09:38:04 EDT Tue 22 Oct 2019
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P&P Ventures Inc (2)
Symbol C : PPV.H
Shares Issued 2,469,998
Close 2019-03-26 C$ 0.105
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P&P Ventures shareholders approve ManifestSeven RTO

2019-07-11 20:39 ET - News Release

Mr. Michael Woods reports


Further to its April 2, 2019, news release, P&P Ventures Inc.'s shareholders who voted at its recently completed annual and special shareholder meeting on July 10, 2019, unanimously approved the reverse takeover of MJIC Inc., doing business as ManifestSeven (M7), a leading California-based company operating in the retail storefront, retail delivery and distribution components of the regulated cannabis industry, as well as the unregulated wholesale and retail sale of ancillary products related to the cannabis industry or related industries, to businesses and consumers.

Conditions to the proposed transaction

The completion of the proposed transaction remains subject to a number of terms and conditions customary for transactions of this nature, including regulatory approvals of the matters contemplated by the underlying merger agreement, including the capital alteration, the three-for-four consolidation of capital and name change to ManifestSeven Holdings Corp., and delisting from the TSX Venture Exchange and listing on the Canadian Securities Exchange. Given the above third party approvals beyond the control of the company and M7, closing of the proposed transaction is currently targeted in August, 2019.

About M7

MJIC Inc. was incorporated pursuant to the laws in the State of California on April 29, 2014, and operates under the name ManifestSeven. M7 is a leading United States-based company operating in the wholesale and retail segments of the cannabis industry, and the ancillary industry of related but non-regulated products often used by consumers of cannabis products. M7's principal business strategy is to act as a singular access point across all available commercial channels to provide businesses and consumers universalized access to cannabis products and ancillary products.

M7 engages in the wholesaling, distribution and transportation of cannabis products on behalf of licensed cannabis operators, and the retail sale of cannabis products directly to consumers through brick-and-mortar dispensaries and local on-demand delivery and subscription services. M7 is also engaged in the wholesaling, distribution and transportation of ancillary products to licensed cannabis operators and applicable operators in the ancillary industry, as well as the retail sale of ancillary products directly to consumers through transactional and subscription-based e-commerce platforms. M7 was founded upon the cornerstone principle of legal and regulatory compliance. M7's internal compliance division monitors all of M7's operations, and also provides compliance products and services to licensed cannabis operators.

About P&P Ventures Inc.

P&P is currently listed on the NEX board of the TSX-V. Management of the company has been actively engaged in assessing possible projects with a view to completing an acquisition.

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