Harvest One Cannabis Inc. (TSXV:HVT) ("Harvest One" or the "Company") is pleased to announce that it has completed its previously announced acquisition of all the outstanding shares of Dream Water Products Canada Inc. (“Dream Water Canada”) and Sarpes Beverages, LLC (dba Dream Products, LLC) (“Dream Water USA”) in exchange for a combination of US$12.5 million in cash and C$18.5 million in shares at a deemed price of C$1.00 per share, representing total consideration of approximately C$34.5 million (the "Transaction"). Harvest One continues to hold a substantial cash position of approximately C$62 million and zero debt. As part of this Transaction, the combination of Dream Water Canada and Dream Water USA will become Dream Water Global (“Dream Water”) and now owns the worldwide rights and all intellectual property to and for Dream Water.

Strategic Rationale

The Transaction will deliver a ready-made consumer goods marketing, distribution and product development division to Harvest One. 

Dream Water is a natural, 2.5oz, 0-calorie, liquid sleep shot. Along with its sleep powder, Dream Water helps promote relaxation and support restful sleep.  Dream Water is sold online and in over 30,000 North American retail outlets, while currently generating approximately $6 million per annum in revenue from its current product lines. Harvest One anticipates significant growth of the Dream Water brand and proposition by:

• Scaling its current e-commerce and direct to consumer efforts;
• Bringing to market Dream Water’s robust product innovation pipeline; and
• Expanding the Dream Water brand into the cannabis space; most notably, to produce additional cannabidiol (“CBD”) and/or Full-Spectrum Hemp based product lines where said products can be manufactured and sold within federally regulated markets. Dream Water Canada has established a full cannabis-based product development program to include CBD and/or Full-Spectrum Hemp in oral spray, liquid suspension and soluble powder-based product lines for the Canadian recreational and over-the-counter cannabis markets when they are legalized at the federal level.

As a result of the Transaction, Harvest One expects to achieve its strategic goal to operate as a complete, vertically-integrated global group with cannabis cultivation (United Greeneries) plus the manufacturing, marketing and distribution of both medical and pharmaceutical cannabis products (Satipharm) and consumer goods marketing, manufacturing and distribution with Dream Water.

Hollywood, Florida (February 5, 2018) 

How do you improve on the best-selling sleep shot in the United States?  By helping people get their beauty sleep!  In expanding its product offerings, Dream Water, the #1 natural sleep shot in America, is now incorporating healthy hair, skin, nail & collagen support with the launch of its’ easy to take, great tasting Dream Water Beauty shot. In a limited release, Dream Water Beauty is NOW AVAILABLE at www.dreamwaterbeauty.com.

With a focus on supporting your beauty from the inside out, Dream Water Beauty is YOUR NEW BEAUTY REGIMEN… SIMPLIFIED. Dream Water Beauty is a natural, great tasting, 0-calorie, 2.5oz liquid shot that builds on the Company’s SleepStat™ Natural Blend of GABA, melatonin, and 5-HTP with five clinically researched beauty nutrients; biotin, hyaluronic acid, bamboo silica extract, choline bitartrate and Juvecol for hair, skin, nail and collagen support.

“I couldn’t be more proud to announce the launch of Dream Water Beauty,” says David Lekach, the Company’s CEO. “We’ve listened to you, our loyal consumers, and this is the first iteration in bringing more innovation to both your nighttime and beauty routines!”

Embraced by those that appreciate the benefits of a great sleep, Dream Water has become a favorite of musicians, entertainment and sports stars alike.  Celebrity fans include Demi Moore, Katy Perry, Kendall Jenner, Khloe Kardashian, Demi Lovato, Paris Hilton, Megan Mullally, Rumer Willis, Wendi McLendon-Covey, among many others.