Canada Coal Inc. announce that it has entered into a definitive business combination agreement dated November 24, 2020 with Ayurcann Inc. ("Ayurcann") which, subject to certain conditions and applicable shareholder and regulatory approvals, will result in a reverse takeover of Canada Coal (the "Proposed Transaction"). Upon closing of the Proposed Transaction, all of Canada Coal's current directors and executive officers will resign and the board of directors and executive officers of the Resulting Issuer will, subject to the approval of governing regulatory bodies and applicable securities and corporate laws, be comprised of the nominees of Ayurcann.