Revitalize Earth entered into letter of intent to acquire Global Hemp Group Inc. (CNSX : GHG) for CAD 5.4 million in a reverse merger transaction on July 8, 2022. Under the terms of the LOI, GHG will effect the consolidation of the GHG shares (the “GHG Shares”) on the basis of ten (10) pre-consolidated GHG Shares for one (1) post-consolidated GHG Share (the “GHG Consolidation”). GHG will issue 360,000,000 new shares at the price of CAD 0.30 per share to the shareholders of Earth to acquire the outstanding Earth shares representing a total equity value of $85 million (CAD 110 million) on a fully diluted basis. The Resulting Issuer will be listed on the Canadian Securities Exchange (the “CSE”) under the name “Revitalize Earth Holdings Inc.” or such other name as the board of directors may determine. Completion of the Transaction remains subject to a number of conditions, including, but not limited to: (i) negotiation of definitive documentation; (ii) receipt of any required regulatory approvals; (iii) the approval of the shareholders of GHG and Earth; (iv) completion of the GHG Consolidation; and (v) completion of the Concurrent Offering for gross proceeds of up to $15 million (CAD 19.5 million), if elected to do so by the Resulting Issuer. As of September 21, 2022, both Revitalize Earth and Global Hemp Group recently amended the binding Letter of Intent to extend the Due Diligence period to October 31, 2022 and to extend the closing of the Definitive Agreement and underlying transactions to October 31, 2022, or any other date that the parties may agree to in writing and in any event, to close the contemplated listing on the CSE no later than March 31, 2023.

Revitalize Earth cancelled the acquisition of Global Hemp Group Inc. (CNSX : GHG) in a reverse merger transaction on January 3, 2023.