Deploy Technologies Inc. (“Deploy” or the “company”) announced that it has entered into an assignment and novation agreement with Toro Pacific Management Inc. (the “transferor”) pursuant to which the transferor assigned a letter of intent (the “LOI”) effective May 12, 2017 to Deploy in accordance with its terms. The assignment agreement and LOI contemplate a business combination transaction pursuant to which Deploy will acquire all of the issued and outstanding securities of Nevada Medical Group LLC (“NMG”). In connection with the acquisition, it is anticipated that the current board of directors and management of Deploy, with the exception of the company's Chief Financial Officer, Darren Tindale, will resign and be replaced with the following individuals. In addition, and in consultation with NMG, the company anticipates adding additional members to the board of directors prior to closing and pursuant to the terms of the definitive agreement.

Deploy will also undertake to formally establish an Advisory Board with individuals who have industry and finance expertise. Robert Hasman (CEO & President of NMG) as Director. Robert Hasman is the founder & CEO of NMG and is responsible for overseeing all operations in Nevada.

He has over 15 years experience in real estate, business development and management. He brings direct knowledge of growing, facility design, daily operations, brand development, compliance, construction, and managing large scale cultivation facilities. Kevin Hooks (Co-Founder of NMG) as Director: Kevin Hooks is the Co-Founder of NMG & President of all Nevada operations.

He is a licensed pharmacist, and was founder and CEO of a pharmacy benefit management company that eventually sold in 2012 for USD 4.4 billion. He brings extensive pharmaceutical expertise along with first-hand knowledge of running large scale businesses and is ideally suited to provide NMG with guidance for its acquisition strategy. Leonard Clough as CEO, President & Director: Leonard Clough has been involved in capital markets for more than 20 years.

He first began his career at RBC Dominion Securities Inc., where he spent 13 years. He then founded Kingfisher Advisors SA. Mr. Clough is currently the President of Toro Pacific Management Inc. and serves as a director of Dynasty Metals & Mining Inc.