Origin House announced that it has entered into a binding term sheet agreement with Opaskwayak Cree Nation ("OCN") for a CAD 12 million debt financing (the "Financing"). Proceeds from the Financing are expected to be used by Origin House for the construction and expansion of its premium craft cannabis production facilities in Sonoma County - Cub City and FloraCal, for costs related to closing of the Arrangement, and for general corporate purposes. The Financing replaces the Company's previously announced $12 million debt facility with a subsidiary of Sprott Inc. ("Sprott"), which has now been terminated. $3,500,000 of the Financing has already been funded with the balance expected to be advanced in the coming days. The Financing is subject to a 5% commitment fee, bears interest at a rate of 10% per annum on the amount advanced and matures on December 31, 2019. The advances are currently evidenced by a promissory note which will be replaced by definitive loan and security documentation once such documentation is finalized.