VANCOUVER, British Columbia, July 24, 2018 (GLOBE NEWSWIRE) -- Wildflower Brands Inc. (CSE:SUN) (the “Company”) is pleased to announce it has signed a Letter of Intent (“LOI”) for the acquisition Evolver Holdings Corp (“Evolver” or the “Target”). Evolver, a privately held company based in New York, has an established holistic health community with over 3.2 million Facebook followers and over 110,000 Instagram followers. In addition, Evolver owns one of the most innovative and trusted wellness retailers in Manhattan, The Alchemist’s Kitchen (www.thealchemistskitchen.com). This purchase paired with our recent announcement on expanding into New York retail with Retail Worx furthers Wildflower’s commitment to getting exposure for our products and brand into the largest markets in the world.



The Alchemist’s Kitchen is a profitable innovative retail concept with projected annualized revenues of $3 million in 2018. The Alchemist’s Kitchen brings an exciting new approach to holistic wellness by combining the most modern and innovative treatments with plant-based medicines to create a truly unique retail experience.

Pursuant to the terms of the LOI the Company intends to acquire a 100% interest in Evolver by issuing 5,000,000 common shares to the Target shareholders, based on their pro rata holdings.

William MacLean, CEO of Wildflower, says, “Evolver has created an incredibly loyal following by creating an online wellness community through education, then bringing that community physically together through the Alchemist Kitchen. Allowing the community to gather, share and heal together while providing expert advice and education, The Alchemist’s Kitchen is a recognized leader in plant-based healing. This expertise and strategy will enhance and accelerate Wildflower’s expansion online and into new markets.”

Lou Sagar, CEO of Evolver, states, “We have been working with Wildflower for 2 years now and know their commitment to quality plant-based products. Our belief in the power of plants directly aligns with Wildflower’s belief, plants heal. The strength of Wildflower’s brand and distribution channels will greatly expand our ability to grow The Alchemist’s Kitchen. Further, we believe our line of Plant Alchemy products will be a natural fit with Wildflower’s existing product line-up.”

ABOUT WILDFLOWER

Wildflower is a holistic wellness company headquartered in Vancouver building reputable brands and quality products that incorporate the synergistic effects of plants and their extracts.

ABOUT EVOLVER HOLDINGS

Evolver presents online learning through the Evolver Learning Lab, and publishes the online magazine Reality Sandwich. The Alchemist’s Kitchen is a part of Evolver and is dedicated to connecting people with the power of plants. The Alchemist Kitchen offers products by vetted brands that meet high, exacting standards for sustainable practices and social commitment, with an emphasis on goods that reflect the deep personal involvement of their producers.

On Behalf of the Board of Directors

“William MacLean”

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William MacLean

Director and CEO

THIS NEWS RELEASE, PROVIDED PURSUANT TO APPLICABLE CANADIAN REQUIREMENTS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS ABSENT REGISTRATION OR APPLICABLE EXEMPTION FROM REGISTRATION REQUIREMENTS.

Cautionary and Forward-Looking Statements

This news release contains forward‐looking statements and forward‐looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward‐looking statements or information. Forward‐looking statements and information are often, but not always, identified by the use of words such as "appear", "seek", "anticipate", "plan", "continue", "estimate", "approximate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe", "would" and similar expressions.

Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward‐looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the risks associated with the marijuana industry in general such as operational risks in growing; competition; incorrect assessment of the value and potential benefits of various transactions; ability to access sufficient capital from internal and external sources; failure to obtain required regulatory and other approvals and changes in legislation, including but not limited to tax laws and government regulations. Accordingly, readers should not place undue reliance on the forward‐looking statements, timelines and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive.

The forward‐looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward‐looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws or the Canadian Securities Exchange. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.

The Canadian Securities Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved of the contents of this press release.

Wildflower Brands Inc. 400-1505 West 2nd Ave, Vancouver, B.C., V6Y 3Y4 Tel: (604) 559-0420 www.wildflowerbrands.co