered accountant and received his designation while working with PricewaterhouseCoopers and was elected as a fellow of the Institute of Chartered Accountants of Ontario in 2007. Currently, he is also a director of Oncolytics Biotech Inc., Acerus Pharmaceuticals Corp., Quest Pharmatech Inc. and the Gairdner Foundation.

In addition to his biopharmaceutical industry and private sector governance work, Mr. Lievonen has a strong passion for public health access, education and the overall improvement of society. These ambitions have led him to previously chair Rx&D (now Innovative Medicines Canada), BIOTECanada and the Markham Stouffville Hospital Foundation, as well as serve as vice-chair of the Ontario Institute for Cancer Research, director of the Public Policy Forum and a governor of York University.

Biome is delighted to have Mr. Lievonen join its board of directors and bring his incredible business acumen to the fast-growing company. He has extensive board leadership and governance experience, along with a wealth of knowledge in economic development and a passion for giving back to the community, which is aligned with Biome's core principles.

"I am looking forward to working with Biome's board of directors and bringing my experience to the company," said Mr. Lievonen. "Biome is on the path to changing Canada's cannabis industry, and I am excited to be part of that growth and evolution."

Mr. Lievonen's long list of recognitions for contributions to business and global society includes the Order of Canada in 2015, a Chevalier de l'Ordre National de Merite by the government of France in 2007, the Queen's Gold and Diamond Jubilee medallions, and induction into the Canadian Health Care Marketing Hall of Fame in 2013.

About Biome Grow

Biome (whose corporate legal entity name is Cultivator Catalyst Corp.) wholly owns Highland Grow Inc., an authorized licensed producer in Nova Scotia under the ACMPR (Access to Cannabis for Medical Purposes Regulations), P-209 Inc., a company incorporated under the laws of the Province of Ontario and in the late stages of applying for a licence under the ACMPR. Biome also wholly owns The Back Home Medical Cannabis Corp., a company incorporated under the laws of the Province of Newfoundland and Labrador and in the late stages of applying for a licence under the ACMPR. Biome plans on operating a diversified mix of low-cost licensed cannabis production facilities across Canada and other jurisdictions in the coming years. Additional growth will be achieved through a mixture of acquisitions and organic growth. Moreover, Biome will integrate a complementary platform of technologies and services targeted at both the Canadian and international cannabis markets.

Biome has entered into an amalgamation agreement dated April 25, 2018, with Orca Touchscreen Technologies, pursuant to which 1151856 B.C. Ltd., a wholly owned subsidiary of Orca, will acquire all of the issued and outstanding securities of Biome by way of a three-cornered amalgamation transaction. A copy of the amalgamation agreement and a press release announcing the transaction can be found on SEDAR under Orca's profile.

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