Dash Capital Corp. Enters into Amalgamation Agreement for Qualifying Transaction with Simply Solventless Concentrates Ltd.

Calgary, Alberta–(Newsfile Corp. – August 9, 2021) – Dash Capital Corp. (TSXV: DCX.P) (“Dash“), a capital pool company under TSX Venture Exchange Inc. (the “TSXV“) Policy 2.4 – Capital Pool Companies (the “CPC Policy“), is pleased to announce that it has entered into an amalgamation agreement dated August 6, 2021 (the “Amalgamation Agreement“) with Simply Solventless Concentrates Ltd. (“SSC“) and 2366191 Alberta Ltd. (“Dash Subco“), a wholly owned subsidiary of Dash, in furtherance of Dash’s proposed business combination with SSC (the “Transaction“). The Transaction was previously disclosed in the news release of Dash dated June 11, 2021 (the “June News Release“). A copy of the Amalgamation Agreement and the June News Release have been filed on Dash’s SEDAR profile and are available for viewing at

Simply Solventless Concentrates Ltd.
Jeff Swainson, President & Chief Executive Officer
Phone: 403-796-3640
Email:

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Notice on Forward-Looking Information

This press release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements“) within the meaning of applicable securities laws. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “will”, “estimates”, “believes”, “intends” “expects” and similar expressions which are intended to identify forward-looking statements. More particularly and without limitation, this press release contains forward-looking statements concerning the Facility Acquisition, negotiations regarding the Facility Acquisition, of which no assurances can be made that a binding agreement will be entered into, SSC’s revenues, SSC’s position to be the leading solventless manufacturer in Canada, the Transaction, the Dash Loan, the Name Change, the Board Changes, the adoption of the Resulting Issuer Option Plan, the Consolidation, the ability of Dash and SSC to meet the conditions of the Transaction in the required timeframes, obtaining the necessary exemptions and approvals from the TSXV or other regulatory bodies, including the business, name and function of the Resulting Issuer and certain financial information and forecasts. Dash cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of Dash and SSC, including expectations and assumptions concerning Dash, SSC, the Facility Acquisition, SSC’s expectations regarding commercialization of SSC products, SSC’s expectations for the authorization and approval of cannabis products to be manufactured, SSC’s ability to produce products of high quality, expected demand for cannabis in the adult use recreational market, the development of brands and brand equity, SSC’s expectations of product sales, future corporate development, expectations regarding future expenditures, including but not limited to both operational and capital expenditures, SSC’s interpretation and future expectations of municipal, provincial, and federal regulations, SSC’s access to further financing, SSC’s impact assessment of COVID-19, the Resulting Issuer, the Transaction, the timely receipt of all required shareholder, court and regulatory approvals (as applicable), including the acceptance of the TSXV, the satisfaction of other closing conditions in accordance with the terms of the Amalgamation Agreement, as well as other risks and uncertainties, including those described in Dash’s final prospectus dated April 26, 2021 filed with the British Columbia Securities Commission, the Alberta Securities Commission, the Financial and Consumer Affairs Authority of Saskatchewan, and the Ontario Securities Commission and available on SEDAR at www.sedar.com. The reader is cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of Dash. The reader is cautioned not to place undue reliance on any forward-looking statements. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

The forward-looking statements contained in this press release are made as of the date of this press release, and Dash does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by securities law.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.

Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/92611