SOL Global Investments Corp. announced that Andy DeFrancesco will step down from his role as Chief Investment Officer and Chairman of the Company. Mr. DeFrancesco will take on a new role leading a new, independent investment company, SOL Investment Group ("SIG"), which will be created following SOL Global's proposed change of business to that of a U.S. multi-state cannabis operator ("MSO") under the new name, "Bluma Wellness Inc". The proposed changes would become effective upon completion of SOL Global's change of business, which is expected to close on or before the end of October, 2019. The Company's change of business is subject to the receipt of requisite shareholder approval and approval from the Canadian Securities Exchange. SOL Global's CEO Brady Cobb will become Interim Chair of SOL Global as it completes the transition to the previously announced MSO and until the Company announces a new Chairman. SIG will be spun out of SOL Global and operate completely independent of Bluma Wellness and HeavenlyRx. SOL Global intends to spin off all of SOL Global's non-MSO assets not under the Bluma Wellness umbrella to SIG. Mr. DeFrancesco will serve as Executive Chairman of SIG and take on the role of CIO. SOL Global CEO Brady Cobb will lead the Bluma Wellness team upon the completion of the change of business expected in October of 2019, while former Kellogg's President Paul Norman will continue to oversee HeavenlyRx. Further details of the spin-off transaction will be provided in the coming weeks as the Company works to conclude its strategic review of its assets. Under Mr. DeFrancesco's and Mr. Cobb's leadership, SOL Global has undergone an aggressive growth strategy in the cannabis sector including acquiring CannCure on April 8, 2019 and its subsidiary 3 Boys Farm. Since Sol Global's acquisition of Canncure, 3 Boys Farm is one of the originally licensed medical marijuana treatment centers in Florida, and has completed substantial operational upgrades to its Ruskin, Florida cultivation facility. 3 Boys Farm has launched sales via home delivery to rave reviews, and will open six (6) dispensaries in Florida in 2019.